Catch the Wind Ltd., a provider of laser wind sensor (LWS) products and technology, has leased – with an option to buy – a Vindicator LWS unit to an unnamed wind turbine manufacturer.
Under the terms of the lease arrangement, the turbine manufacturer will test and evaluate the Vindicator LWS for a period of three to six months. Upon successful completion of the evaluation period, the manufacturer has the option to purchase the unit or additional units under a separate sales agreement. Financial terms of the sales agreement were not disclosed.
