Xerox has announced that effective December 31, 2005,
Gyricon LCC, a spinoff of Xerox's Palo Alto Research Center (PARC), will terminate operations. From the Gyricon LLC website:
Effective Dec. 31, 2005, Xerox Corporation will terminate the operations of its wholly owned subsidiary, Gyricon LLC and will refocus its efforts in electronic paper technology through licensing of the underlying intellectual property.
Xerox will maintain ownership of all electronic paper intellectual property developed by Gyricon or Xerox and is currently working on related projects in re-imagable paper.
Gyricon produced and marketed a line of
SyncroSign message boards utilizing their
SmartPaper technology. According to
this article, Gyricon officials had previous predicted that the company could reach annual revenues of $100 Million while employing 500.
This news comes just as new products like the
iRex Iliad, which utilizes the competing
E-Ink technology, are about to come to market.
Source
Related: SyncroSign's Messenger gets wireless e-paper, iRex next-gen e-book reader based on e Ink