Catch the Wind Set to close Up Nearly 4% after Earlier 10% Drop, Follows Sale to enXco

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Catch the Wind Ltd. (CTW.V) looks set to close up nearly 4% after being down 10% earlier at a day low 1.25 - just above a year low 1.20 - following the sale of one Vindicator( R ) laser wind sensor ( LWS ) unit to enXco, an EDF Energies Nouvelles Company.

The sales agreement provides for the purchase of additional units upon successful performance.

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( R ) units.

Financial terms of the sales agreement were not disclosed.

Catch the Wind is a provider of feed-forward, intelligent turbine performance improvement systems that deliver increased energy output and reduced equipment stress loads for utility scale wind turbine generators.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

Referenced Stocks: LWS , R

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