iRex Technologies, maker of the illiad eBook reader, has filed for bankruptcy in the Netherlands. From SlashGear- “The life of iRex Technologies‘ DR-800SG and iRex 1000S is a fascinating story, for sure. We watched as it released one thing, fought to release another, and then slipped out of the mind’s eye for months. Even with the fact that Best Buy started selling the DR-800SG online back in February, it doesn’t look like the company has any good news to report. On Tuesday, iRex Technologies was forced to file for bankruptcy in the Netherlands.
According to the company’s CEO, Hans Brons, the company was forced to file for Chapter 11 due to “financial difficulties.” We know that if you promise a product for a holiday release and don’t deliver, bad things can happen. But, to think that missing the launch window by a few months meant the demise of a company, well that’s simply staggering…”
I’m sorry to hear that. I’m very fond of my irex Iliad, nothing comes close to e-ink for ebooks. It’s an expensive niche product though and these are tough times.
Shame too.
This is a real bummer.
We need these kind of small companies to keep the likes of Apple and Amazon honest!