Catch The Wind Signs Agreement With Turbine Manufacturer

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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.

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