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1 November, 2009 ©2009 Catch the Wind, Inc. Catch the Wind Making Wind Energy Profitable

Catch The Wind Investor Presentation November 2009

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Catch the Wind is focused on making renewable energy more profitable. The company provides wind sensing technology that accurately determines wind speed and direction, resulting in higher energy output and lower maintenance costs for wind farm operators and turbine manufacturers.

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Page 1: Catch The Wind Investor Presentation November 2009

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November, 2009

©2009 Catch the Wind, Inc.

Catch the WindMaking Wind Energy Profitable

Page 2: Catch The Wind Investor Presentation November 2009

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Forward-Looking Statements

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 “Risk Factors”. Although the forward-looking statements contained in this presentation are based upon what we believe are reasonable assumptions, neither we, nor the Underwriters, 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.

Page 3: Catch The Wind Investor Presentation November 2009

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Forward wind measurement technology

Focused on making renewable energy more profitable-Wind farm operators-Turbine OEMs

About Catch the Wind (TSX-V: CTW.S)3

We Make Wind Turbines Smarter

Page 4: Catch The Wind Investor Presentation November 2009

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Catch the Wind, Inc.

Spin-off of OADS

$15M Qualifying Transaction – Sept. ‘08

Experienced management team

Technology license for all commercial (non-aviation) applications

Optical Air Data Systems (OADS)

Established in 1990Industry leader in fiber-optic pulsed LIDAR technologySBIR Program Success StoryRoland Tibbetts Awardee -Top Small Business Defense ContractorManassas, VA Small Business of the Year 2007

4

Genesis of Catch the Wind4

Page 5: Catch The Wind Investor Presentation November 2009

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Technology Applications5

LidarTechnology

Military & avionics applications

Licensed to

All other commercial applications

Licensed* to

* Irrevocable, perpetual and transferable

Page 6: Catch The Wind Investor Presentation November 2009

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Aerospace TechnologyInitially Developed for Safety of Flight Critical Applications

Nacelle-Mounted Smart Turbine ControlVindicator® Laser Wind Sensor (LWS)

19 yearsin development

$70M+invested in R&D

Lightweight

Compact

Rugged 27patents

Page 7: Catch The Wind Investor Presentation November 2009

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Substantial Wind Energy Profit is Lost

0

7

50%Actual

efficiency

100% Available

wind energy

Page 8: Catch The Wind Investor Presentation November 2009

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Result: No lead time to adjust

8

Why? Current Turbine Controls are Reactive

Reactive

… but, here is where the wind is always shifting and gusting

Here is where wind

is measured today…

Page 9: Catch The Wind Investor Presentation November 2009

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Page 10: Catch The Wind Investor Presentation November 2009

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Reactive

10

See the Wind That’s Coming…

Here is where wind

is measured today…

Here is where we measure the wind

300 meters (20 seconds at 35 mph)

Proactive

Page 11: Catch The Wind Investor Presentation November 2009

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Accurately predicting windspeed and direction

1. Increased Power OutputYaw Improvement approximately 10%Pitch Improvement approximately 5%

2. Decreased Operating CostsCost decrease approximately 10%(from 30% less stress on blades and 10% less overall damage)

Forecast Benefits(National Renewable Energy Laboratory Studies)

Wind Power’s Holy Grail11

Page 12: Catch The Wind Investor Presentation November 2009

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Higher revenues- Increased production- Sale of Renewable Energy

Certificates (RECs)- Production Tax Credits (PTCs)- Higher capacity payments- Preferable external financing

terms; lower weighted average cost of capital (WACC)

12

We Make Wind Energy More Profitable 12

Reduced maintenance costs“Recent development of LIDAR systems promises large improvements in cost, compactness, and reliability so that it becomes viable to consider the deployment of such systems on large wind turbines. Potential advantages of this approach include increased turbine energy output and reduced turbine fatigue damage.”

