North American Windpower: BlueScout Technologies Makes Layoffs, Says 'Viability Dependent On Securing Capital'

BlueScout Technologies Makes Layoffs, Says 'Viability Dependent On Securing Capital'

by NAW Staff on Friday 04 January 2013

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.

Latest Top Stories

Study: How Northwest Wind Can Play With Energy Storage And Provide Operational Flexibility

Researchers have identified two possible sites in eastern Washington to build compressed-air energy-storage facilities that could temporarily store the Northwest’s abundant wind resources.

Wind Consortium Deploys Nacelle-Mounted LIDAR At Offshore Site In Irish Sea

In an important development for performance verification for offshore wind sites, a group of companies have deployed a nacelle-mounted LIDAR at DONG Energy's 367 MW Walney Wind Farm.

As U.S. DOJ Investigates, Duke Works Adaptive Management Plan

With previous golden eagle fatalities reported at two company-owned wind farms in Wyoming, Duke Energy Renewables is going to great lengths to protect raptors.

DOE To Recast Landmark 20% Wind Energy Report; Study Looks Back, Ahead

The U.S. Department of Energy will update its 20% Wind Energy By 2030 report, which indicated increased levels of wind penetration for the U.S. is not only possible but feasible.

Wind Energy Procurement Top Of Mind For Big-Name Companies

With greater frequency, top-tier companies are discovering the economic and environmental power of wind energy and upping their investments in the resource.