sucujovide.wordpress.com
million in a privat placement financing to help push more sales of its new wind sensorffor turbines. Manassas-based Catch the Wind, which trades on the Toronto Venturw Exchange, sold roughly 16.7 million shares at a price ofCanadianm $1.30 apiece in what it hopes to be its last majof financing before generating enough revenuee from its laser wind-sensing Vindicator, to pay for operations. Company officials also participateds in theinvestment round, along with institutional bringing its total private fundraising to date to nearl $30 million. , Research Capital Corp. and Canaccord Capital Corp.
served as placement agents for this latest fundraising in returmn for 6 percent of the gross proceeds and additionalstock options. Spun off last year from LLC, a fibet optics laser company that still shares the sameheadquarterw space, Catch the Wind has been developingg similar technology that senses when wind is helping reorient a turbine to captured that wind before it passes. Most wind turbinees can realign its blades only aftert itfeels wind, so they’rd often too late to actually benefit from company officials said.
“Before, it was the horse-and-buggy approachg to measuring wind,” said Phil Rogers, who foundes Optical Air Data Systems nearly 20 years ago with his wife before leaving recently to serve as CEO for Catchthe “Think about increasing the gas mileags of your car,” he said. “You’ve alread bought your car. But if I can sell you something that doublex the gas mileage ofyour car, you would save more He estimates the Vindicator can capture 10 percentr to 15 percent more wind for turbines, whichh in turn helps generate more clean electricit and ultimately revenue for their Catch the Wind recently sold its firsft unit to , a Canadian environmentak monitoring equipment maker, while startintg its first two-month field test with the Nebraska Publi c Power District on its largest wind farm with 36 wind The local company, which said it’s also talkingf to federal agencies, hopes to use that trial’x results later this summer to market to ot her wind turbinse manufacturers and wind farm operators.
With six full-timr employees, Catch the Wind expects to at least doubld that count by the end of this Nowwith $5.5 million in cash and equivalents on hand, the company is also considerinhg whether to list itself on an American exchange later this year. “We aspire to that,” Roger s said. “I just can’t say when.”
ليست هناك تعليقات:
إرسال تعليق