Archive for the ‘irex bankruptcy’ tag
iRex Redux no comments
Dutch newspaper website fd.nl is reporting that iRex has secured financing and will be reborn as IRX Innovations.
The new company will focus on the business market rather than on consumers and will license out its proprietary technology.
Irex filed for bankruptcy in June. The 24 employees in Eindhoven iRex will reportedly be keeping their jobs with the new company. Hopefully this means that we will see work continue on the firmware for the iRex ereaders already sold.
(via The Digital Reader)
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Irex Files For Bankruptcy no comments
Irex has filed for bankruptcy in Netherlands. Irex CEO Hans Brons blames the company’s financial straits on disappointing sales in the US due to not being able to release the DR800SG ereader in the US in time for the 2009 holiday season. Brons says that this happened because of delays in getting FCC approval of the device.
It is possible that Irex may be able to come back, but Brons says that the company is out of cash and credit is still very tight in the current global economic climate.
As an owner of a DR800SG this is sad news. I really like the display of this ereader and the 8-inch screen format. Obviously if it breaks there will probably be no repairing it. I imagine that the Verizon powered connection to Barnes & Noble will disappear as well. At least Irex got the firmware update out before this happened.
(Sources: fd.nl via eReaders.nl via MobleRead Forums)
