MANASSAS, VA, May 24, 2011 /CNW/ - Catch the Wind Ltd. (TSXV: CTW),
providers of feed-forward, intelligent turbine performance improvement
systems that deliver increased energy output and reduced equipment
stress loads for utility scale wind turbine generators, today announced
that, pursuant to employment agreements, it has granted 400,000 stock
options to each of Ms. Robin Roge, Ms. Claudia Jaques, Mr. William
Fetzer and Mr. Daniel Lacroix, each of whom is an executive officer of
All of the options are exercisable at a price of CDN $0.55 per
share. One third of the options will vest on the first anniversary of
the grant date, one third will vest on the second anniversary of the
grant date and the remaining one third will vest on the third
anniversary of the grant date. The term of the options is ten years
from the date of grant.
The granting of the options is consistent with the Company's stock
option plan, which was approved by shareholders on June 16, 2010.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in
Manassas, Virginia. The company was founded in 2008 to develop and
manufacture the Vindicator® laser wind sensor.
Catch the Wind serves the commercial market sector for laser based wind
sensor systems, recognized as the "gold standard" in wind measurement.
The company is focused on becoming a major contributor in making clean,
renewable wind energy more affordable and profitable. For more
information, visit www.catchthewindinc.com.
This news release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements involve
risks, uncertainties and other factors that could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed in such forward-looking statements. Forward-looking
statements in this news release, include, but are not limited to,
economic performance and future plans and objectives of Catch the Wind.
Any number of important factors could cause actual results to differ
materially from these forward-looking statements as well as future
results. Although Catch the Wind believes that the assumptions and
factors used in making the forward-looking statements are reasonable,
undue reliance should not be placed on these statements, which only
apply as of the date of this news release, and no assurance can be
given that such events will occur in the disclosed timeframes or at
all. Catch the Wind disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Catch the Wind Ltd.
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