News
Catch the Wind to Hold Investor Update Conference Call on February 14, 2012
Jan 30, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today that it will hold a conference call on Tuesday, February 14, 2012 at 10:00 a.m. ET. The call will update investors on the progress of various aspects of the business including a review of Q4 2011 performance and shipments, updates on customers, contract manufacturing and litigation, as well as an outlook for Q1 2012. Please note that the financial performance discussion concerning Q4 2011 will be based upon unaudited financial numbers as the final year-end financial numbers will not be finalized at the time of the conference call.
Catch the Wind Reports Offshore Wind Resource Assessment Breakthroughs
Jan 11, 2012
Company highlights the first deployment of the WindSentinel™ on the Great Lakes
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, today reported that the first ever deployment of the Vindicator® Laser Wind Sensor (LWS) in the AXYS Technologies Inc.’s WindSentinel™ offshore buoy was a resounding success, providing wind profile information from the Great Lakes to wind resource researchers and analysts at Grand Valley State University, University of Michigan and Michigan State University.
After 45 days of testing on Lake Michigan, Dr. Guy Meadows, Director of the Ocean Engineering Laboratory, Department of Atmospheric, Oceanic and Space Sciences, University of Michigan, reported that this was the first time they had actual data of the detailed vertical structure of the marine boundary layer over any of the Great Lakes and that this buoy had provided a truly unique data set, which will be very useful in forecasting wind and wave circulation across the lakes, as well as aiding in Search and Rescue (SAR) efforts.
Catch the Wind Reports Third Quarter 2011 Financial Results
Nov 28, 2011
Company takes significant steps to reposition for future success
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, today reported its financial results for the three-and nine-month periods ended September 30, 2011. All figures are in U.S. dollars unless otherwise stated.
“Over the past several months, we have made a number of key corporate decisions and taken significant steps towards repositioning our Company for a successful future,” said Dr. Jo Major, Jr., Chairman and Interim President and Chief Executive Officer.
Catch the Wind Grants Stock Options
Nov 22, 2011
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, today announced that on November 14, 2011 it granted 100,000 stock options to Dr. Jo Major, Jr. in his capacity as Chairman of the Company.
The options are exercisable at a price of CDN$0.16 per share. One quarter of the options vest on the first anniversary of the date of grant, with 1/36th of the remaining grant vesting each month over the subsequent 36 months. The expiry date of the options is November 14, 2021.
Catch the Wind to Hold Third Quarter 2011 Results Conference Call on November 29
Nov 16, 2011
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today that it will hold a conference call to discuss its third quarter results for 2011 on Tuesday, November 29, 2011 at 10:00 a.m. ET. In compliance with disclosure requirements for TSX Venture Exchange issuers, the Company will report its financial results on November 28, 2011 after market close.
Catch the Wind Announces Executive Appointments
Nov 15, 2011
Updates on Guidance and Falcon Fifty
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today the appointments of John Green as Chief Financial Officer and Frederick Belen to Vice President of Technology and Product Line Management.
Catch the Wind Provides OADS Litigation Update
Nov 08, 2011
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today that in connection with the preliminary injunction filed by the Company in the Circuit Court for Prince William County, Virginia, against Optical Air Data Systems, LLC (“OADS”) and Philip L. Rogers, the former President and CEO of the Company, it has received a copy of a counterclaim filed by OADS and Mr. Rogers against the Company, pursuant to which Mr. Rogers has asserted a claim for severance under his employment agreement and OADS has asserted a claim for breach of the sublease agreement between the Company’s wholly-owned subsidiary and OADS.
The Company believes that the claims made by Mr. Rogers and OADS are without merit. The Circuit Court for Prince William County has temporarily stayed all of the actions in these proceedings pending the outcome of court ordered mediation.
Catch the Wind Relinquishes Interest in Falcon Fifty LLC and Related Aircraft
Oct 26, 2011
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today that effective October 22, 2011, the Company’s wholly-owned subsidiary, Catch the Wind, Inc. (“CTW”), withdrew its membership in Falcon Fifty LLC, which was originally formed in September 2009 to acquire a Falcon 50 aircraft. As a result, the Company no longer has any interest in the aircraft.
“The mission of this Company is to become the premier provider of high-performance wind-sensing equipment to the wind turbine industry. The elimination of the corporate jet removes complexity from the Company and allows us to be more efficient with our cash, both of which are positive steps enabling us to execute more effectively,” said Jo Major, interim CEO of Catch the Wind. “The timing of this action is right as the Company is progressing into commercial production commencing this quarter and expanding next quarter.”
Catch the Wind Grants Stock Options
Oct 14, 2011
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, today announced that it has granted 100,000 stock options to each of Dr. Jo Major, Jr., Chairman and Interim CEO and Ms. Susan Nickey, both directors of the Company, on October 11, 2011.
The options are exercisable at a price of CDN $0.21 per share based on the closing share price on the TSX Venture Exchange on October 11, 2011.
Catch the Wind to Hold Investor Update Conference Call on October 18
Oct 04, 2011
Catch the Wind Ltd. (TSX-V: CTW), providers of laser-based wind sensor products and technology, announced today that it will hold a conference call to update investors on the progress of various aspects of the business and discuss future milestones on Tuesday, October 18, 2011 at 10:00 a.m. ET.
