Professional Documents
Culture Documents
Investor Presentation
December 2010
This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities.
Certain statements in this presentation may constitute “forward-looking” statements which involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be
materially different from any future results, performance or achievements expressed or implied by such forward-looking
statements. When used in this presentation, such statements use such words as “may”, “will”, “expect”, “continue”, “believe”,
“plan”, “intend”, “would”, “could”, “should”, “anticipate” and other similar terminology. These statements reflect current assumptions
and expectations regarding future events and operating performance and speak only as of the date of this presentation.
Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could
cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to,
the factors discussed under the “Risk Factors” section of the filing statement the Company filed with regulatory authorities on
September 9, 2008. Additional risk factors can be found in the Company's continuous disclosure filings, reports and other filings
with securities commissions and regulatory authorities in Canada and filed under the Company's profile on SEDAR at
www.sedar.com.
Although the forward-looking statements contained in this presentation are based upon what we believe are reasonable
assumptions, neither we, nor the placement agents, can assure investors our actual results will be consistent with these forward-
looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or
circumstances.
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Corporate Overview
Catch the Wind is a technology company that has developed and is
commercializing a laser wind sensor and turbine control system. The
combined solution enables accurate and proactive alignment of any wind
turbine and has proven to increase power output and reduce stress on
key mechanical components
Primary product is the Vindicator® laser wind sensor
(LWS) and turbine control system
Evolved from laser technology first developed for the
aerospace industry for measuring air speed and direction
Only nacelle-mounted, LIDAR (Light Detection and Ranging)
based wind sensor available in the market, that can
provide wind speed and direction
Independent testing has been completed and
commercialization is now underway
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Wind Turbine Control
Performance Enhancement and Durability
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Vindicator®
Laser Wind Sensor
How it Works:
1. Three laser beams pulse 1000 times per
second
2. Laser energy reflects off dust particles in the
wind and changes color according to their
velocity
3. Sensors detect the color change and
calculate wind speed and direction
4. Measurements are fed into proprietary control Vindicator® LWS mounted on a GE 1.5 MW Wind Turbine
algorithm which outputs signals that can be
entered into a turbine’s existing control
system hardware 7
© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Vindicator® LWS
Measurement Accuracy
Cup anemometers and wind vanes are the most prevalent wind measurement technologies currently available
Have proven highly effective and reliable for meteorological and wind resource applications
In undisturbed air conditions, measurements obtained from cup anemometers and wind vanes exhibit almost perfect
correlation with Vindicator ® LWS measurements (R2 > 0.99)
Cup and sonic anemometers are not suitable for turbine-mounted yaw guidance because the distorting effect of the
turbines’ spinning rotor interferes with their ability to take accurate measurements
Turbine manufacturers have incorporated mathematical models to compensate for the rotor distortion; but given the random nature of the
distortion (see chart on bottom right), these have proven to be only minimally effective
Vindicator ® LWS obtains measurements in front of the turbine and is unaffected by the spinning rotor’s distorting effects
Wind Direction Correlation Difference in Wind Direction Measurements When Mounted On Turbine(1)
Sonic Anemometer vs. Vindicator® LWS
R2 = 0.99
R2 = 0.99
Significant additional value exists, but is not incorporated into the above analysis:
Extended turbine lifetime
Added value through reduced O&M costs
Typical O&M costs:
1 gearbox replacement ~$500,000
1 main bearing replacement ~$45,000
1 blade replacement ~$200,000
1 day (24 hrs) of downtime ~$1,200 - $2,400 in lost revenue per turbine
1 day crane rental ~$25,00 - 50,000
(1)Assumes 10% increase in power output, PPA price of $65/MW (0.4% annual inflation adjustment, 20 year turbine life, discount 9
rate of 10% © Copyright 2010 Catch the Wind, Inc. All rights reserved.
Field Trials
Nebraska Public Power District
Results:
• 10.7% Increase in Power Output
• Up to 83% Reduction in Stress on Critical Mechanical Components (1)
Source: SwanTech (independent 3rd party). Based on reduction in stress loading measured by Random Friction Index .Level of stress reduction depends on
(1)
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specific mechanical component. © Copyright 2010 Catch the Wind, Inc. All rights reserved.
