CTW Bluescout Technologies Ltd.

MANASSAS, VA, Sept. 1 /CNW/ -- MANASSAS, VA, Sept. 1 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW) announced today that it has granted AXYS Technologies an exclusive license to combine and integrate the Vindicator(R) Laser Wind Sensor with custom AXYS marine floating platforms, and sell the bundled products worldwide. The exclusive license expands on a previously announced agreement signed by both companies. Under the terms of the five-year licensing agreement, AXYS has agreed to purchase a minimum of 47 high-precision resource Vindicator(R) LWS units from Catch the Wind over the next four years to an agreed upon schedule. The units will then be bundled and sold with AXYS's sea/saltwater marine floating platforms. The Vindicator(R) LWS is fully-motion compensated and designed to function in the harsh maritime environment, making it a unique product in the industry. The WindSentinel(TM) with the Vindicator(R) LWS marks a revolution in offshore wind resource assessment. "Demand for our wind measurement technology continues to grow among the various elements that make up the renewable energy market," said Philip L. Rogers, President and CEO, Catch the Wind. "Through our expanded relationship with AXYS, we will be able to accelerate the commercialization of our technology, particularly within the wind resource assessment segment. This distribution agreement establishes an additional market channel in our continually growing sales pipeline, and further validates industry need for the Vindicator technology." The minimum purchase commitment for 47 Vindicator(R) LWS units represents the largest that Catch the Wind has received to date. As announced previously, Catch the Wind and AXYS Technologies had entered into a one-year, non-exclusive sales and distribution relationship in 2009 to determine the viability of integrating the Vindicator(R) LWS with and into custom AXYS salt/fresh water fixed and floating platforms. The Vindicator(R) LWS uses laser technology combined with Doppler radar techniques to analyze air particle movement and determine wind speed and direction. The Vindicator(R) LWS is designed to improve wind prospecting, wind resource assessment and the performance of wind turbines, resulting in more energy production and reduced maintenance costs. About AXYS Technologies AXYS Technologies Inc. designs, manufactures, distributes and maintains remote environmental data acquisition, processing and telemetry systems. For further information contact AXYS at: info@axys.com. 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 and other laser sensor products. 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 Counsel, 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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