Catch the Wind Ltd. has granted AXYS Technologies an exclusive license to combine and integrate the Vindicator laser wind sensor (LWS) with custom AXYS marine floating platforms and sell the bundled products worldwide.
Under the terms of the five-year licensing agreement, AXYS has agreed to purchase a minimum of 47 Vindicator LWS units from Catch the Wind over the next four years on an agreed upon schedule.
The units will then be bundled and sold with AXYS' sea/saltwater marine floating platforms. The Vindicator LWS is fully motion compensated and designed to function in the harsh maritime environment, according to Catch the Wind.
As announced previously, Catch the Wind and AXYS entered into a one-year, nonexclusive sales and distribution relationship in 2009 to determine the viability of integrating the Vindicator LWS with custom AXYS salt/fresh water fixed and floating platforms.
The Vindicator LWS uses laser technology combined with Doppler radar techniques to analyze air particle movement and determine wind speed and direction.
SOURCE: Catch the Wind Ltd.