CTW and Gamesa Agree to Launch Collaborative R&D Project
Companies will test laser wind sensing technology on a 2.0 MW turbine
Catch the Wind Ltd. (TSX-V: CTW), developer and manufacturer of the Vindicator® laser wind sensor (LWS) and other sensor products, announced today that it has signed a research and development agreement with Gamesa, a worldwide leading manufacturer of wind turbines.
The two companies have mutually agreed to determine the feasibility of using a Vindicator® LWS unit mounted on an operating Gamesa G8X 2.0 megawatt turbine for performing forward wind measurement functionalities.
“Our agreement with Gamesa is a significant breakthrough for us,” said Phil Rogers, President and CEO of Catch the Wind, Inc. “Working closely with one of the world’s leading turbine manufacturers will allow us to develop a stronger understanding of all facets of the wind energy market.”
“In the Gamesa Technology Development, our mission is to evaluate any potential emerging technology that could be of interest. In this case, we will determine the extent to which these leading edge measuring devices can help our turbines to produce more and in better conditions,” said a Gamesa technology spokesman.
The project will take place on a commercial wind farm located in the US, still to be determined.
About Gamesa
Gamesa is a company specializing in sustainable energy technologies, mainly wind power. It is the leading company in Spain and situated among the world’s three most important wind turbine generator manufacturers.
Gamesa has installed more than 16,000 MW of its main product lines in 20 countries spread out over four continents. The annual equivalent of this production amounts to more than 3.45 million tons of petroleum (TPE) per year and prevents the emission into the atmosphere of over 24 million tons of CO2 a year.
The Company has production centres located in Europe, China and the United Sates with an international workforce of around 7,000 employees.
Gamesa USA has two manufacturing centers in Fairless Hills and Ebensburg, Pennsylvania with roughly 900 people employed in the U.S. The company is represented by the United Steelworkers Union.
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]
