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

NAW Staff, Friday 04 January 2013 - 12:12:22

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.




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