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CCWFQ CUSIP suspended. FINRA deleted symbol:
http://otce.finra.org/DLDeletions
CCWFQ CUSIP suspended. FINRA deleted symbol:
http://otce.finra.org/DLDeletions
is this the old church and crawford ?
Catch The Wind Ltd. changed to Bluescout Technologies Ltd. and a one for 20 reverse split.
http://www.otcbb.com/asp/dailylist_detail.asp?d=11/06/2012&mkt_ctg=NON-OTCBB
CCWIF is very lightly traded.
The quote from the Toronto Stock Exchange for CTW can be found at:
http://tmx.quotemedia.com/quote.php?qm_symbol=ctw
Lots of disappointments with this company. My personal belief is that customers are waiting for the upcoming improved versions of the Vindicator, which should be both better and cheaper. They should be coming later this year.
Two potential problems:
1. Will the company need to raise cash again before substantial orders materialize?
2. They may have to sell a great many Vindicators just to break even.
CTW has three main customer segments:
-- Wind Farms
-- Wind Turbine OEMS
-- Wind Resource Assessment Companies.
This PR reports on the wind resource assessment customer, Axys Technologies.
And note that wind farms need assurance that the Vindicator is a reliable piece of equipment.
http://www.catchthewindinc.com/news/catch-wind-reports-offshore-wind-resource-assessment-breakthroughs
Catch the Wind Reports Offshore Wind Resource Assessment Breakthroughs
WEDNESDAY, JANUARY 11, 2012
Company highlights the first deployment of the WindSentinel™ on the Great Lakes
CHANTILLY, VA, Jan. 11, 2012 /CNW/ - Catch the Wind Ltd. (TSXV: CTW), providers of laser-based wind sensor products and technology, today reported that the first ever deployment of the Vindicator® Laser Wind Sensor (LWS) in the AXYS Technologies Inc.'s WindSentinel™ offshore buoy was an unprecedented success, providing wind profile information from the Great Lakes to wind resource researchers and analysts at Grand Valley State University, University of Michigan and Michigan State University.
After 45 days of testing on Lake Michigan, Dr. Guy Meadows, Director of the Ocean Engineering Laboratory, Department of Atmospheric, Oceanic and Space Sciences, University of Michigan, reported that this was the first time they had actual data of the detailed vertical structure of the marine boundary layer over any of the Great Lakes and that this buoy had provided a truly unique data set, which will be very useful in forecasting wind and wave circulation across the lakes, as well as aiding in Search and Rescue (SAR) efforts. "Especially valuable," he said, "was the turbulence data during the approach of severe storms and fronts." Dr. Meadows also stated that there was "amazing correlation between the buoy data and the National Weather Service and Environmental Research Laboratory, NOAA models."
Arnold Boezaart, Director of Grand Valley State University's Michigan Alternative and Renewable Energy Center, reported that the two-month sea trial went very well and yielded highly valuable real time information. "Weather wise, November and December are two of the most challenging months on the Great Lakes, so it was a good field test of the research buoy's capability," he said. "We now have two months of one-second wind measurement data up to 150 meters using a floating research platform and state-of-the-art laser technology. This has never been done before on the Great Lakes or elsewhere in North America." Additional testing and data correlation will continue through the winter with additional deployments scheduled in the spring.
"We are extremely pleased that GVSU's initial deployment has been an effective demonstration of the capabilities of the WindSentinel," said Graham Howe, International Business Development Renewables, AXYS Technologies, Inc. "The deployment period saw 23.6 m/s winds and 8 meter waves yet the WindSentinel continued to transmit the full range of data proving that the WindSentinel can offer accurate, cost effective offshore wind resource assessment data in near real time from the most challenging environments."
"Showing robustness in this extreme environment, specifically on a moving buoy far removed from land, is a great demonstration of our product," said Dr. Jo Major, Jr., Chairman and Interim President and Chief Executive Officer of Catch the Wind. "Beyond being tough, the tool demonstrated phenomenal capacity to supply remote wind measurement capability and excellent correlation with multiple standard wind measurements. This successful test under extreme environmental conditions highlights the advancements that our team has achieved with our product technology."
"The reliability and accuracy now achievable in remote offshore wind-sensing is a game-changer that will provide the wind industry with the ability to collect data that will make investments in onshore and offshore wind power more profitable with lower financial risk," Dr. Major added. "We look forward to substantial commercial growth in this business sector in partnership with AXYS Technologies."
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 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.
3 million shares sold Monday.
Phil Rogers, the CEO who left in 2011, and his wife/partner Alisa are selling their 22 million shares. Rogers is the founder of CTW and also the founder of Optical Air Data Systems, from which CTW has licensed its technology. There was a lot of bad feeling when he left CTW, but as far as I know the license is secure.
