Catch the Wind announces first commercial sale of its Vindicator Laser Wind Sensor for maritime applications. Signs distribution agreement with AXYS TechnologiesMarch 17, 2009
Catch the Wind Ltd. (TSX-V: CTW.S) announced today the first-ever commercial sale of its Vindicator® laser wind sensor (LWS) to AXYS Technologies, a provider of environmental data acquisition, processing and telemetry systems for marine and terrestrial applications.
AXYS will install the Vindicator® LWS on one of its data collection buoys to determine the viability of wind energy production in off-shore environments through the accurate measurement of wind speed and direction.
“This first sale of the Vindicator is a significant milestone for our company,” said Philip L. Rogers, President and CEO, Catch the Wind. “Not only does it provide clear support for our technology and its ability to provide accurate forward wind measurement, it also demonstrates the Vindicator’s applicability to new markets, including wind energy assessment.”
The Vindicator® LWS uses laser technology combined with Doppler radar techniques to analyze air particle movement and determine wind speed and direction. The Vindicator’s primary use is to improve the performance of wind turbines, resulting in more energy production and reduced maintenance costs.
AXYS and Catch the Wind have also entered into an OEM distribution agreement pursuant to which AXYS is granted a license to combine and integrate the Vindicator® LWS with custom AXYS salt/fresh water fixed and floating platforms, and sell the bundled products worldwide.
“Partnering with Catch the Wind will permit us to launch our Wind Sentinel, the marine industry’s f
irst buoy mounted with a laser wind sensor,” Harry Weiler, President of AXYS Technologies. “By delivering cost-effective wind assessment, the Wind Sentinel will help the offshore wind sector mitigate the risks associated with larger turbine and infrastructure projects.”
About AXYS Technologies
AXYS Technologies Inc. designs, manufactures, distributes and maintains remote environmental data acquisition, processing and telemetry systems. For further information contact AXYS at: email@example.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 and other laser sensor products.
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 wi
nd 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 ar
e 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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cies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
AXYS Technologies Inc. designs, manufactures, distributes and maintains remote environmental data acquisition, processing and telemetry systems. For further information contact AXYS at: firstname.lastname@example.org or www.axystechnologies.com.