enXco Signs Agreement to Outfit Wind Turbines with Catch the Wind's Optical Control System
March 22 2012 - 7:00AM
PR Newswire (Canada)
CHANTILLY, VA, March 22, 2012 /CNW/ - Catch the Wind Ltd. ,
providers of optical control systems (OCS) for the wind industry,
today announced the signing of a multi-unit sales agreement with
enXco, an EDF Energies Nouvelles Company. enXco purchased five
additional OCS units to outfit wind turbines at multiple North
American wind farms with Catch the Wind's advanced optical turbine
control system. Installation of these units is scheduled to begin
in April of 2012. "This sale to enXco marks an important new
milestone for Catch the Wind, in that CTW and enXco are working
together to further validate the performance of the OCS across
geographically diverse customer wind farms and additional turbine
models. We can now offer customers increased Annual Energy
Production using remote optical sensing for better turbine
control," said Jo Major, Interim President and CEO of Catch the
Wind, Inc. "This agreement is significant in that it allows us to
add additional manufacturers to our portfolio of wind turbine
models controlled using the OCS. The future for intelligent wind
turbine control is available now and we are proud to pioneer this
breakthrough technology in collaboration with enXco." "We are
excited about the technical opportunities LIDAR represents to
improve the output of our wind projects and enhance the operational
performance of the wind turbines," said Richard Jigarjian, Vice
President, Generation of enXco. The Vindicator(®) OCS is a "next
generation" wind turbine control system for utility-scale wind
turbines. From its position on top of the nacelle, the
Vindicator(®) OCS simultaneously measures wind speed and direction
in the free-stream inflow ahead of the turbine and uses this
information to optimize wind turbine performance, increasing energy
output and reducing damaging stress loads. 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(®) optical control
system (OCS) and optical wind sensor. Catch the Wind serves the
commercial market sector for optical 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. About enXco, an EDF EN
Company enXco (www.enxco.com - an EDF Energies Nouvelles Company
www.edf-energies-nouvelles.com) - develops, constructs, operates
and manages renewable energy projects throughout North America. For
more than two decades, they have been a leader in wind-energy
focusing on large-scale wind projects. enXco's portfolio includes
solar and biogas technologies, in an effort to help drive the
transition to a sustainable energy economy. enXco has grown to be a
significant owner and developer of wind-energy installations and is
the largest third-party operations and maintenance provider for
wind farms in North America. 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. Catch
the Wind Ltd. CONTACT: Catch the Wind Ltd.Claudia JaquesVice
President and General
Counsel703-956-6554cjaques@catchthewindinc.comTMX EquicomPhilip
DaleInvestor Relations416-815-0700 ext. 253pdale@equicomgroup.com
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