Environmental Services News

Catch the Wind Laser Wind Sensor deployed by AXYS Technologies on world's first offshore wind resource assessment buoy

    Commercial launch expected following validation testing

    MANASSAS, VA, Nov. 2 /PRNewswire-FirstCall/ - Catch the Wind Ltd.
(TSX-V: CTW.S) announced today that its Vindicator(R) Laser Wind Sensor
(LWS) has been deployed by AXYS Technologies as part of validation testing
of the WindSentinel(TM), the world's first offshore wind assessment buoy.
Commercial launch of the WindSentinel(TM), which combines an AXYS floating
platform with a Vindicator(R) LWS, is expected once testing is successfully
completed.

    "The burgeoning offshore wind energy market provides us with tremendous
growth opportunities," said Phil Rogers, President and CEO of Catch the
Wind, Inc. "Through our strategic collaboration with AXYS Technologies, we
will be able to penetrate this market by providing capabilities to measure
wind speed and direction, more accurately and at less expense than existing
methods."

    As announced previously, AXYS and Catch the Wind entered into an OEM
distribution agreement pursuant to which AXYS was granted a license to
combine and integrate the Vindicator(R) LWS with custom AXYS salt/fresh
water fixed and floating platforms, and sell the bundled products
worldwide.

    Validation testing of the WindSentinel(TM) buoy is being conducted off
of Race Rocks Island, in the coastal waters of British Columbia, Canada.
The validation testing is designed to compare wind data collected by the
Vindicator(R) LWS on the moving buoy to wind data collected from a second,
stationary Vindicator(R) LWS, on Race Rocks Island 0.5 kilometers away.

    The test site at Race Rocks Island was specifically chosen to
thoroughly test the buoy's capabilities. The waters surrounding Race Rocks
see currents of 5 to 6 knots, waves from 2 to 4 meters high and winds up to
50 knots.

    The WindSentinel(TM) was designed to assist offshore wind farm
developers in determining the available wind resource at potential wind
farm sites. It is the world's first wind resource assessment buoy capable
of accurately measuring wind data at heights of conventional offshore wind
turbines. Historically, wind farm developers have had to construct
permanent offshore meteorological towers or "met masts" to collect wind
speed and direction data. It is estimated that offshore met masts can cost
as much as U.S. $10 million to build.

    "The WindSentinel(TM) solves many of the challenges that offshore wind
farm developers face when forced to use a met mast offshore," said Dennis
Stacey, Renewable Energy Product Specialist at AXYS. "The WindSentinel(TM)
allows developers to collect crucial wind resource assessment data more
accurately, more quickly and less expensively than every other available
option."

    To watch an online video of the WindSentinel(TM) being deployed click
here:
http://www.axystechnologies.com/Library/VideoGallery/tabid/73/Default.aspx

    About AXYS Technologies

    AXYS Technologies Inc. designs, manufactures, distributes and maintains
remote environmental data acquisition, processing and telemetry systems.
For further information contact AXYS at info@axys.com or visit
http://www.axystechnologies.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(R) 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 http://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.

 

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