04-20-2009, 10:12 PM
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#1
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Addict
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Join Date: Feb 2009
Device: jetBook (RIP), Kobo Touch
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Readius stalls for lack of funding
Wired is reporting
Quote:
Polymer Vision, a a spin-off of electronics giant Phillips, needs a cash infusion to keep going, says CEO Karl McGoldrick.
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McGoldrick says he's talking to a few investors to refinance his venture and get new funding. And he's confident of closing a deal in the next few weeks.
"We are ready to go into production but all depends on exactly when the funding comes through," he says. "Our display is perfect and the device is solid."
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