Bluescout in Pact w/ EDPR Renewables Still nothing big, but could help if results are good...
CHANTILLY, VA, Oct. 17, 2012 /CNW/ - BlueScout Technologies(TSXV: SCT)
providers of the BlueScout OCS-210 for optimized wind energy generation, has
entered into a trial program with EDP Renewables North America (EDPR NA) to
demonstrate the performance improvement of two EDPR NA turbines under the
operational control of the OCS-210 wind turbine control system. The program is
scheduled to begin in the fourth quarter of calendar 2012.
"This agreement with EDPR NA, a major player in world-wide renewable wind
energy, continues our market expansion. Our discussions with EDPR are focused
upon real world data, on how our advanced turbine control system improves the
output performance of modern, utility scale wind turbines," said Jo Major,
President and CEO of BlueScout Technologies, Inc. "With over a quarter million
operational hours, and a growing deployed population, optical control is
becoming an economic reality. Turbines under OCS-210 control produce more
power, are less noisy in their power output, and reduce turbine stress."
An EDPR NA spokesperson stated: "This project will provide EDPR with a good
opportunity to evaluate how optical wind sensing can make a difference in its
wind energy operations. EDPR continually seeks out advanced technologies to
improve its capability to efficiently extract clean, renewable energy from the
wind and provide customers and investors with increased economic value."
About EDPR NA
EDP Renewables North America LLC ("EDPR NA") and its subsidiaries develop,
construct, own and operate wind farms throughout North America. Based in
Houston, Texas with 28 wind farms and 10 offices across the United States and
Canada, EDPR NA has developed more than 3,800 megawatts (MW) and operates over
3,600 MW of wind farms. With approximately 300 employees, EDPR NA's highly
qualified team has a proven capacity to execute projects and achieve goals.
EDPR NA is owned by EDP Renováveis, S.A. ("EDP Renewables" or "EDPR"), a
global leader in the renewable energy sector that develops, constructs, owns
and operates renewable generation facilities. With a sound development
pipeline, first class assets and market-leading operating capacity, EDPR has
grown extensively in recent years. The company's long-term growth is driven by
favorable renewable energy market conditions. EDPR is committed to renewable
energy generation as it becomes increasingly reliable and competitive due to
technological advancements that lead to greater efficiencies. The company
operates in the most attractive markets, continuously expanding to new areas
of the world. EDPR is currently present in the United States, Spain, Belgium,
Brazil, Canada, France, Italy, Poland, Portugal, Romania, and the United
Kingdom. EDPR is listed on the Euronext Lisbon Stock Exchange (NYSE Euronext:
EDPR).
About BlueScout BlueScout Technologies(TSXV: SCT) increases energy production
and decreases operating costs by applying groundbreaking microgeographical
wind flow sensing to turbine control systems that increases the effectiveness
and availability of wind turbines. BlueScout combines precise, optically based
wind forecasting with advanced predictive control architectures to ready the
turbine for the imminent wind inflow changes - optimizing energy production
and reducing the harmful effects of wind turbulence on the turbine. With
extensive operating data on multiple wind turbine models, BlueScout is the
leading, value-added innovator in wind turbine performance and optimization.
The team consists of experienced high-tech, R&D and manufacturing engineers,
innovative entrepreneurs, and proven leaders. The BlueScout team has unique
expertise and shares a firm commitment, as part of the wind power industry, to
continuously improve the reliability of wind power generation through
innovation. For more information, visit www.BlueScout.com.
Forward-Looking Information
This news release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements involve risks,
uncertainties and other factors that could cause actual results, performance,
prospects and opportunities to differ materially from those expressed in such
forward-looking statements. Forward-looking statements in this news release,
include, but are not limited to, economic performance and future plans and
objectives of BlueScout Technologies. Any number of important factors could
cause actual results to differ materially from these forward-looking
statements as well as future results. Although BlueScout believes that the
assumptions and factors used in making the forward-looking statements are
reasonable, undue reliance should not be placed on these statements, which
only apply as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed timeframes or at all. BlueScout
Technologies disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information, future
events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
BlueScout Technologies, Inc. John E. Green CFO & Treasurer +1 703-956-6554
jgreen@BlueScout.com
TMX Equicom Philip Dale Investor Relations 416-815-0700 ext. 253
pdale@tmxequicom.com
SOURCE: BlueScout Technologies
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CO: BlueScout Technologies
ST: Virginia
NI: ENV ORDER