Catch the Wind Ltd. has reduced the production cost of its Vindicator laser wind sensor (LWS) by approximately 50%, which is consistent with its recently announced initiative to optimize the use of capital, according to the company.
The cost reduction results from a new production configuration achieved as a result of the knowledge gained from customer field trials conducted over the past 18 months.
‘Based on a review of the preliminary data results from customer trials, which are consistent across various turbine makes and models as well as different wind sites, we believe the benefits delivered by the Vindicator will meet or exceed the trigger points for follow-on orders from customers given the provisions of our existing customer agreements,’ says Phil Rogers, president and CEO of Catch the Wind.
As previously announced, Catch the Wind will present data that demonstrates the ability of the Vindicator LWS to generate increased energy output at the upcoming EWEA 2011 conference, which will be held in Brussels, Belgium, from March 14 to 17. The company has also been invited to present its technology at CleanEquity Monaco 2011 on March 3 and 4.
SOURCE: Catch the Wind Ltd.