News
Catch the Wind to Hold First Quarter 2012 Financial Results Conference Call on May 24, 2012
May 15, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), announced today that it will hold a conference call to discuss its financial results for the first quarter 2012 year on Thursday, May 24, 2012 at 10:00 a.m. ET. In compliance with disclosure requirements for TSX Venture Exchange issuers, the Company will report its financial results on May 23, 2012 after market close.
Catch the Wind Ltd. Reports Year-End Financial Results for 2011
Apr 25, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), reported its financial results for the three- and 12-month period ended December 31, 2011. All figures are in U.S. dollars, unless otherwise stated.
“2011 was a year of substantial change for CTW,” said Jo Major, Interim President and CEO of Catch the Wind, Inc. “We have made many critical changes that have put the Company in a much better position, both operationally and financially, than at anytime in its history. Some of the important accomplishments we achieved this year include: becoming an engineering independent company, transitioning from an R&D focused company to a manufacturing focused company, improving the data collection and sharing this data with our customers, building and improving client relationships, and developing good economic agreements with our customers.”
Catch the Wind to Hold 2011 Year-End Results Conference Call on April 26, 2012
Apr 12, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), announced today that it will hold a conference call to discuss its financial results for 2011 fiscal year on Thursday, April 26, 2012 at 10:00 a.m. ET. In compliance with disclosure requirements for TSX Venture Exchange issuers, the Company will report its financial results on April 25, 2012 after market close.
Catch the Wind Signs Collaborative Agreement with TechnoCentre éolien
Apr 04, 2012
Will validate OCS operation in cold climates and complex terrain
Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), announced today that pursuant to its previously announced Letter of Intent, it has signed an agreement for a collaborative project with the TechnoCentre éolien to install an OCS on one of its REpower MM92 2.05 MW wind turbines in the Province of Québec, Canada for evaluation and research and development purposes. The TechnoCentre éolien is an independent organization active in developing new technologies to improve wind turbine operations and performance, particularly in extremely cold climates and complex terrains.
“This work with the TechnoCentre éolien will validate the robustness and reliability of our OCS to provide intelligent, proactive turbine control,” said Jo Major, Interim President and CEO of Catch the Wind, Inc. “This project is designed to put the CTW optical system in both very complex terrain and extreme winter environments. Further, the project lays the groundwork for installation of CTW’s optical systems on REpower machines throughout North America and Europe.”
The OCS is a “next generation” wind turbine control system for utility-scale wind turbines. From its position on top of the nacelle, the OCS simultaneously measures wind speed and direction in the free stream inflow ahead of the turbine and uses this information to optimize wind turbine performance, increasing energy output and reducing damaging stress loads.
Catch the Wind Provides Operational Update
Apr 02, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), today provided an operational update on its technology licensing agreement and a revised first quarter 2012 revenue guidance.
Intellectual Property
Following the departure of Philip Rogers as the Chief Executive Officer, President and a director of the Company, the Company undertook, and continues to undertake, a thorough review of the operational, financial and technological performance of the Company.
Catch the Wind Grants Stock Options
Mar 26, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® Optical Control Systems (OCS), announced the granting of stock options under its annual compensation policy.
100,000 stock options were issued to Dr. Jo Major, Jr., Chairman and Interim CEO; 60,000 stock options were issued to each of Messrs. David Garman, Martin Crotty and Ms. Susan Nickey, members of the Board of Directors; and 50,000 stock options were issued to each of Messrs. Daniel Lacroix, Vice President of Design and Operations, William Fetzer, Vice President of Business Development, and Ms. Claudia Jaques, Vice President and General Counsel.
The options are exercisable at a price of CDN$0.145 per share. The expiry date of the options is March 21, 2022.
enXco Signs Agreement to Outfit Wind Turbines with Catch the Wind’s Optical Control System
Mar 22, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of optical control systems (OCS) for the wind industry, today announced the signing of a multi-unit sales agreement with enXco, an EDF Energies Nouvelles Company. enXco purchased five additional OCS units to outfit wind turbines at multiple North American wind farms with Catch the Wind’s advanced optical turbine control system. Installation of these units is scheduled to begin in April of 2012.
Catch the Wind Launches Production of Vindicator® OCS with Sanmina-SCI, a Tier 1 Engineering and Manufacturing Solutions Partner
Mar 19, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of Vindicator® optical control system (OCS), and Sanmina-SCI, a leading manufacturing and engineering solutions company making some of the world’s most complex and valuable optical, electronic and mechanical products, today announce the successful completion of the transfer of the OCS into volume manufacturing. The first completed OCS was assembled and shipped from Sanmina-SCI’s Kanata, Ontario facility on February 14, 2012.
“Getting the OCS into a solid manufacturing environment is another milestone in our company’s history,” said Jo Major, Interim President and CEO of Catch the Wind, Inc. “Working with a third-party manufacturer of Sanmina-SCI’s quality allows us to execute better and focus on our core mission of using optical control to substantially improve the output power of the wind turbine. This move will increase our on-time shipping performance, improve our overall cost structure and provide us the critical path to quickly growing capacity as our demand increases. The production and assembly of the OCS at Sanmina-SCI’s Kanata facility is the result of strong collaborative work between great technical teams. We look forward to continuing to work closely with Sanmina-SCI as production continues to ramp.”
Catch the Wind Responds to Recent Trading Activity
Mar 16, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of optical control systems (OCS) for the wind industry, is responding to the recent trading activity in the Company’s shares. The majority of trading activity late last week was the result of the disposition of shares controlled by former President, CEO and Chairman of the Company, Philip L. Rogers, and former director of the Company, Alisa Rogers, as disclosed in recent filings made by those parties on the Company’s SEDAR profile, and with which parties the Company is currently in a legal dispute. The Company is not aware of any material change in its business or affairs that has not been announced that would account for the recent increase in volume.
Catch the Wind Files Complaint Against Philip Rogers, Alisa Rogers, Elizabeth Dakin, Falcon Fifty, LLC and Tristar Aviation, LLC
Feb 14, 2012
Catch the Wind Ltd. (TSX-V: CTW), providers of optical turbine control systems (OTCS), announced today that it, together with its wholly-owned operating subsidiary Catch the Wind, Inc. (“CTW Virginia”), has filed a complaint in the Circuit Court for Prince William County, Virginia, against Philip L. Rogers (former President, Chief Executive Officer and Chairman of the Board of Catch the Wind and a former director of CTW Virginia), his wife Alisa Rogers (former director of Catch the Wind and a former director and Vice President of CTW Virginia) and their daughter, Elizabeth Dakin (a former director, Secretary and Treasurer of CTW Virginia), as well as Falcon Fifty, LLC and Tristar Aviation, LLC (entities owned and controlled by Philip and Alisa Rogers). Catch the Wind is seeking damages in the amount of $18.6 million plus the costs of the action, and the rescission of the Falcon 50 aircraft purchase transaction.
