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CATCH THE WIND GRANTS STOCK OPTIONS


//science-technology.news-articles.net/content/2010/11/30/catch-the-wind-grants-stock-options.html
Published in Science and Technology on by Market Wire   Print publication without navigation


MANASSAS, VA, Nov. 30 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW), providers of feed-forward, intelligent turbine performance improvement systems that deliver increased energy output and reduced equipment stress loads for utility scale wind turbine generators, today announced that it has granted 2,400,000 stock options to directors and officers of the Company. Of the total, 100,000 options were granted to each of Mr. Marty Crotty, Mr. David Garman, Mr. Chris Lowe, and Ms. Alisa Rogers, each of whom is a non-employee director of the Company, and 400,000 options were granted to each of Mr. Phil Rogers, Ms. Robin Roge, Ms. Claudia Jaques, Mr. William Fetzer and Mr. Daniel Lacroix, each of whom are officers of the Company.  Mr. Rogers is also a director of the Company.

An additional 2,210,000 stock options were granted to employees of and consultants to the Company.

All of the 4,610,000 options granted are exercisable at a price of CDN $0.36 per share for a period of up to 10 years, effective November 29, 2010.  The granting of the options is consistent with the Company's stock option plan, which was approved by shareholders on June 16, 2010. 

About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Manassas, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator® laser wind sensor.

Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the "gold standard" in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit [ www.catchthewindinc.com ].

Forward-Looking Information
This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of Catch the Wind. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Catch the Wind believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Catch the Wind disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


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