Catch the Wind Ltd. (Doing Business As BlueScout Technologies, Inc.) Announces New Stock Symbol as "SCT"
31 Luglio 2012 - 2:45PM
PR Newswire (Canada)
CHANTILLY, VA, Aug. 2, 2012 /CNW/ - Catch the Wind Ltd. , providers
of predictive Optical Control Systems (OCS) for optimized wind
energy generation and now operating through its wholly-owned
subsidiary as BlueScout Technologies, Inc. (formerly Catch the
Wind, Inc.), today announced that, effective at the opening of
trading Friday, August 3, 2012, its common shares will commence
trading under the new stock symbol "SCT" on the TSX Venture
Exchange. The change in stock symbol was made to reflect the
rebranding of the Company as BlueScout Technologies as announced on
August 1, 2012. The Company will seek the approval of
shareholders to change the name of the parent company to "BlueScout
Technologies Ltd." from "Catch the Wind Ltd." at the Company's
upcoming shareholders meeting to be held September 20, 2012. There
has been no change in the Company's CUSIP number and there have
been no changes to the Company's capital structure. About BlueScout
Technologies, Inc. (formerly known as Catch the Wind, Inc.)
BlueScout Technologies increases energy production and decreases
operating costs by applying groundbreaking microgeographical wind
flow sensing to turbine control systems that increases the
effectiveness and availability of wind turbines. BlueScout combines
precise, optically based wind forecasting with advanced predictive
control architectures to ready the turbine for the imminent wind
inflow changes - optimizing energy production and reducing the
harmful effects of wind turbulence on the turbine. With extensive
operating data on multiple wind turbine models, BlueScout is the
leading, value-added innovator in wind turbine performance and
optimization. The team consists of experienced high-tech, R&D
and manufacturing engineers; innovative entrepreneurs and proven
leaders. The BlueScout team has unique expertise and shares a
firm commitment, as part of the wind power industry, to
continuously improve the reliability of wind power generation
through innovation. For more information, visit www.BlueScout.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 BlueScout
Technologies. Any number of important factors could cause actual
results to differ materially from these forward-looking statements
as well as future results. Although BlueScout Technologies 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. BlueScout Technologies
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. BlueScout and the
BlueScout logo are trademarks of BlueScout Technologies, Inc. All
other trademarks are the property of their respective owners. Catch
the Wind Ltd. CONTACT: Please contact, BlueScout Technologies,
Inc.: John Green, CFO+1 703-956-6554 ext. 103jgreen@BlueScout.com
TMX EquicomLawrence Chamberlain, Investor Relations+1 416-815-0700
ext. 257lchamberlain@equicomgroup.comMedia:Micaela
Whalen+1.773.857.0725Micaela@ink-pr.com
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