2024-04-23
http://w3.windfair.net/wind-energy/pr/9248-catch-the-wind-grants-stock-options

CATCH THE WIND GRANTS STOCK OPTIONS

MANASSAS, VA, May 24, 2011. Catch the Wind Ltd. (TSXV: 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, today announced that, pursuant to employment agreements, it has granted 400,000 stock options to each of Ms. Robin Roge, Ms. Claudia Jaques, Mr. William Fetzer and Mr. Daniel Lacroix, each of whom is an executive officer of the Company. All of the options are exercisable at a price of CDN $0.55 per share. One third of the options will vest on the first anniversary of the grant date, one third will vest on the second anniversary of the grant date and the remaining one third will vest on the third anniversary of the grant date. The term of the options is ten years from the date of grant. The granting of the options is consistent with the Company's stock option plan, which was approved by shareholders on June 16, 2010.

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.
Source:
Catch the Wind, Inc
Email:
cjaques@catchthewindinc.com
Link:
www.catchthewindinc.com/...







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