Catch the Wind Signs Agreement with AWS Convergence Technologies
WeatherBug® Professional to test wind measurement capabilities of Vindicator® LWS
Catch the Wind Ltd. (TSX-V: CTW), developer and manufacturer of the Vindicator® laser wind sensor (LWS) and other wind sensor products, announced today that it has signed a six-month evaluation agreement with AWS Convergence Technologies, owner and operator of the WeatherBug brand of professional and consumer weather products and services.
Through its WeatherBug® Professional division, AWS will install a Vindicator® LWS unit at a to be determined location to test its capabilities for wind speed measurement and wind profiling. WeatherBug Professional offers a comprehensive suite of business solutions powered by the WeatherBug Network, the largest global weather observing network with professional-grade surface and lightning detection stations.
“New market opportunities continue to emerge for our Vindicator, and we are very excited by this trial program,” said Phil Rogers, President and CEO, Catch the Wind. “This innovative project meshes very well with our goal of providing key wind data services to the wind industry. While our primary focus will continue to be on improving the value of wind energy in the renewable energy sector, we believe there is strong applicability for our wind sensing technology to support the delivery of weather services given our ability to provide accurate, far-range measurement of wind speed and direction, particularly in harsh environmental conditions. This latest program application has the potential to provide real-time, precise wind data that can be applied to near term forecasting models used for better energy grid balancing and also for national and global wind mapping for wind resource assessment and energy investment decisions.”
“We look forward to working with Catch the Wind,” said John Bosse, Director of Energy Services for WeatherBug Professional. “The company has developed an innovative technology that can enhance our weather profiling for applications within the wind energy market and beyond. We have a strong presence with the leading energy and utilities companies and will be able to provide an additional benefit to their organizations with boundary layer wind observations that will enhance their wind farm operations, and most notably, improve their short-term wind and power forecasts.”
About WeatherBug
WeatherBug (http://www.weatherbug.com and http://www.weatherbugprofessional.com) precisely monitors, organizes and disseminates global weather information. As a trusted source for live, local dynamic data, WeatherBug empowers society with weather intelligence for making more informed decisions. Millions of consumers and professional organizations, including the National Weather Service, rely on WeatherBug to plan daily activities, safeguard lives and improve business operations. WeatherBug is a brand of AWS Convergence Technologies, Inc. (http://www.aws.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® 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.
For more information, please contact:
Catch the Wind Ltd.
Claudia Jaques
Vice President and General Counsel
703-393-0754
[email protected]
The Equicom Group
Joe Racanelli
416-815-0700 ext. 243
[email protected]
