CTW Laser Wind Sensor Deployed by AXYS Technologies on World's First Offshore Wind Resource Assessment Buoy
Commercial launch expected following validation testing
Catch the Wind Ltd. (TSX-V: CTW.S) announced today that its Vindicator® Laser Wind Sensor (LWS) has been deployed by AXYS Technologies as part of validation testing of the WindSentinel™, the world’s first offshore wind assessment buoy. Commercial launch of the WindSentinel™, which combines an AXYS floating platform with a Vindicator® LWS, is expected once testing is successfully completed.
“The burgeoning offshore wind energy market provides us with tremendous growth opportunities,” said Phil Rogers, President and CEO of Catch the Wind, Inc. “Through our strategic collaboration with AXYS Technologies, we will be able to penetrate this market by providing capabilities to measure wind speed and direction, more accurately and at less expense than existing methods.”
As announced previously, AXYS and Catch the Wind entered into an OEM distribution agreement pursuant to which AXYS was 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.
Validation testing of the WindSentinel™ buoy is being conducted off of Race Rocks Island, in the coastal waters of British Columbia, Canada. The validation testing is designed to compare wind data collected by the Vindicator® LWS on the moving buoy to wind data collected from a second, stationary Vindicator® LWS, on Race Rocks Island 0.5 kilometers away.
The test site at Race Rocks Island was specifically chosen to thoroughly test the buoy’s capabilities. The waters surrounding Race Rocks see currents of 5 to 6 knots, waves from 2 to 4 meters high and winds up to 50 knots.
The WindSentinel™ was designed to assist offshore wind farm developers in determining the available wind resource at potential wind farm sites. It is the world’s first wind resource assessment buoy capable of accurately measuring wind data at heights of conventional offshore wind turbines. Historically, wind farm developers have had to construct permanent offshore meteorological towers or “met masts” to collect wind speed and direction data. It is estimated that offshore met masts can cost as much as U.S. $10 million to build.
“The WindSentinel™ solves many of the challenges that offshore wind farm developers face when forced to use a met mast offshore,” said Dennis Stacey, Renewable Energy Product Specialist at AXYS. “The WindSentinel™ allows developers to collect crucial wind resource assessment data more accurately, more quickly and less expensively than every other available option.”
To watch an online video of the WindSentinel™ being deployed click here: WindSentinel™ Video
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 protected] or visit www.axystechnologies.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.
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For more information, please contact:
Catch the Wind Ltd.
Claudia Jaques
Vice President and General Counsel
703 393 0754
[email protected]
The Equicom Group
Joe Racanelli
416 815 0700 ext. 243
[email protected]