iRex Technologies files for Chapter 11

wdejager · 06-09-2010, 02:23 PM

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

Teddman · 06-09-2010, 02:41 PM

Wow, that's sad. Good thing for 800SG owners that they got that firmware update out already.

Gwaihir · 06-09-2010, 03:09 PM

The 2.0RC1 for the DR1000 has been removed from the iRex blog the used for distribution. Were there serious problems with it? If not, is there some other way we can share it?

Edit:
Just found in another thread that only the blog posting is gone. The dowloads are still there: http://updates.irexnet.com/beta/dr1000s/

luqmaninbmore · 06-09-2010, 03:24 PM

Does this mean that the wireless connection on the DR800SG will no longer function? It is iRex paying the bills, correct?

Dellaster · 06-09-2010, 04:50 PM

Quote:

Originally Posted by luqmaninbmore

Does this mean that the wireless connection on the DR800SG will no longer function? It is iRex paying the bills, correct?

That's a very good question.

This is very sad news. I sure didn't see it coming.

alism · 06-09-2010, 05:12 PM

Irex was removed from best buy online store in the past week. I had been looking to see if it would go on sale the last few weeks since Sony and Nook have been on sale but about a week ago it disappeared.

Logseman · 06-09-2010, 05:15 PM

iRex is an example of an upstart which couldn't adapt itself to the changes. Right now, big eInk screens are poorly valued by markets. However, they must be thanked for bringing great readers to people.

zacitana · 06-09-2010, 05:31 PM

i honestly hope they'll pull through... i'm no expert in business or technology, but i like my dr800 very much and was looking forward to new stuff from iRex

junkyardwillie · 06-09-2010, 06:08 PM

Hopefully they just restructure the company and continue on, there's a huge credit crunch for businesses still even though the news likes to act like we are in a big recovery. Filing for bankruptcy might give them the flexibility in their debt structures to continue on, I don't know what their capital structure looked like. By far they did have the best Eink screens I always thought.

SelinaK · 06-09-2010, 06:09 PM

I'd say they aimed too high... Big screens, big prices - I always wanted a bigger screen reader, but iRexes were always so overpriced. Normal people want normal priced gadgets.

Mach1.9pants · 06-09-2010, 06:20 PM

Very sad, I love my iRex. But it is showing it's age now, very slow and buggy. The BETA firmware is a speed improvement but I guess that is the last firmware we get.

Ah well hopefully only a few months to my Adam is at my door!

=X= · 06-09-2010, 06:24 PM

This is sad news, I really liked the iRex, but thought it was too expensive.

kjk · 06-09-2010, 06:33 PM

Is Chapter 11 the same thing in the Netherlands as it is in the States? Chapter 11 means you have time to re-organize/re-group (i.e. protection from creditors) while Chapter 7 is basically last one to leave, turn off the lights? Or did they file for Chapter 11 protection here in the States?

rhari79 · 06-09-2010, 07:09 PM

I have been a critic of Irex. But it was hoping for improvement, because i like their readers.
I did consider buying a DR800S(G), but for one it was frequently not available for shipping and other..i have an iliad-be and it was not enough for reading tech books.

I am still willing to buy the DR1000S as its still currently the best reader by miles for reading technical books.
However the price will surely cause me to file for my chapter 1-100

IRex can give the same functionality (and fragility..thats the critic in me) at a lesser price too.

Hope they pull through and make their devices competitive...Good Luck IREX..

oncdoc · 06-09-2010, 08:39 PM

any close out sales?

06-09-2010, 02:23 PM	#1
wdejager Junior Member Posts: 5 Karma: 10 Join Date: Dec 2009 Device: iPhone, Cybook	iRex Technologies files for Chapter 11 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

06-09-2010, 03:09 PM	#3
Gwaihir The Windlord Posts: 119 Karma: 10 Join Date: Jun 2009 Location: Netherlands Device: iRex DR1000S, BeBook Club S	The 2.0RC1 for the DR1000 has been removed from the iRex blog the used for distribution. Were there serious problems with it? If not, is there some other way we can share it? Edit: Just found in another thread that only the blog posting is gone. The dowloads are still there: http://updates.irexnet.com/beta/dr1000s/ Last edited by Gwaihir; 06-09-2010 at 03:18 PM.