Field Trials
Nebraska Public Power District
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Field Trials
Nebraska Public Power District
Significant potential to boost wind farm IRRs by preventing or delaying replacement of mechanical
components
1 gearbox replacement ~$500,000
1 main bearing replacement ~$45,000
1 blade replacement ~$200,000
1 day (24 hrs) of downtime ~$1,200 - $2,400 in lost revenue per turbine
1 day crane rental ~$25,00 - 50,000
Source: SwanTech (independent 3rd party). Based on reduction in stress loading measured by Random Friction Index .Level of stress reduction depends on
(1)
Vindicator® LWS unit installed on an operating Gamesa G8X 2.0MW wind turbine
Gamesa, a worldwide leading wind turbine manufacturer based in Spain
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Collaborative Research Project
National Renewable Energy Laboratory (US Department of Energy)
US DOE has identified increased capacity factors and NREL’s National Wind Technology Center located just south
reduced O&M costs as key drivers of goal to reach 20% of Boulder, Colorado
Significant growth expected over next 5 years; however, in many regions, high potential resources have
already been developed
Vindicator® LWS brings previously marginal sites into an attractive region in terms of return profile
Typical wind farm IRRs range between 9 – 15%; Vindicator® LWS installation expected to add between 1 – 3 %(1)
Turbine manufacturers are transitioning towards building larger turbines for better economics
Vestas V112 3 MW and V120 4.5 MW, Nordex 5M W, Enercon 7.5 MW
As a fixed cost per turbine, Vindicator® LWS value proposition is highly leveraged to size of turbines
Increasing durability of mechanical components becomes more important in larger turbines
Renewable Energy Portfolio Standards are increasingly gaining prominence with Wind Energy as a key
feature
US Department of Energy has publicly stated a goal of 20% wind power by 2030
(1) Assumes 8-12% increase in power output, PPA price of $65-$80/MW, capacity factor 33%-37%, turbine size 1.5 - 3.0 MW 15
© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Industry Adoption
Building Momentum
OEM INTEGRATION
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
BP Wind Energy North America
Final Stage of Customer Validation
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
enXco
Final Stage of Customer Validation
Sales agreement signed with enXco in July 2010 with a provision for the
purchase of additional Vindicator® LWS upon successful performance
during evaluation period
enXco owns or operates more than 4000 MW of wind turbines
1,500 MW are currently off-warranty
~200 MW rolling off warranty each year
500 MW of renewable projects in development and construction each year
Single Vindicator® LWS unit purchased initially and already installed on a GE 1.5 MW
turbine
Upon successful completion of an evaluation period, enXco has agreed to purchase
additional units
Subsidiary of EDF Energies Nouvelles Company, one of the largest wind farm operators in
the world
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Sales Pipeline
Wind Turbine Owners and Operators
Initial Additional Contingent and/ Total Turbines
Customer Project Status
Units or Optioned Orders (Owned/Operated)*
NPPD Phase I Test Completed; Phase II In Progress 1 Y C
TransAlta Vindicator Installed & Collecting Data 2 Y A
BP Wind Energy Contract Signed 2 Y A
enXco / EDF Contract Signed 1 Y A
Global Renewable Energy Company Agreed to Terms in Principle 1 Y A
Mid-sized Canadian Utility Agreed to Terms in Principle 1 Y C
Emerging North American Operator Agreed to Terms in Principle 1 Y A
Leading Global Wind Farm Operator Agreed to Terms in Principle 1 Y A
Large North American Energy Company Negotiations Underway 1 Y B
Leading Renewable Energy Company Negotiations Underway 1 Y B
Canadian Renewable Energy Developer Negotiations Underway 1 Y B
Small Global Renewable Energy Developer Negotiations Underway 1 Y B
Total Units 14
Momentum from Operators and IPPs is Transla5ng into Serious Interest from Turbine
Manufacturers Looking for a Compe55ve Edge
Wind Turbine Manufacturers
Initial Annual Wind Turbine
Turbine Manufacturer Project Status
Units Production*
Leading Global OEM Sold 1 unit, Initial testing underway, Additional purchases expected early 2011 1 A
Gamesa Phase 1 test completed, Analyzing results 1 A
Leading Global OEM CTW facility visit, Strategic plan in progress 1 A
North American OEM Negotiating collaborative agreement B
European OEM Commercial negotiation in process 1 A
Large Global OEM Collaborating with CTW at customer site & potential others B
Total Units 4
*Wind Turbine Quantity Groups: Group A = 1000+ | Group B = 100-999 | Group C = 1-99 © Copyright 2010 Catch the Wind, Inc. All rights reserved.
Secondary Markets
General Corporate
$3.4 MM General corporate purposes
Purposes
Ongoing and projected field trials and
finalizing 3rd party validation
Technical Customer
$1.2 MM Initial sales require extensive involvement
Support
from Catch the Wind as unit is calibrated and
optimized for different turbines
Total $10.0 MM
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Technology Partner
Optical Air Data Systems, LLC
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Management Team
Phil Rogers Former Director of Special Projects, Lockheed Martin Skunk Works
President & CEO 21 years experience as a defense contractor for the US government
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Board of Directors
Alisa Rogers
Director Co-Founder of Catch the Wind, Inc. and President of Optical Air Data Systems
Aerospace engineer and former Project Manager at Lockheed Martin
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.
Catch the Wind
Market Information
Share Price
Current(1) $0.48
52 Week Low $0.37
52 Week High $3.00
Claudia Jaques
VP General Counsel
Catch the Wind, Inc.
cjaques@catchthewindinc.com
(703) 393-0754
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© Copyright 2010 Catch the Wind, Inc. All rights reserved.