Catch the Wind to Outfit Canadian Wind Farm with Optical Turbine Control System
February 06 2012 - 6:00AM
PR Newswire (Canada)
CHANTILLY, VA, Feb. 6, 2012 /CNW/ - Catch the Wind Ltd. , providers
of optical turbine control systems (OTCS), today announced a signed
sales agreement with Saturn Power to equip all wind turbines at its
Gesner wind farm in Ontario, Canada with Vindicator(®) OTCS. "This
agreement underscores the importance of increasing the electrical
output of wind energy resources." said Jo Major, Interim President
and CEO of Catch the Wind, Inc. "It is exciting and rewarding to
work with a visionary wind farm owner like Saturn Power. They
recognize the value of using a look-ahead system to control their
wind turbines, choosing to install our systems in parallel with the
installation of their new turbines for the entire wind farm. We
would also like to thank the wind turbine manufacturer for
coordination in this project and for agreeing to the installation
of our system on these new turbines without modification of the
warranty agreement. We look forward to opportunities to work
closely with Saturn Power and helping them boost their power
production." "This sale is significant in that, during the planning
phase of this wind farm, Saturn Power recognized the benefit that
this optical control technology would bring to its operations,"
Major added. "Our mission is to make these control systems
standard equipment in all modern wind turbines, and we are both
appreciative and proud to work with Saturn Power on this pioneering
project." Doug Wagner, President of Saturn Power, Inc., stated "We
pride ourselves in being pioneers and want to incorporate the
latest technology in our projects." The Vindicator(®) OTCS is a
"next generation" wind control system for utility-scale wind
turbines. From its position on top of the nacelle, the
Vindicator(®) OTCS 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. About Saturn Power, Inc.
Saturn Power Inc. is a Canadian owned, renewable energy development
company based in New Hamburg, Ontario with a focus on wind and
solar projects in Ontario. By being sensitive and responsive to the
needs of customers, colleagues, the public and maintaining a
healthy relationship with the environment, Saturn Power hopes to be
perceived as being accountable and providing value to the
communities in which we live and work. For more information,
visit http://www.saturnpower.ca. About Catch the Wind Ltd. Catch
the Wind Ltd. is a high-growth technology company headquartered in
Chantilly, Virginia. The company was founded in 2008 to develop and
manufacture the Vindicator(®) optical turbine control system. Catch
the Wind serves the commercial market sector for optical 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 or
follow us on Twitter at www.twitter.com/CatchTheWindInc.
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. Catch the Wind Ltd. CONTACT: Catch the
Wind Ltd.Claudia JaquesVice President and General
Counsel703-956-6554cjaques@catchthewindinc.com TMX EquicomPhilip
DaleInvestor Relations416-815-0700 ext. 253pdale@equicomgroup.com
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