MANASSAS, VA, July 20 /CNW/ - Catch the Wind Ltd. (TSX-V: 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, announced today that it has sold one Vindicator(R) laser wind sensor (LWS) unit to enXco, an EDF Energies Nouvelles Company (PARIS: EEN). The sales agreement provides for the purchase of additional units upon successful performance.
"We are pleased to be partnering with enXco, a leader in wind energy focusing on large-scale wind projects throughout the United States," said Phil Rogers, President and CEO, Catch the Wind, Inc. Consistent with our strategy, we are effectively positioned for additional follow-on orders with another leading energy company pending onsite validation of the Vindicator's capabilities. In wind generation, enXco currently has an installed capacity of 965 MWs in the United States."
Both companies have agreed to use the services of a recognized third-party evaluator to confirm the results of the test program, which will begin upon delivery and integration of the Vindicator(R) units.
Financial terms of the sales agreement were not disclosed.
About enXco, an EDF EN Company
enXco (www.enxco.com) - an EDF Energies Nouvelles Company (www.edf-energies-nouvelles.com) - develops, constructs, operates and manages renewable energy projects throughout North America. For more than two decades, they have been a leader in wind-energy focusing on large-scale wind projects. enXco's portfolio includes solar and biogas technologies, in an effort to help drive the transition to a sustainable energy economy. enXco has grown to be a significant owner and developer of wind-energy installations and is the largest third-party operations and maintenance provider for wind farms in North America.
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(R) 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 BlueScout Technologies, Inc.
For further information: For further information: Catch the Wind Ltd.: Claudia Jaques, Vice President and General, 703-393-0754, firstname.lastname@example.org; The Equicom Group: Joe Racanelli, Investor Relations, 416-815-0700 ext. 243, email@example.com