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Attention Business Editors
Catch the Wind signs sales agreement with enXco
MANASSAS, VA, July 20 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), providers
of feed-forward, intelligent turbine performance improvement systems that
deliver increased energy output and reduced equipment stress loads for utility
scale wind turbine generators, announced today that it has sold one
Vindicator(R) laser wind sensor (LWS) unit to enXco, an EDF Energies Nouvelles
Company (PARIS: EEN). The sales agreement provides for the purchase of
additional units upon successful performance.
"We are pleased to be partnering with enXco, a leader in wind energy
focusing on large-scale wind projects throughout the United States," said Phil
Rogers, President and CEO, Catch the Wind, Inc. Consistent with our strategy,
we are effectively positioned for additional follow-on orders with another
leading energy company pending onsite validation of the Vindicator's
capabilities. In wind generation, enXco currently has an installed capacity of
965 MWs in the United States."
Both companies have agreed to use the services of a recognized
third-party evaluator to confirm the results of the test program, which will
begin upon delivery and integration of the Vindicator(R) units.
Financial terms of the sales agreement were not disclosed.
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.
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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/For further information: Catch the Wind Ltd.: Claudia Jaques, Vice
President and General, 703-393-0754, cjaques@catchthewindinc.com; The Equicom
Group: Joe Racanelli, Investor Relations, 416-815-0700 ext. 243,
jracanelli@equicomgroup.com/
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