Catch the Wind Partners with Availon GmbH for Optical Control System Sales and Support in Germany
June 26 2012 - 6:00AM
PR Newswire (Canada)
CHANTILLY, VA, June 26, 2012 /CNW/ - Catch the Wind Ltd. , Catch
the Wind Ltd. , providers of Optical Control Systems (OCS) for the
wind industry, today announced an agreement with Availon GmbH, to
provide sales representation, installation and maintenance services
in the German market. Under terms of the Agreement, Availon will
work collaboratively to market Catch the Wind's products.
Availon's world-class service organization will be responsible for
product installation and maintenance. "This agreement represents a
significant opportunity to extend our turbine control products into
one of the top wind energy producing regions of Europe," said Jo
Major, President and CEO of Catch the Wind, Inc. "Availon is a
world-class independent service provider in Europe and North
America. We look forward to initial successes in Germany and then
expanding our business into additional markets." Ulrich Schomakers,
Availon's CEO said, "We are pleased to work with Catch the Wind, a
leader in next-generation turbine control, to expand their business
in the German market. Availon is committed to bringing the best
leading-edge, cost-effective technologies to our customers to help
drive improved return on their turbine investments." 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 Availon GmbH Since its formation in
2007, Availon has established itself as the leading independent
service provider for WTGs in the megawatt class. The German-based
company specializes in increasing the availability of all WTGs
under their care as well as the continuous technical optimization
of WTGs during their entire service life. Its service provisions
are entirely flexible and can be varied according to customer
requirements. Operators thus benefit from higher yields and reduced
operating costs. Aside from the inspection, maintenance, repair and
optimization of wind turbines, the proactive services include the
reliable supply of spare parts, technical support, fault analysis
and remote monitoring. Availon is a true full-service provider with
a total output of more than 1,300 Megawatts. Visit Availon at
http://www.availon.eu/en/home.html. 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 optical control system (OCS) and optical wind
sensors (OWS). Catch the Wind serves markets for optical 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.
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 Jaques Vice President and General Counsel +1
703-956-6554 ext. 105 cjaques@catchthewindinc.comTMX EquicomPhilip
Dale Investor Relations +1 416-815-0700 ext. 253
pdale@equicomgroup.com Availon GmbHUlrich SchomakersCEO+
49-5971-8025-295ulrich.schomakers@availon.eu
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