Catch the Wind signs sales agreement with enXco
20 Juli 2010 - 1:00PM
PR Newswire (Canada)
MANASSAS, VA, July 20 /CNW/ -- MANASSAS, VA, July 20 /CNW/ - Catch
the Wind Ltd. (TSX-V: CTW), providers of feed-forward, intelligent
turbine performance improvement systems that deliver increased
energy output and reduced equipment stress loads for utility scale
wind turbine generators, announced today that it has sold one
Vindicator(R) laser wind sensor (LWS) unit to enXco, an EDF
Energies Nouvelles Company (PARIS: EEN). The sales agreement
provides for the purchase of additional units upon successful
performance. "We are pleased to be partnering with enXco, a leader
in wind energy focusing on large-scale wind projects throughout the
United States," said Phil Rogers, President and CEO, Catch the
Wind, Inc. Consistent with our strategy, we are effectively
positioned for additional follow-on orders with another leading
energy company pending onsite validation of the Vindicator's
capabilities. In wind generation, enXco currently has an installed
capacity of 965 MWs in the United States." Both companies have
agreed to use the services of a recognized third-party evaluator to
confirm the results of the test program, which will begin upon
delivery and integration of the Vindicator(R) units. Financial
terms of the sales agreement were not disclosed. About enXco, an
EDF EN Company enXco (www.enxco.com) - an EDF Energies Nouvelles
Company (www.edf-energies-nouvelles.com) - develops, constructs,
operates and manages renewable energy projects throughout North
America. For more than two decades, they have been a leader in
wind-energy focusing on large-scale wind projects. enXco's
portfolio includes solar and biogas technologies, in an effort to
help drive the transition to a sustainable energy economy. enXco
has grown to be a significant owner and developer of wind-energy
installations and is the largest third-party operations and
maintenance provider for wind farms in North America. 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. 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.: Claudia Jaques, Vice President and General,
703-393-0754, cjaques@catchthewindinc.com; The Equicom Group: Joe
Racanelli, Investor Relations, 416-815-0700 ext. 243,
jracanelli@equicomgroup.com
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