Catch the Wind Launches Production of Vindicator(R) OCS with Sanmina-SCI, a Tier 1 Engineering and Manufacturing Solutions Part
19 3월 2012 - 8:00PM
PR Newswire (Canada)
CHANTILLY, VA, March 19, 2012 /CNW/ - Catch the Wind Ltd. TSX-V:
CTW, providers of Vindicator® Optical Control Systems (OCS), and
Sanmina-SCI, a leading manufacturing and engineering solutions
company making some of the world's most complex and valuable
optical, electronic and mechanical products, today announce the
successful completion of the transfer of the OCS into volume
manufacturing. The first completed OCS( )was assembled and shipped
from Sanmina-SCI's Kanata, Ontario facility on February 14, 2012.
"Getting the OCS into a solid manufacturing environment is another
milestone in our company's history," said Jo Major, Interim
President and CEO of Catch the Wind, Inc. "Working with a
third-party manufacturer of Sanmina-SCI's quality allows us to
execute better and focus on our core mission of using optical
control to substantially improve the output power of the wind
turbine. This move will increase our on-time shipping performance,
improve our overall cost structure and provide us the critical path
to quickly growing capacity as our demand increases. The production
and assembly of the OCS at Sanmina-SCI's Kanata facility is the
result of strong collaborative work between great technical teams.
We look forward to continuing to work closely with Sanmina-SCI as
production continues to ramp." "We are committed to helping the
clean technology market grow, and by partnering with innovative
companies like Catch the Wind, we can help introduce and
industrialize these important technologies quickly and
efficiently," said Dave Dutkowsky, Executive Vice President of
Communications Networks at Sanmina-SCI. "The OCS requires
sophisticated assembly and test procedures, and our deep expertise
in custom engineering and manufacturing for complex optical
products and sensors makes Sanmina-SCI an ideal partner." Under the
terms of the manufacturing services agreement Sanmina will produce
and assemble the OCS at its state-of-the-art manufacturing
facilities in Kanata, Ontario. Sanmina will also provide technical,
engineering, design and other professional services related to the
manufacture of the OCS. The OCS is a "next generation" wind turbine
control system for utility-scale wind turbines. From its position
on top of the nacelle, the OCS simultaneously measures wind speed
and direction in the free stream inflow ahead of the turbine and
uses this information to optimize wind turbine performance,
increasing energy output and reducing damaging stress loads. About
Catch the Wind Ltd. Catch the Wind Ltd. is a high-growth technology
company headquartered in Chantilly, Virginia. The company was
founded in 2008 to develop and manufacture the OCS. Catch the Wind
serves the commercial market sector for optical 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 or follow us on Twitter
at www.twitter.com/CatchTheWindInc. 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. CONTACT: Catch the Wind Ltd.Claudia JaquesVice
President and General
Counsel703-956-6554cjaques@catchthewindinc.com TMX EquicomPhilip
DaleInvestor Relations416-815-0700 ext. 253pdale@equicomgroup.com
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