CTW Signs Trial Program Agreement with Hélimax Energy
Catch the Wind Ltd. (TSX-V: CTW.S), developer and manufacturer of the Vindicator® laser wind sensor (LWS) and other sensor products, announced today that it has signed a trial program agreement with Hélimax Energy Inc, an independent consulting firm specializing in utility-scale wind energy project development.
Catch the Wind and Hélimax have mutually agreed to test and compare the performance of the Vindicator® LWS with a meteorological tower. The Vindicator® system will facilitate the measurement of the wind profile at several intervals from 50 to 300 meters to accurately characterize the wind resource available to wind farm developers and operators.
“Our trial program with Hélimax, a highly respected and independent consultant, is consistent with our strategy of working with the principal players of the wind energy sector to test the performance of the Vindicator,” said Phil Rogers, President and CEO of Catch the Wind Ltd. “We believe that third-party validation of our laser wind sensing technology will result in faster market acceptance of the Vindicator as well as increased sales over the long term.”
The trial program, which will take place at a field site in Quebec, is expected to be completed by November 30, 2009.
About Hélimax
Hélimax Energy Inc., a leader in the field of independent wind energy consulting, excels in its particular use of engineering, meteorology and environmental science for utility-scale wind energy project development. With more than 50 employees working with more than 200 clients and partners, the Company is headquartered in Montreal. Hélimax Energy is a member of the Germanischer Lloyd Group. For more information visit www.helimax.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]
The Equicom Group
Joe Racanelli
416 815 0700 ext. 243
[email protected]