This selling can be expected to have a further bad effect on the stock price, as it did Monday, unless someone comes in and buys them.
This is a link to CTW filings on SEDAR:
http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00024977
2010 PRs for BP and enXco
Questioners in both the October 18th update call and the November 29th earnings conference call referred to the BP and enXco agreements.
These are the 2010 PR’s relating to those customers. I've bolded the parts about follow-on orders.
Note that enXco is also a provider of operations and maintenance services to the wind industry.
http://www.catchthewindinc.com/news/catch-wind-signs-sales-agreement-bp-wind-energy
Catch the Wind Signs Sales Agreement With BP Wind Energy
MONDAY, JUNE 28, 2010
Catch the Wind Ltd. (TSX-V: 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, announced today that it has sold two Vindicator® laser wind sensor (LWS) units to BP Wind Energy. Upon the successful installation and testing of the units, BP Wind Energy has agreed to purchase sizeable quantities of additional units.
“We are pleased to be partnering with BP Wind Energy a leading owner and operator of wind power facilities with over 1,200 MW in commercial operation in the United States,” said Phil Rogers, President and CEO, Catch the Wind Inc. “Not only does this opportunity allow us to demonstrate the value of our technology to one of the leading energy companies in the world with the potential of follow-on orders if the Vindicator® units meet agreed upon performance criteria, it also allows us the ability to work with a leading wind energy company that has made significant investments to meet America’s future energy needs, and is currently developing a number of large wind farm projects in the U.S.”
Both companies have agreed to use the services of a recognized third-party evaluator to confirm the results of the test program, which will begin upon delivery and integration of the Vindicator® units.
Financial terms of the sales agreement were not disclosed.
About BP Wind Energy
BP Wind Energy is a principal owner and operator of wind power facilities with interests in eight operating wind farms. BP Wind Energy has a gross generating capacity of more than 1,200 megawatts (MW), enough to provide electricity for a city the size of Washington DC.
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.
http://www.catchthewindinc.com/news/catch-wind-signs-agreement-enxco
Catch the Wind Signs Agreement with enXco
TUESDAY, JULY 20, 2010
Catch the Wind Ltd. (TSX-V: 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, announced today that it has sold one Vindicator® laser wind sensor (LWS) unit to enXco, an EDF Energies Nouvelles Company (PARIS: EEN). The sales agreement provides for the purchase of additional units upon successful performance.
“We are pleased to be partnering with enXco, a leader in wind energy focusing on large-scale wind projects throughout the United States,” said Phil Rogers, President and CEO, Catch the Wind, Inc. Consistent with our strategy, we are effectively positioned for additional follow-on orders with another leading energy company pending onsite validation of the Vindicator’s capabilities. In wind generation, enXco currently has an installed capacity of 965 MWs in the United States.”
Both companies have agreed to use the services of a recognized third-party evaluator to confirm the results of the test program, which will begin upon delivery and integration of the Vindicator® units.
Financial terms of the sales agreement were not disclosed.
About enXco, an EDF EN Company
enXco (www.enxco.com) - an EDF Energies Nouvelles Company (www.edf-energies-nouvelles.com) - develops, constructs, operates and manages renewable energy projects throughout North America. For more than two decades, they have been a leader in wind-energy focusing on large-scale wind projects. enXco’s portfolio includes solar and biogas technologies, in an effort to help drive the transition to a sustainable energy economy. enXco has grown to be a significant owner and developer of wind-energy installations and is the largest third-party operations and maintenance provider for wind farms in North America.
Q3 2011 CC Transcript + Some of October 18th Call
http://www.catchthewindinc.com/investors/presentations
Below is the Q3 2011 CC transcript plus a couple of passages relating to potential sales from the October 18th update call. (There was quite a bit of other interesting information in the October 18th call, such as an explanation of Regions 1, 2, and 3 in a wind farm, and information on turbine stress reduction.)
The link above has links to both the November 29th CC and to the presentation from the October 18th call. I don’t know if the October 18th webcast is still available.
Overall, it sounds like they are getting the contract manufacturing ready in a professional, skillful way. And it’s hard to believe they would be doing all this – and speaking the way they do in the CC – if they weren’t very sure that follow-on orders will be coming. But that’s the $64,000 question. I’m sure we’ve all seen too many examples of CEOs thinking that the big orders are just around the corner, but the orders never materialize. In the CC, Major does seem to have stepped back a bit from the October 18th call, where he said:
Link to Q3 2011 webcast.
http://www.newswire.ca/en/webcast/detail/879215/935279
(You have to register with Canada Newswire to access the webcast.)
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