The Netherlands-based company iRex Technologies deals with financial difficulties and has filed for chapter 11, stated iRex-ceo Hans Brons today. The much-anticipated DR800 was delayed due too FCC procedures and hence iRex missed the all-important Christmas shopping season. That was a direct cause of the financial problems.
It is not clear yet whether iRex, inventor of eInk technology and one of the first producers of e-reading devices, will resume business later on, or that the company will file for bankruptcy. "The expectations are still positive", according to Mr. Brons.
Source:
eReaders.nl