Catch the Wind Signs Collaborative Agreement With TechnoCentre eolien
April 04 2012 - 6:00AM
PR Newswire (Canada)
- Will validate OCS operation in cold climates and complex terrain
- CHANTILLY, VA, April 4, 2012 /CNW/ - Catch the Wind Ltd. ,
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. About TechnoCentre éolien Founded in 2000,
the TechnoCentre éolien is a not-for-profit organisation whose
mission is to contribute to the development of an industrial wind
energy network in Québec, able to compete on North American and
world stages, while valorising the Gaspé Peninsula and Magdalen
Islands as being central to this emerging niche of Québec's
economy. It owns an experimental northern wind energy site, the
Site nordique expérimental en éolien CORUS (SNEEC) that features
two REpower MM92 CCV wind turbines with a capacity of 2.05 MW each.
SNEEC aims primarily to carry out research, development and
technology transfer projects involving northern conditions. 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 OCS. 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.comTMX EquicomPhilip
DaleInvestor Relations416-815-0700 ext. 253pdale@equicomgroup.com
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