CTW Signs Agreement with GL Renewables Certification to Certify Safety and Performance of Laser Wind Sensor
Catch the Wind Ltd. (TSX-V: CTW), developer and manufacturer of the Vindicator® laser wind sensor (LWS) and other wind sensing products, announced today that it has signed an agreement with GL Renewables Certification (GL), an independent certification body for renewable energies.
The agreement contains the certification of the safety and performance of the installed Vindicator® LWS, which can be installed on wind turbines, to validate the functionality of wind speed, wind direction measurement and yaw control. The certification will be valid for all makes and models of utility size wind turbines.
“Our certification agreement with GL Renewables Certification, a highly respected and independent certification body, is consistent with our strategy of working with the principal players of the wind energy sector to validate the performance of the Vindicator,” said Phil Rogers, President and CEO of Catch the Wind Ltd. “We believe that third-party validation of our laser wind sensing technology will result in faster market acceptance of the Vindicator as it will allow the product to be installed without voiding the manufacturer’s certification.”
The certification process is expected to be completed during October 2010.
About GL Renewables Certification
GL Renewables Certification, part of the GL Group, is a leading certification body primarily focused on the certification of wind farms, wind turbines and their components. At the forefront of understanding in renewables technology, it is abreast of all the necessary standards and requirements and takes a harmonized approach in ensuring that these are met. Manufacturers, banks and insurers around the world rely on the state-of-the-art service provided by GL Renewables Certification. For more information, please visit www.gl-group.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.
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]