Catch the Wind Ltd. Signs Sales Agreement with Kruger Energy Port Alma
Catch the Wind Ltd. (TSX-V: CTW), providers of feed-forward, intelligent turbine performance improvement systems that deliver increased energy output and reduced equipment stress loads for utility scale wind turbine generators, announced today that it has sold a Vindicator® laser wind sensor (LWS) unit to Kruger Energy Port Alma, a 44-turbine, 101.2-megawatt (MW) wind farm in Ontario, Canada.
The Vindicator® unit will be integrated to a SWT - 2.3 MW turbine, which will result in an expansion in the number of turbine makes and models on which Catch the Wind has installed turbine yaw control systems.
“We believe that today’s sales announcement provides further evidence of the demand that wind farm owners and operators have for effective turbine control systems that deliver increased energy output,” said Phil Rogers, President and CEO of Catch the Wind Inc. “We look forward to working with Kruger and integrating our technology onto one of their turbines for the first time.”
Kruger Energy Port Alma is a 101.2-megawatt wind farm located on the north shore of Lake Erie, in the Municipality of Chatham-Kent in Ontario, Canada. It comprises 44 SWT - 2.3 MW wind turbines.
No financial terms of the sale were provided.
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.
Forward-Looking Information
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.
For more information, please contact:
Catch the Wind Ltd.
Claudia Jaques
Vice President and General Counsel
703-393-0754
[email protected]
TMX Equicom
Joe Racanelli
Investor Relations
416-815-0700 ext. 243
[email protected]