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Message: Catch the Wind and Gamesa agree to launch collaborative R&D Project

Catch the Wind and Gamesa agree to launch collaborative R&D Project

posted on Sep 11, 2009 09:22AM

http://www.cnxmarketlink.com/en/releases/today-both.cgi

 

Attention Business Editors

Catch the Wind and Gamesa agree to launch collaborative R&D Project

Companies will test laser wind sensing technology on a 2.0 MW turbine

MANASSAS, VA, Sept. 11 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW.S),

developer and manufacturer of the Vindicator(R) 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(R) 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.

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

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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