06/09/2011
CATCH THE WIND SIGNS SALES AGREEMENT WITH INVENERGY FOR SIX VINDICATOR® LWS UNITS
MANASSAS, VA, June 6, 2011 - 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 United States.
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.
About Invenergy
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 Europe.
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 visit www.invenergyllc.com.
"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 United States.
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.
About Invenergy
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 Europe.
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 visit www.invenergyllc.com.
- Source:
- Catch the Wind Ltd.
- Email:
- cjaques@catchthewindinc.com
- Link:
- www.catchthewindinc.com/...