NREL

Page 13: Catch The Wind Investor Presentation November 2009

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How We See the Wind…Laser Doppler Velocimetry (LDV)

300 meters (20 seconds at 35 mph)

We sense the color change and calculate wind speed and direction

1

3

4

Three laser beams

Vindicator® LWS commands optimal turbine alignment and blade pitch

2 Lasers reflect off dust particles in wind and change color

13

Page 14: Catch The Wind Investor Presentation November 2009

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Larger/heavierMoving partsInexpensive

Compact/lightweightNo Moving Parts/RuggedEconomical

Larger/heavierMoving partsApprox. $200,000 per unit

Not forward looking Measures up not forward

Forward-looking to 300 meters

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Conventional Anemometer ZephIR LIDAR Vindicator® Laser Wind Sensor

No Forward-Looking Competition14

Page 15: Catch The Wind Investor Presentation November 2009

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100 MWFARM

67 1.5-MW Turbines

Sample Financial Model*

Improving Economic Value15

Incremental NPV+1% Availability $1.9M-10k/WTG O&M $5.9M

Cost to Purchase $9.4MA/T Cost $5.6M

*Per AES Houston Wind Power 2009 | Based on $125K per unit + $15K retrofit kit Assumes 40% corporate tax rate

Page 16: Catch The Wind Investor Presentation November 2009

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Industry Validation – WEICan Phase 2

Based on Data collected Apr – June 2009Vindicator® and Wind Vane alternate control every 9 hrsVindicator® uses wind vane control algorithm - not optimizedVindicator shows increased power production

Power Production Comparison

0

10

20

30

40

50

5.5 6.5 7.5 8.5 9.5

Wind Speed (m/s)

Ave

rage

Pow

er (k

W)

Vindicator Contro l

Nacelle Wind Vane Contro l

REGION 2

REGION 3

Vindicator® LWS

Percentage Increase in Power Production

0

5

10

15

20

5.5 6.5 7.5 8.5 9.5Wind Speed (m/s)

% In

crea

se

REGION 2 REGION 3

Page 17: Catch The Wind Investor Presentation November 2009

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Industry Validation – Nebraska Power

Installed on Vestas V-82 #T22 in JuneIntegrated by CTW and DNV-GEC

Vindicator started controlling the wind turbine on July 8, 2009Control optimization in progress Data collected during AugustData shows significant increase in power

0 500 1000 15000

500

1000

1500

Time (Min)

Pow

er (K

W)

Average Active Power

T22T23T21

Page 18: Catch The Wind Investor Presentation November 2009

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Nebraska Power - Reduced Stress Loading

SWANTech stress wave analysis data taken before and after Vindicator® installation The Random Friction Index (RFI) for T-22 went from worst to best in the group Random and periodic friction decreased significantly on main shaft bearing on T-22All snapshot data show excellent trends

STRESS DATA CORRELATES DIRECTLY TO A PERIOD OF INCREASED WIND POWER OUTPUT FROM T-22

Page 19: Catch The Wind Investor Presentation November 2009

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*Large turbines, 1.0MW and above

Number of Turbines

Potential Vindicator®LWS sales*

Global installed based (2008) 80,500 $10.1 billionProjected installs (2009 – 2011) 30,000 $3.7 billion

Total market opportunity through 2011 $13.8 billion

*Based on $125,000 introductory sales price

Global Projected Demand:

500,000 turbines with 1.0 MW+ capacity by 2020

Large Addressable Market

Page 20: Catch The Wind Investor Presentation November 2009

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Market Sales Forecast

0

500

1000

1500

2000

2500

3000

3500

4000

2009 2010 2011 2012 2013 2014

WRA - Maritime

WRA - Terrestrial

RetrofitOEM

Number of Units

Unit sales forecast excludes additional product applications

Page 21: Catch The Wind Investor Presentation November 2009

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DevelopmentComplete

Value-Driving Milestones21

Q2 2008 WEICan Phase I Testing

Q3 2008 WEICan Phase II Testing

Q1 2009 Prototype ProductionFirst Commercial Sale to AXYS TechnologiesMaritime Application Licensing Agreement

Q2 2009 Control Systems Integration ProjectNebraska Public Power District Trial Program

Q3 2009 Helimax Trial ProgramNREL – US Department of Energy TestingGamesa Agreement - Trial ProgramBreconRidge – Contract Mfg Agreement

