Save this content for laterSave this content on your device for later, even while offline Sign in with FacebookSign in with your Facebook account Close

Woodland Park's Sturman Industries lays off 13

By: WAYNE HEILMAN wayneh@gazette.com
May 8, 2013 Updated: May 8, 2013 at 3:20 pm
0
photo - Thursday, August 23, 2007-photo by Jerilee Bennett-Eddie and Carol Sturman are co-founder of Sturman Industries in Woodland Park. Sturman Industries designs diesel engines.
Thursday, August 23, 2007-photo by Jerilee Bennett-Eddie and Carol Sturman are co-founder of Sturman Industries in Woodland Park. Sturman Industries designs diesel engines. 

Woodland Park-based Sturman Industries laid off 13 of its employees, or about one-fourth of its staff, Wednesday as a result of delays in payment from a major customer stemming from a dispute, the company's president said.

Carol Sturman, co-owner and CEO of Sturman Industries, declined to identify the customer or the amount of the payment, but said it involved 'a significant amount of cash that is in dispute resolution. To bridge the gap (between revenue and expenses), we had to downsize because we have not received the funding they committed to. '

Sturman Industries has gained attention worldwide for its environmentally friendly digital engine system that is designed to reduce fuel consumption and emissions and increase vehicle performance, based on a digital valve co-founder Eddie Sturman developed for the National Aeronautics and Space Administration for the Apollo space program. U.S. Sen. Michael Bennet, D-Colo., toured the company's Woodland Park headquarters in 2011 and supported the company's bid for a still-to-be-awarded $5 million grant to build and calibrate a new engine that could be mass produced for commercial vehicles.

The layoff included engineers and administrative personnel, leaving the company with 33 to 35 employees and comes after Sturman Industries adopted a four-day work week to cut costs, Sturman said. The company laid off 16 employees in 2009 amid contract cutbacks related to financial problems in the auto industry.

Sturman Industries is trying to expand its reach into the natural gas-powered vehicle market by forming an advisory board earlier this year of natural gas suppliers, users and related organizations to promote commercial use of the company's technology by the natural gas industry, Carol Sturman said. Retail giant Wal-Mart has sent one of its natural gas-powered trucks to Sturman Industries to have its controls installed on the vehicle, a sign that interest is growing in the company's technology and the potential it holds, she said.

Carol Sturman said the company also hopes that the improving economy and real estate market will result in more interest by other companies to build facilities in Sturman Industries' 450-acre Innovation Park business campus on the west side of Woodland Park, which houses the company's headquarters.

-

Contact Wayne Heilman: 636-0234 Twitter @wayneheilman

Facebook Wayne Heilman

Register to the Colorado Springs Gazette
Incognito Mode Your browser is in Incognito mode

You vanished!

We welcome you to read all of our stories by signing into your account. If you don't have a subscription, please subscribe today for daily award winning journalism.

Register to the Colorado Springs Gazette
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Already a Subscriber? LOGIN HERE

Wake up with today's top stories in your inbox

Wake up with today's top stories in your inbox

Already a print subscriber?
Already a digital subscriber?
 
This is your last FREE article for the month
This is your last FREE article for the month

Subscribe now and enjoy Unlimited Digital Access to Gazette.com

Only 99 cents for Unlimited Digital Access for 1 month
Then $2.31/week, billed monthly, cancel anytime
Already a print subscriber?
Already a digital subscriber?

 
Subscribe to the Colorado Springs Gazette

It appears that you value local journalism. Thank you.

Subscribe today for unlimited digital access with 50% fewer ads for a faster browsing experience.

Subscribe to the Colorado Springs Gazette

Some news is free.
Exceptional journalism takes time, effort and your support.

Already a Subscriber? LOGIN HERE

articles remaining
×
Thank you for your interest in local journalism.
Gain unlimited access, 50% fewer ads and a faster browsing experience.