- Will validate OCS operation in cold climates and complex terrain -
CHANTILLY, VA, April 4, 2012 /CNW/ - Catch the Wind Ltd. (TSXV: CTW), providers of Vindicator® Optical Control Systems (OCS), announced today that pursuant to its previously announced Letter of Intent, it has signed an agreement for a collaborative project with the TechnoCentre éolien to install an OCS on one of its REpower MM92 2.05 MW wind turbines in the Province of Québec, Canada for evaluation and research and development purposes. The TechnoCentre éolien is an independent organization active in developing new technologies to improve wind turbine operations and performance, particularly in extremely cold climates and complex terrains.
"This work with the TechnoCentre éolien will validate the robustness and reliability of our OCS to provide intelligent, proactive turbine control," said Jo Major, Interim President and CEO of Catch the Wind, Inc. "This project is designed to put the CTW optical system in both very complex terrain and extreme winter environments. Further, the project lays the groundwork for installation of CTW's optical systems on REpower machines throughout North America and Europe."
The OCS is a "next generation" wind turbine control system for utility-scale wind turbines. From its position on top of the nacelle, the OCS simultaneously measures wind speed and direction in the free stream inflow ahead of the turbine and uses this information to optimize wind turbine performance, increasing energy output and reducing damaging stress loads.
About TechnoCentre éolien
Founded in 2000, the TechnoCentre éolien is a not-for-profit organisation whose mission is to contribute to the development of an industrial wind energy network in Québec, able to compete on North American and world stages, while valorising the Gaspé Peninsula and Magdalen Islands as being central to this emerging niche of Québec's economy.
It owns an experimental northern wind energy site, the Site nordique expérimental en éolien CORUS (SNEEC) that features two REpower MM92 CCV wind turbines with a capacity of 2.05 MW each. SNEEC aims primarily to carry out research, development and technology transfer projects involving northern conditions.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Chantilly, Virginia. The company was founded in 2008 to develop and manufacture OCS.
Catch the Wind serves the commercial market sector for optical 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 or follow us on Twitter at www.twitter.com/CatchTheWindInc.
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.
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For further information:
Catch the Wind Ltd.
Vice President and General Counsel