Catch the Wind Ltd. has expanded its business relationship with AXYS Technologies by signing a licensing agreement to integrate the Vindicator laser wind sensor (LWS) unit into an AXYS system for land-based wind resource assessment applications.
Under the terms of the five-year licensing agreement, AXYS has agreed to purchase a minimum of 58 LWS units from Catch the Wind. With the collaboration of Catch the Wind, AXYS will design, construct, commission and market a land-based wind resource assessment system under the name of WindSentinel Land Station.
As announced previously, Catch the Wind granted AXYS an exclusive license to combine and integrate a Vindicator LWS unit with custom AXYS marine floating platforms called the WindSentinel, and sell the bundled products worldwide.
No financial terms of the agreement were provided.