Q4 2009 Canadian Hydro Developers - Multiple Unit Testing Gamesa Trial Program

Q1 2010 Vindicator® LWS Contract Manufacturing

Page 22: Catch The Wind Investor Presentation November 2009

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Major Trial Programs22

• Multi-unit testing• Direct side-by-side comparison with non-

Vindicator® mounted turbines• First trial program with OEM• Gamesa G8X 2.0 MW• Integrates Vindicator® LWS with turbine

control• Cooperative Research and Development

Agreement• Primary research lab of U.S. DOE• 3-year program to develop new

advanced smart turbine control systems

Page 23: Catch The Wind Investor Presentation November 2009

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Vindicator® LWS for Grid Control

Positioning to be required equipment to connect to the grid

Page 24: Catch The Wind Investor Presentation November 2009

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Management Team

Phil Rogers- President & CEO/Director

21 years experience as successful small business defense contractor; Former director of Special Projects, Lockheed Skunk Works

David Samuels- CFO/Director

Extensive public company CFO and capital raising experience;Significant experience with emerging growth technology companies

Claudia Jaques- VP General Counsel

5 years Associate General Counsel - Corporate Securities, Freddie Mac;8 years experience with large law firm – corporate & securities

William Fetzer- VP Business Development

3 years Business Development Director10 years as President of Strategic Business Management Company

Daniel Lacroix- VP Manufacturing

Designed state of the art, world class Fiber Optical Manufacturing Facility20 years high technology manufacturing experience

Page 25: Catch The Wind Investor Presentation November 2009

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Board of Directors

David Garman• Former U.S. Under Secretary of Energy• Assistant Secretary for Energy Efficiency

and Renewable Energy.

Alisa Rogers

Phil Rogers• President and CEO of Catch the Wind, Inc.• 20 years experience as successful small

business defense contractor• Former director of Special Projects, Lockheed

Skunk Works

• Co-founder and President of OADS, LLC

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David Samuels• Extensive public company CFO and

capital markets experience• Significant experience with emerging

growth technology companies

• Co-founder Bayview Public Ventures• Extensive GreenTech experience• Private Equity Investor

Richard McGraw Addition of Two Wind Industry Executives

Page 26: Catch The Wind Investor Presentation November 2009

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Financing History

Sept. 2008 May 2009

$21.8 Million CDNPrivate Placement16.7 million shares issued ($1.30)Significant Price Premium

$15 Million CDNQualifying Transaction11.5 million shares issued ($1.30)

Page 27: Catch The Wind Investor Presentation November 2009

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Manufacturing Resources

Manufacturing Resources

MaterialsMaterials

G&A

G&ACAPEX

CAPEX

Q1 09 Q2 09Cash position at June 30 was $19MRamp-up period – new hires, business developmentBeta units currently manufactured by handBurn expected to decline by year-end due to low fixed cost structure

$1.3M$1.2 M

Average ‘Burn Rate’ per Month

Working Capital Usage

Page 28: Catch The Wind Investor Presentation November 2009

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Market Sales Forecast

0

500

1000

1500

2000

2500

3000

3500

4000

2009 2010 2011 2012 2013 2014

WRA - Maritime

WRA - Terrestrial

RetrofitOEM

Number of Units

Unit sales forecast excludes additional product applications

Page 29: Catch The Wind Investor Presentation November 2009

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Equity Market Information

Ticker Symbol: CTW.S – V52-Week Range: $0.50 - $2.00Shares Outstanding: 54.9 MillionFully Diluted: 60.1 MillionMarket Capitalization: ~$100 MillionHolders: Insiders 46%

Institutional 46%Retail 8%

Page 30: Catch The Wind Investor Presentation November 2009

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Liquidity Initiatives

Analyst CoverageNBF Rupert Merer; RCC Matt GowingExpansion of sell-side analyst coverage

Focus on retail investorsInvestor meetingsAdd-on to equity raise

Broaden US Investor BaseFirst round “.S” restriction expiredSecond round “.S” restriction expires May 2010Potential for future US SEC registration

Page 31: Catch The Wind Investor Presentation November 2009

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Investment Summary

Additive technology focused on making wind energy more profitableVindicator® LWS is based on proven technology

No competitionSignificant existing market with enormous upside potentialMultiple sales channels

Essential for “Grid Control”Extensive patent portfolio; high barriers to entryNon-capital intensive businessExperienced management team delivering on milestones

Page 32: Catch The Wind Investor Presentation November 2009

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Investor Contacts:David Samuels, CFOCatch the [email protected](703) 393-0754 ext.107

Joe RacanelliEquicom [email protected](416) 815-0700 ext. 243