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bluescout technologies ltd (SCT) Details

BlueScout Technologies Ltd. develops, manufactures, and sells products based on Laser Doppler Velocimetry wind-sensing technology in the United States. It offers BlueScout OCS-210 optical control system, a wind turbine control system that measures wind speed and direction in the approaching freestream inflow ahead of the turbine, and applies predictive control architectures to increase energy production and reduce harmful effects of wind turbulence on critical wind turbine components; and BlueScout OWS-150 optical wind sensor, a wind assessment tool for wind prospecting, wind resource assessment, and wind turbine performance assessment. The company was formerly known as Catch the Wind Ltd. and changed its name to BlueScout Technologies Ltd. in November 2012. The company was founded in 2008 and is headquartered in Chantilly, Virginia. On January 23, 2013, BlueScout Technologies Ltd. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the District of Delaware.

Founded in 2008

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bluescout technologies ltd (SCT) Key Developments

BlueScout Technologies To Transfer From Tier 2 To NEX

In accordance with TSX Venture Policy 2.5, the BlueScout Technologies Ltd. has not maintained the requirements for a TSX Venture Tier 2 company. Therefore, effective on, July 5, 2013, the Company's listing will transfer to NEX, the Company's Tier classification will change from Tier 2 to NEX, and the Filing and Service Office will change from Toronto to NEX.

BlueScout Technologies Ltd. Announces Management Changes

BlueScout Technologies Ltd. announced that Susan Nickey, Martin Crotty and David Garman have resigned as directors of the company, and John Green has resigned as the Chief Financial Officer of the company.

BlueScout Technologies to Shed Nine Jobs

BlueScout Technologies announced that it would shed nine jobs as part of efforts to preserve cash amid a decline in its daily operations. The cost-cutting measures are a response to the rising costs related to the company's defence against a series of legal actions by former founder and chief executive Phil Rogers, his wife Alisa and their company Optical Air Data Systems LLC.

 

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