CATCH THE WIND SIGNS AGREEMENT WITH AWS CONVERGENCE TECHNOLOGIES
20 August 2010 - 7:00AM
PR Newswire (Canada)
MANASSAS, VA, Aug. 19 /CNW/ -- - WeatherBug(R) Professional to test
wind measurement capabilities of Vindicator(R) - MANASSAS, VA, Aug.
19 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), developer and
manufacturer of the Vindicator(R) laser wind sensor (LWS) and other
wind sensor products, announced today that it has signed a
six-month evaluation agreement with AWS Convergence Technologies,
owner and operator of the WeatherBug brand of professional and
consumer weather products and services. Through its WeatherBug(R)
Professional division, AWS will install a Vindicator(R) LWS unit at
a to be determined location to test its capabilities for wind speed
measurement and wind profiling. WeatherBug Professional offers a
comprehensive suite of business solutions powered by the WeatherBug
Network, the largest global weather observing network with
professional-grade surface and lightning detection stations
(http://weather.weatherbug.com/weatherbug-professional/products/weather-station).
"New market opportunities continue to emerge for our Vindicator,
and we are very excited by this trial program," said Phil Rogers,
President and CEO, Catch the Wind. "This innovative project meshes
very well with our goal of providing key wind data services to the
wind industry. While our primary focus will continue to be on
improving the value of wind energy in the renewable energy sector,
we believe there is strong applicability for our wind sensing
technology to support the delivery of weather services given our
ability to provide accurate, far-range measurement of wind speed
and direction, particularly in harsh environmental conditions. This
latest program application has the potential to provide real-time,
precise wind data that can be applied to near term forecasting
models used for better energy grid balancing and also for national
and global wind mapping for wind resource assessment and energy
investment decisions." "We look forward to working with Catch the
Wind," said John Bosse, Director of Energy Services for WeatherBug
Professional. "The company has developed an innovative technology
that can enhance our weather profiling for applications within the
wind energy market and beyond. We have a strong presence with the
leading energy and utilities companies and will be able to provide
an additional benefit to their organizations with boundary layer
wind observations that will enhance their wind farm operations, and
most notably, improve their short-term wind and power forecasts."
About WeatherBug WeatherBug (http://www.weatherbug.com and
http://www.weatherbugprofessional.com) precisely monitors,
organizes and disseminates global weather information. As a trusted
source for live, local dynamic data, WeatherBug empowers society
with weather intelligence for making more informed decisions.
Millions of consumers and professional organizations, including the
National Weather Service, rely on WeatherBug to plan daily
activities, safeguard lives and improve business operations.
WeatherBug is a brand of AWS Convergence Technologies, Inc.
(http://www.aws.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 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. Catch
the Wind Ltd., Claudia Jaques, Vice President and General Counsel,
703-393-0754, cjaques@catchthewindinc.com; The Equicom Group, Joe
Racanelli, Investor Relations, 416-815-0700 ext. 243,
jracanelli@equicomgroup.com
Copyright
Bluescout Technologies Ltd. (TSXV:CTW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Bluescout Technologies Ltd. (TSXV:CTW)
Historical Stock Chart
From Jul 2023 to Jul 2024