Upon the successful installation and testing of the units, BP Wind Energy has agreed to purchase sizeable quantities of additional units.
"We are pleased to be partnering with BP Wind Energy a leading owner and operator of wind power facilities with over 1,200 MW in commercial operation in the United States," said Phil Rogers, President and CEO, Catch the Wind Inc.
"Not only does this opportunity allow us to demonstrate the value of our technology to one of the leading energy companies in the world with the potential of follow-on orders if the Vindicator(R) units meet agreed upon performance criteria, it also allows us the ability to work with a leading wind power company that has made significant investments to meet America’s future energy needs, and is currently developing a number of large wind farm projects in the U.S."
Both companies have agreed to use the services of a recognized third-party evaluator to confirm the results of the test program, which will begin upon delivery and integration of the Vindicator(R) units.
Financial terms of the sales agreement were not disclosed.
BP Wind Energy is a principal owner and operator of wind power facilities with interests in eight operating wind farms. BP Wind Energy has a gross generating capacity of more than 1,200 megawatts (MW), enough to provide electricity for a city the size of Washington DC.
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(R) 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.