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06-09-2010, 02:41 PM	#2
Teddman Addict Posts: 242 Karma: 695 Join Date: Jun 2009 Device: Sony PRS-505	Wow, that's sad. Good thing for 800SG owners that they got that firmware update out already.

06-09-2010, 03:24 PM	#4
luqmaninbmore Da'i Posts: 1,144 Karma: 1217499 Join Date: Oct 2008 Location: Baltimore Device: Toshiba Thrive, Kobo Touch, Kindle 1, Aluratek Libre, T-Mobile Comet	Does this mean that the wireless connection on the DR800SG will no longer function? It is iRex paying the bills, correct?

06-09-2010, 05:12 PM	#6
alism Connoisseur Posts: 57 Karma: 1055730 Join Date: Oct 2009 Device: Aura HD, Kindle 3, KPW,	Irex was removed from best buy online store in the past week. I had been looking to see if it would go on sale the last few weeks since Sony and Nook have been on sale but about a week ago it disappeared.

06-09-2010, 05:15 PM	#7
Logseman Orisa Posts: 2,000 Karma: 1035571 Join Date: Feb 2010 Location: Ireland Device: Onyx Poke 5	iRex is an example of an upstart which couldn't adapt itself to the changes. Right now, big eInk screens are poorly valued by markets. However, they must be thanked for bringing great readers to people.

06-09-2010, 05:31 PM	#8
zacitana a happy reader Posts: 36 Karma: 76 Join Date: Apr 2009 Device: iRex DR800S :))	i honestly hope they'll pull through... i'm no expert in business or technology, but i like my dr800 very much and was looking forward to new stuff from iRex

06-09-2010, 06:08 PM	#9
junkyardwillie Addict Posts: 316 Karma: 570 Join Date: Apr 2008 Device: Onyx Note Pro, Kobo H20 and iPad	Hopefully they just restructure the company and continue on, there's a huge credit crunch for businesses still even though the news likes to act like we are in a big recovery. Filing for bankruptcy might give them the flexibility in their debt structures to continue on, I don't know what their capital structure looked like. By far they did have the best Eink screens I always thought.

06-09-2010, 06:09 PM	#10
SelinaK Junior Member Posts: 8 Karma: 10 Join Date: Apr 2008 Location: Czech Republic Device: going to get a Pocketbook 301+ soon	I'd say they aimed too high... Big screens, big prices - I always wanted a bigger screen reader, but iRexes were always so overpriced. Normal people want normal priced gadgets.

06-09-2010, 06:20 PM	#11
Mach1.9pants Member Posts: 21 Karma: 112 Join Date: Apr 2009 Device: DR1000S	Very sad, I love my iRex. But it is showing it's age now, very slow and buggy. The BETA firmware is a speed improvement but I guess that is the last firmware we get. Ah well hopefully only a few months to my Adam is at my door!

06-09-2010, 06:24 PM	#12
=X= Wizard Posts: 3,671 Karma: 12205348 Join Date: Mar 2008 Device: Galaxy S, Nook w/CM7	This is sad news, I really liked the iRex, but thought it was too expensive.

06-09-2010, 06:33 PM	#13
kjk . Posts: 3,408 Karma: 5647231 Join Date: Oct 2008 Device: never enough	Is Chapter 11 the same thing in the Netherlands as it is in the States? Chapter 11 means you have time to re-organize/re-group (i.e. protection from creditors) while Chapter 7 is basically last one to leave, turn off the lights? Or did they file for Chapter 11 protection here in the States?

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06-09-2010, 07:09 PM	#14
rhari79 Addict Posts: 375 Karma: 2200000 Join Date: Feb 2009 Location: Chennai Device: .*	I have been a critic of Irex. But it was hoping for improvement, because i like their readers. I did consider buying a DR800S(G), but for one it was frequently not available for shipping and other..i have an iliad-be and it was not enough for reading tech books. I am still willing to buy the DR1000S as its still currently the best reader by miles for reading technical books. However the price will surely cause me to file for my chapter 1-100 IRex can give the same functionality (and fragility..thats the critic in me) at a lesser price too. Hope they pull through and make their devices competitive...Good Luck IREX..

06-09-2010, 08:39 PM	#15
oncdoc Addict Posts: 299 Karma: 300 Join Date: May 2009 Device: kindle, pocket pro	any close out sales?