Catch the Wind Signs Collaborative Agreement with TechnoCentre éolien

Apr 04, 2012

Will validate OCS operation in cold climates and complex terrain

Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), announced today that pursuant to its previously announced Letter of Intent, it has signed an agreement for a collaborative project with the TechnoCentre éolien to install an OCS on one of its REpower MM92 2.05 MW wind turbines in the Province of Québec, Canada for evaluation and research and development purposes. The TechnoCentre éolien is an independent organization active in developing new technologies to improve wind turbine operations and performance, particularly in extremely cold climates and complex terrains.

“This work with the TechnoCentre éolien will validate the robustness and reliability of our OCS to provide intelligent, proactive turbine control,” said Jo Major, Interim President and CEO of Catch the Wind, Inc. “This project is designed to put the CTW optical system in both very complex terrain and extreme winter environments. Further, the project lays the groundwork for installation of CTW’s optical systems on REpower machines throughout North America and Europe.”
The OCS is a “next generation” wind turbine control system for utility-scale wind turbines. From its position on top of the nacelle, the OCS simultaneously measures wind speed and direction in the free stream inflow ahead of the turbine and uses this information to optimize wind turbine performance, increasing energy output and reducing damaging stress loads.

Catch the Wind Provides Operational Update

Apr 02, 2012

Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), today provided an operational update on its technology licensing agreement and a revised first quarter 2012 revenue guidance.

Intellectual Property
Following the departure of Philip Rogers as the Chief Executive Officer, President and a director of the Company, the Company undertook, and continues to undertake, a thorough review of the operational, financial and technological performance of the Company.

Catch the Wind Grants Stock Options

Mar 26, 2012

Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), announced the granting of stock options under its annual compensation policy.

100,000 stock options were issued to Dr. Jo Major, Jr., Chairman and Interim CEO; 60,000 stock options were issued to each of Messrs. David Garman, Martin Crotty and Ms. Susan Nickey, members of the Board of Directors; and 50,000 stock options were issued to each of Messrs. Daniel Lacroix, Vice President of Design and Operations, William Fetzer, Vice President of Business Development, and Ms. Claudia Jaques, Vice President and General Counsel.

The options are exercisable at a price of CDN$0.145 per share. The expiry date of the options is March 21, 2022.