06/06/2011
Catch The Wind signs sales agreement with Boralex for 6 VINDICATOR® LWS units
Catch the Wind, Ltd. announced today that it has sold six Vindicator® laser wind sensor (LWS) units to Boralex, a power producer with an installed capacity of 700 MW in Canada, the Northeastern United States and France. The sales agreement includes an option to purchase hundreds of additional units over a set period.
"Our sales agreement with Boralex is significant on a number of levels," said Phil Rogers, President and CEO of Catch the Wind, Inc. "Not only does it provide the potential for a significant number of follow-on orders, it also expands our installed base around the world through an expected installation into France for the first time. Equally important, it allows us to broaden the number of turbine makes and models into which the Vindicator has been integrated given Boralex's use of Enercon turbines."
The installation of the Vindicator® laser wind sensor units will initially take place on six Boralex wind turbines located on different sites in North America and Europe. Installation is expected to begin in the third quarter of the current calendar year. Boralex's primary use of the Vindicator® LWS is intended for increased energy output.
Financial terms of the sales agreement were not disclosed.
The Vindicator® LWS is a "next generation" wind sensor for utility-scale wind turbines. From its position on top of the nacelle, the Vindicator® LWS determines wind speed and direction up to 300 meters in front of the turbine. As a result, the Vindicator® LWS provides a three-dimensional view of actual wind conditions enabling the optimization of a wind turbine's performance for the purposes of increasing energy output and reducing damaging stress loads.
About Boralex:
Boralex is a power producer whose core business involves developing and operating renewable energy power stations with a total installed capacity of 700 MW in Canada, the Northeastern United States and France. Boralex is also committed under power development projects, both independently and with European and Canadian partners, to add approximately 400 MW of power. With nearly 350 employees, Boralex is known for its diversified expertise and in-depth experience in three power generation segments — wind, hydroelectric and thermal — and will add a fourth segment to its energy portfolio with the upcoming commissioning of its first solar power station. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively. More information is available at www.boralex.com or www.sedar.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. For more information, visit www.catchthewindinc.com.
For further information:
Catch the Wind Ltd.
Claudia Jaques
Vice President and General Counsel
703-393-0754
cjaques@catchthewindinc.com
"Our sales agreement with Boralex is significant on a number of levels," said Phil Rogers, President and CEO of Catch the Wind, Inc. "Not only does it provide the potential for a significant number of follow-on orders, it also expands our installed base around the world through an expected installation into France for the first time. Equally important, it allows us to broaden the number of turbine makes and models into which the Vindicator has been integrated given Boralex's use of Enercon turbines."
The installation of the Vindicator® laser wind sensor units will initially take place on six Boralex wind turbines located on different sites in North America and Europe. Installation is expected to begin in the third quarter of the current calendar year. Boralex's primary use of the Vindicator® LWS is intended for increased energy output.
Financial terms of the sales agreement were not disclosed.
The Vindicator® LWS is a "next generation" wind sensor for utility-scale wind turbines. From its position on top of the nacelle, the Vindicator® LWS determines wind speed and direction up to 300 meters in front of the turbine. As a result, the Vindicator® LWS provides a three-dimensional view of actual wind conditions enabling the optimization of a wind turbine's performance for the purposes of increasing energy output and reducing damaging stress loads.
About Boralex:
Boralex is a power producer whose core business involves developing and operating renewable energy power stations with a total installed capacity of 700 MW in Canada, the Northeastern United States and France. Boralex is also committed under power development projects, both independently and with European and Canadian partners, to add approximately 400 MW of power. With nearly 350 employees, Boralex is known for its diversified expertise and in-depth experience in three power generation segments — wind, hydroelectric and thermal — and will add a fourth segment to its energy portfolio with the upcoming commissioning of its first solar power station. Boralex's shares and convertible debentures are listed on the Toronto Stock Exchange under the ticker symbols BLX and BLX.DB, respectively. More information is available at www.boralex.com or www.sedar.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. For more information, visit www.catchthewindinc.com.
For further information:
Catch the Wind Ltd.
Claudia Jaques
Vice President and General Counsel
703-393-0754
cjaques@catchthewindinc.com
- Source:
- Catch the Wind Ltd.
- Author:
- Posted by Trevor Sievert, Online Editorial Journalist
- Email:
- wfetzer@catchthewindinc.com
- Link:
- www.catchthewindinc.com/...
- Keywords:
- Catch the Wind Ltd., wind, wind energy, wind turbine, rotorblade, awea, ewea, wind power, suppliers, manufacturerstrevor sievert
