06/14/2011
USA - Catch The Wind signs new licensing agreement with Axys Technologies for land based WINDSENTINEL™
Catch the Wind Ltd., providers of laser-based wind sensor products and technology, announced today that it has expanded its business relationship with AXYS Technologies (AXYS) and signed an exclusive worldwide licensing agreement to integrate the Vindicator® laser wind sensor (LWS) unit into an AXYS system for land-based wind resource assessment applications.
Under the terms of the five-year licensing agreement, AXYS has agreed to purchase a minimum of 58 high-precision Vindicator® LWS units from Catch the Wind over the next five years. With the collaboration of Catch the Wind, AXYS will design, construct, commission, and market a land-based wind resource assessment system under the name of WindSentinel™ Land Station.
"Developing new market channels for our technology is an important part of our strategy to accelerate commercialization and market adoption of the Vindicator products," said Phil Rogers, President and CEO of Catch the Wind Inc. "We believe expanding our current relationship with AXYS to include the integration of the Vindicator to a land-based wind resource assessment system will capitalize on the growing demand for our technology and will add to our growing sales pipeline."
"We believe there is a good market for a laser wind sensor that has the reliability of the Vindicator, combined with the remote management and reporting capabilities offered by our WatchMan500 controller", says Graham Howe, International Business Development Renewables for AXYS. "We welcome this opportunity to strengthen our relationship with Catch the Wind."
As announced previously, Catch the Wind granted AXYS an exclusive license to combine and integrate a Vindicator® LWS unit with custom AXYS marine floating platforms called the WindSentinel™, and sell the bundled products worldwide.
No financial terms of the agreement were provided.
About AXYS Technologies Inc.:
AXYS Technologies Inc. is a Canadian company with over 30 years experience in the design, manufacture and installation of remote environmental monitoring systems worldwide. AXYS applies its extensive knowledge and experience to marine, freshwater, land-based monitoring stations, and offshore wind resource assessment systems that measure aquatic, oceanic and atmospheric parameters. For more information, visit www.axystechnologies.com.
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.
Under the terms of the five-year licensing agreement, AXYS has agreed to purchase a minimum of 58 high-precision Vindicator® LWS units from Catch the Wind over the next five years. With the collaboration of Catch the Wind, AXYS will design, construct, commission, and market a land-based wind resource assessment system under the name of WindSentinel™ Land Station.
"Developing new market channels for our technology is an important part of our strategy to accelerate commercialization and market adoption of the Vindicator products," said Phil Rogers, President and CEO of Catch the Wind Inc. "We believe expanding our current relationship with AXYS to include the integration of the Vindicator to a land-based wind resource assessment system will capitalize on the growing demand for our technology and will add to our growing sales pipeline."
"We believe there is a good market for a laser wind sensor that has the reliability of the Vindicator, combined with the remote management and reporting capabilities offered by our WatchMan500 controller", says Graham Howe, International Business Development Renewables for AXYS. "We welcome this opportunity to strengthen our relationship with Catch the Wind."
As announced previously, Catch the Wind granted AXYS an exclusive license to combine and integrate a Vindicator® LWS unit with custom AXYS marine floating platforms called the WindSentinel™, and sell the bundled products worldwide.
No financial terms of the agreement were provided.
About AXYS Technologies Inc.:
AXYS Technologies Inc. is a Canadian company with over 30 years experience in the design, manufacture and installation of remote environmental monitoring systems worldwide. AXYS applies its extensive knowledge and experience to marine, freshwater, land-based monitoring stations, and offshore wind resource assessment systems that measure aquatic, oceanic and atmospheric parameters. For more information, visit www.axystechnologies.com.
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.
- Source:
- Catch the Wind Ltd.
- Author:
- Posted by Trevor Sievert, Online Editorial Journalist
- Email:
- wfetzer@catchthewindinc.com
- Link:
- www.catchthewindinc.com/...
- Keywords:
- wind, wind energy, wind turbine, rotorblade, awea, ewea, wind power, suppliers, manufacturerstrevor sievert
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