CTW Signs Trial Program Agreement with Canadian Hydro Developers
Catch the Wind Ltd. (TSX-V: CTW), announced that it will supply eight test units of its Vindicator® laser wind sensor (LWS) to Canadian Hydro Developers, Canada’s largest and most diversified renewable energy company, as part of a new trial agreement signed yesterday.
“Multi-unit testing of the Vindicator® LWS represents our most significant milestone to date and is important on a number of levels,” said Phil Rogers, President and CEO of Catch the Wind Ltd. “Working with Canadian Hydro Developers will allow us to collect and analyze wind data from different locations of a wind farm simultaneously and illustrate how wind speed and direction is constantly shifting even in relatively small areas. Most importantly, we believe the trial will allow us to demonstrate that even minor adjustments to the alignment of turbines can have a dramatic impact on stress loads and energy output, significantly enhancing the profitability of a wind farm.”
The trial program, Catch the Wind’s largest to date, 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 reduce equipment stress and increase energy output.
The Vindicator® LWS test units will be installed and integrated on eight of Canadian Hydro Developers total of 15 turbines located at the Cowley North ecoPower centre in Pincher Creek, Alberta, Canada for a direct, side-by-side comparison with turbines not equipped with laser wind sensors. Each of Cowley North’s Nordex N60 1.3 MW wind turbines is currently out of warranty.
Phased delivery of the Vindicator® LWS test units is expected to begin by September 30, 2009 and end by December 31, 2009. The trial program is expected to last up to six months, effective with the final delivery and installation of the Vindicator® LWS test units.
About Canadian Hydro
Canadian Hydro Developers, Inc. is committed to Building a Sustainable Future®. The Company is the largest and most diversified developer, owner, and operator of 21 renewable energy generation facilities in Canada totaling net 694 MW of capacity in operation, 185 MW in and nearing construction, and 1,624 MW in development. The renewable generation portfolio is diversified across three technologies (water, wind, and biomass) in the provinces of Alberta, British Columbia, Ontario, and Quebec. This portfolio is unique in Canada as all facilities are certified, or slated for certification, under Environment Canada’s EcoLogo(M) Program.
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
