Catch the Wind Announces Filing of Injunction against Optical Air Data Systems, LLC and Philip Rogers
27 September 2011 - 5:18AM
PR Newswire (Canada)
CHANTILLY, VA, Sept. 30, 2011 /CNW/ - Catch the Wind Ltd. ,
providers of laser-based wind sensor products and technology,
announced today that it has filed a motion for a preliminary
injunction in the Circuit Court for Prince William County,
Virginia, against Optical Air Data Systems, LLC ("OADS") and Philip
L. Rogers, the former President and CEO of the Company. The motion
for an injunction has been filed to compel OADS and Mr. Rogers to
return tangible and intangible property owned by the Company and
its wholly-owned subsidiary, Catch the Wind, Inc., that the Company
has alleged in its complaint is being detained by OADS and Mr.
Rogers in violation of applicable Virginia law and their respective
contractual obligations to the Company and Catch the Wind,
Inc. Certain property that Catch the Wind alleges is being
detained is considered by Catch the Wind to be critical to the
operations of the business. 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(®) laser wind sensor. The
Vindicator(®) laser wind sensor is part of Catch the Wind's "next
generation" turbine control and performance enhancement system for
utility-scale wind turbines. From its position on top of the
nacelle, the Vindicator(®) laser wind sensor determines wind speed
and direction up to 300 meters in front of the turbine, providing a
three-dimensional view of actual wind conditions. Catch the
Wind's turbine performance enhancement system responds to the
real-time, actual measurements of the Vindicator(®) laser wind
sensor to optimally control a wind turbine's performance for the
purposes of increasing energy output and reducing damaging stress
loads. 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. 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. TMX EquicomClaudia Jaques Philip
DaleVice President and General Counsel Investor Relations(703)
956-6554 416-815-0700 ext. 253cjaques@catchthewindinc.com
pdale@equicomgroup.com
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