CTW Provides Update on Trial Program with Canadian Hydro Developers
Signs technology agreement with SCADA Solutions
Catch the Wind Ltd. (TSX-V: CTW), developer and manufacturer of the Vindicator® laser wind sensor (LWS) and other wind sensing products, announced today that it has signed a technology development agreement with SCADA Solutions, Inc. (SSI), a provider of integration and monitoring solutions for renewable energy assets. SSI will work with Catch the Wind to integrate test units of the Vindicator® LWS to wind turbines specifically included in a field trial with Canadian Hydro Developers.
“Given the number of wind turbines currently installed around the world, an expanded base of quality technology partners will allow us to capitalize on significant retrofit opportunities for our laser wind sensor,” said Phil Rogers, President and CEO of Catch the Wind Ltd. “SCADA has earned a reputation for developing innovative solutions for renewable energy companies and we look forward to their efforts at integrating our Vindicator® Laser Wind Sensor to a wider array of wind turbines.”
Mark Merhab, President of SCADA Solutions, Inc. added: “This is a tremendous opportunity to collaborate engineering expertise to advance the development of laser-based wind sensor systems. Renewable energy companies around the world continue to seek out ways to improve production capacity from their wind assets through technological advances and this alliance is a significant milestone towards that goal.”
As announced previously, Catch the Wind’s trial program with Canadian Hydro Developers is designed to test the forward wind measurement and turbine control capabilities of the Vindicator® LWS for proper alignment of a turbine against oncoming wind in order to increase energy output and reduce equipment stress. Vindicator® LWS test units will be installed and integrated on eight of Canadian Hydro Developers total of 15 Nordex N60 1.3 megawatt wind turbines located at the Cowley North ecoPower Centre in Pincher Creek, Alberta, Canada. The field trial will enable direct, side-by-side comparison of turbines not equipped with laser wind sensors with those equipped with the Vindicator® LWS.
The trial program commences with the final delivery and installation of the Vindicator® LWS test units. Phased delivery of the Vindicator® LWS test units is expected to be completed by December 31, 2009.
About SCADA Solutions, Inc.
SCADA Solutions specializes in restoring infrastructure integrity through integration of communications and SCADA systems. The Company provides complete design, engineering, installation and service of communications and SCADA systems, fiber optics and cable assemblies, and offer the latest technologies in smart packet radios. The results are a completely integrated control design essential to the utilization and maintenance of critical renewable energy assets.
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
cjaques@catchthewindinc.com
The Equicom Group
Joe Racanelli
416 815 0700 ext. 243
jracanelli@equicomgroup.com