Catch the Wind Announces Management Change
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 Robin Roge, CPA, has been appointed as interim Chief Financial Officer of the Company, succeeding David Samuels effective immediately.
Ms. Roge has more than 25 years of accounting and financial reporting experience, working with a number of public and private companies. Since 2009, she has served as Director of Accounting of the Company and has performed its Controller function. Ms. Roge will be responsible for the day-to-day financial operations and reporting for the Company until a permanent replacement is hired.
Mr. Chris Lowe, who was recently appointed as an independent director of the Company and serves as Chairman of the Audit Committee, will provide oversight of Catch the Wind’s financial activities. Mr. Lowe, a senior financial executive with more than 17 years of experience in the investment banking and energy sectors, currently serves as Chief Financial Officer of Noble Environmental Power.
In connection with the management change, Catch the Wind has retained the services of an independent financial advisor who will provide counsel to Ms. Roge, and drive the Company’s funding and capital markets initiatives. The financial advisor brings specific expertise in the renewable energy sector and has more than 20 years of finance and capital markets experience, including public-company experience as a chief financial officer.
“We wish David all of the best in the future,” said Mr. Phil Rogers, President and CEO of Catch the Wind. “We are confident of the financial team we currently have in place and believe that the recent addition of Chris Lowe and the experience of our financial advisor are tremendous assets towards our goal of addressing our near-term and long-term capital needs.”
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]
