Manassas, VA (RPRN) 8/13/2009– Catch the Wind Ltd. (TSX-V: CTW.S), developer and manufacturer of the Vindicator(R) laser wind sensor (LWS) and other sensor products, announced today that it has signed a Cooperative Research and Development Agreement with the National Renewable Energy Laboratory (NREL), the U.S. Department of Energy’s primary national laboratory for renewable energy and energy efficiency research and development.
Under the terms of the research agreement, Catch the Wind will provide NREL a test unit of the Vindicator(R) LWS for use for up to three years. NREL will evaluate how using the Vindicator(R) LWS for forward measurement of wind speed and direction to optimally align wind turbines and turbine blades can reduce stress loads on turbines and improve energy production output.
“This cooperative research initiative provides us a tremendous opportunity to work with a pre-eminent wind energy research laboratory to fully develop the potential of Vindicator(R) LWS for turbine control,” said Phil Rogers, President and CEO of Catch the Wind Ltd. “Working with NREL will complement our current evaluation programs and will allow us to demonstrate, on a national basis, the benefits of our forward wind measurement capabilities, including reduced turbine maintenance costs and higher energy output.”
Catch the Wind expects to launch the cooperative research and development initiative in October 2009.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Manassas, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator(R) laser wind sensor.
Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the “gold standard” in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com.
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.
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Source: Catch the Wind Ltd.
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CONTACT: Catch the Wind Ltd., Claudia Jaques, Vice President and General
Counsel, (703) 393-0754, firstname.lastname@example.org; The Equicom Group: Joe
Racanelli, Investor Relations, (416) 815-0700 ext. 243,