in News Departments > FYI
print the content item

Chantilly, Va.-based BlueScout Technologies (formerly Catch the Wind), a provider of predictive optical control systems for the wind energy industry, says it has laid off nine employees in order to conserve capital.

BlueScout says that although it has not paid out any damages related to legal disputes, the increasing cost of defending against multiple legal actions by the company's founder and former CEO and his wife, Phil and Alisa Rogers, and their company, Optical Air Data Systems LLC, has severely impacted the company's cashflow and operations.

BlueScout says its viability and ability to continue to operate is dependent on securing additional capital and that it continues to actively seek to raise additional capital through debt, equity or other capital-raising efforts while also considering other strategic alternatives.



Trachte Inc._id1770
Latest Top Stories

Yearly Installed Capacity Figures Already Beat 2013 Numbers, More Wind On The Way: AWEA

While the American Wind Energy Association (AWEA) lobbies Congress to extend the production tax credit, the association notes wind projects now under construction signal a vibrant 2015.


Yahoo Inks Contract To Buy Kansas Wind Power

The Internet company plans to log in to the Alexander wind project, which is being built by community developer OwnEnergy.


Could Initial Offshore Wind Projects Crash New England's REC Market?

Some are concerned that the first offshore wind projects could negatively impact pricing of renewable energy credits (RECs) in New England.


Catching Up With The DOE's Down-Select Offshore Winners

The three recipients of key U.S. Department of Energy (DOE) funding provide updates on their offshore wind demonstration projects.


Texas Comptroller Attacks Wind Power, And Industry Fights Back

Texas Comptroller Susan Combs recently released a report calling for an end to wind power subsidies. The Wind Coalition has responded, saying the report is riddled with misinformation.

Canwea_id1984
Renewable NRG_id1934