The WindSentinel floating LiDAR platform was delivered ahead of schedule and EDPi will now use it to test and monitor the performance of their prototype floating wind turbine and contribute for the development of new methodologies for deep offshore resource assessment and also refine the wind estimate for this location.

September 23, 2014

AXYS Technologies Inc. (AXYS) is pleased to announce the WindSentinel
platform ordered by EDP Inovação (EDPi) under the European funded project,
DemoWFloat, has been deployed off the coast of Portugal near Viana do
Castelo. The WindSentinel floating LiDAR platform was delivered ahead of
schedule and EDPi will now use it to test and monitor the performance of
their prototype floating wind turbine and contribute for the development of
new methodologies for deep offshore resource assessment and also refine the
wind estimate for this location. Since deployment in late July, the
WindSentinel platform has experienced winds exceeding 20m/s as well as 8m
waves, and has operated with over 98% data availability.

The Demowfloat project is receiving funding from the European Union's
Seventh Programme for research, technological development and demonstration
under grant agreement No 296050. It aims at demonstrating the Windfloat
(floating Offshore wind turbine prototype) technology and gathers 13
entities of 6 different countries.

"We are very pleased to deploy the first European WindSentinel platform as
part our EU sponsored Demowfloat initiative," said Carlos Martin Rivals,
Director of Floating Offshore Wind at EDP. "Our selection was based on the
basis of AXYS' experience and capacity to adapt to our rigorous wind
measurement standards. The AXYS team has delivered the WindSentinel on time
and we look forward to continuing the good collaboration achieved so far."
"We are delighted to have deployed the first European WindSentinel with
EDPi," said Terry Tarle, AXYS President & CEO. "AXYS remains committed to
reducing the cost of offshore wind and will be running a campaign in
accordance with the Carbon Trust roadmap to validate the performance of
floating LiDAR within the next year."

About EDP Inovação
EDP Inovação, S.A provides engineering development and research services for
renewable power projects. The company was founded in 2006 and is based in
Portugal. EDP Inovação, S.A operates as a subsidiary of EDP-Energias de
Portugal, S.A.

About AXYS Technologies Inc. AXYS Technologies,
Inc. designs, manufactures, distributes and maintains remote environmental
data acquisition, processing and telemetry systems. For further information
contact AXYS at info@axys.com or visit
www.axystechnologies.com