Quote:
Originally Posted by timezone
True but unless they are a scam expect them to come through. They have raised over $200 million in financing and they built a state of the art manufacturing facility. They have shown a working model. They probably have to make sure they have the materials for mass production and can scale the production to produce large quantities with an acceptable failure rate. Maybe the biggest unknown is whether they can mass produce the product. With this financing and production investment I don't expect them to say never mind. This and other readers coming to market will force iRex to work harder. That is a good thing.
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I'm sure they're not a scam, but there are start up companies all the time that make press releases and bring in lots of investor money and end up failing or never bringing a product to market. Things like that probably happen every day. I usually keep that in mind when I'm reading about prototypes/etc. Some of them turn out to be great products, but a lot of others never go anywhere or when they do become available do not live up to all of the hype.
Agreed that competition is a good thing. It keeps companies innovating, keeps prices down... etc. IMO, just be a little skeptical until a new company actually has a product available for sale.