The announcement that their products work for onshore and offshore purposes, both within a week of each other. Amazing how after all that the stock price still managed to tank as everybody chased the next gold mine, oil play or social media fad investment and forgot all about CTW's wind industry-saving technology. The ousting of Rogers as CEO did a lot of damage too but it was a necessary evil as he was spending all of Hunter Hall's money on that plane.
Catch the Wind releases final results of trial program with Nebraska Public Power District
Dec. 10, 2009 (Canada NewsWire Group) --
MANASSAS, VA, Dec. 10 /CNW/ -- Catch the Wind Ltd. (TSX-V: CTW.S) today released the final results of its trial program with Nebraska Public Power District (NPPD). The results demonstrated that Catch the Wind's Vindicator(R) Laser Wind Sensor (LWS) increased the energy output of a turbine by an average of 12.3 percent as a result of better alignment with oncoming wind and increased gust detection. The increased energy output was achieved while the Vindicator(R) LWS controlled the turbine for only 56 percent of the time as specified by the parameters of the 30-day trial. Excluding statistically insufficient measurement data, the Vindicator(R) LWS improved energy output by more than 18 percent.
"Our field trial with Nebraska Power further validated the capabilities of the Vindicator to improve the performance of a turbine through forward measurement of wind speed and direction," said Phil Rogers, President and CEO of Catch the Wind. "Increasing energy output by only 10 percent per turbine, for example, we believe that wind farm operators can expect to generate a present value of future cash flows in excess of $600,000 for a typical 2.5 mega-watt turbine or $18 million for a typical 75 mega-watt wind farm. We believe the incremental cash flows generated during the first 24 to 36 months are sufficient to payback the initial investment."
Dec. 17, 2009 (Canada NewsWire Group) --
MANASSAS, VA, Dec. 17 /CNW/ -- Catch the Wind Ltd. (TSX-V: CTW.S) announced that field trial tests of the WindSentinel(TM), a wind resource assessment buoy mounted with the Company's Vindicator(R) Laser Wind Sensor (LWS), have been successfully completed by AXYS Technologies Inc.
The field trials were conducted off of Race Rocks Island, in the coastal waters of British Columbia, Canada, and were designed to determine if motion affected wind measurement by comparing the data collected by the Vindicator(R) LWS on a moving WindSentinel(TM) buoy to wind data collected from a second, stationary Vindicator(R) LWS on Race Rocks Island, 750 meters away.
"The buoy worked flawlessly during the trials, with wind speeds that reached more than 80 kilometers per hour and wave heights over four meters," said Reo Phillips, Manager of AXYS product development. "We are currently analyzing the data in detail and expect a preliminary report ready for distribution early in the new year."