BlueScout Enters Into Agreement with EDPR Renewables NA
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).
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.
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.
SOURCE: BlueScout TechnologiesFor further information:
BlueScout Technologies, Inc.
John E. Green
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416-815-0700 ext. 253