MANASSAS, VA, June 6, 2011 /CNW/ - Catch the Wind, Ltd. (TSX-V: CTW)
announced today that it has sold 6 Vindicator® Laser Wind Sensor (LWS)
units to affiliated entities of Invenergy Wind LLC, a developer, owner
and operator of large-scale renewable and other clean energy generation
facilities in North America and Europe.
"We are very pleased to have sold six Vindicator units to the nations'
largest independent wind power generation company," said Phil Rogers,
President and CEO of Catch the Wind Inc. "Based on the positive results
of all of our evaluation programs to date we expected accelerated sales
of the Vindicator in 2011 and beyond. This announcement along with
recent sales announcements is creating a sales momentum that validates
the belief that 2011 will be a breakout year for Catch the Wind."
The installation of the Vindicator® LWS units will be in groups of two
located at three different Invenergy wind farm sites in the continental
The Vindicator® LWS is part of the Company's "next generation" turbine
control and performance enhancement system for utility-scale wind
turbines. From its position on top of the nacelle, the Vindicator® LWS
determines wind speed and direction up to 300 meters in front of the
turbine, providing a three-dimensional view of actual wind conditions.
The Company's turbine performance enhancement system responds to the
real-time, actual measurements of the Vindicator® LWS to optimally
control a wind turbine's performance for the purposes of increasing
energy output and reducing damaging stress loads.
Financial terms of the sales agreement were not disclosed.
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.
Invenergy and its affiliated companies develop, own and operate
large-scale renewable and other clean energy generation facilities in
North America and Europe. Invenergy is committed to clean power
alternatives and continued innovation in electricity generation.
Invenergy's home office is located in Chicago and it has regional
development offices throughout the United States and in Canada and
Invenergy and its affiliated companies have developed and placed in
service twenty-five wind farms and five natural gas-fueled generating
facilities. The aggregate capacity of these facilities is approximately
five thousand megawatts, which can provide enough power for
approximately two million homes. Invenergy is the nation's largest
independent wind power generation company. For more information, please
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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