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

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Navigant_id1983
Renewable NRG_id1934
Canwea_id1984