Turing Robotics files for bankruptcy, CEO assures company isn't finished


Back in mid-2015, Turing Robotics Industries unveiled its delightfully quirky debut smartphone, an encrypted Android device encased in colorful chrome. Though we cautioned that it could be delayed for a myriad of reasons that often plague small companies, we looked forward to their release in December...then delayed until early 2016...and long story short, it didn't ship at all. Now the company is filing for bankruptcy in Salo, Finland where it had rented a warehouse for manufacturing.

But not to worry, Turing Robotics CEO Steve Chao assured customers in a Facebook post: That doesn't mean the company is actually bankrupt. Finnish publication Salon Seudon Sanomat broke the news of the company's financial issues, reporting that creditors had filed a claim with Turing Robotics last year leading to the seizure of its movable property.

Whether that's true or not, the company has strung along customers for years, pivoting the phone to Sailfish OS in early 2016 and chasing news of more delays with promises for wildly better features in entirely new phones. But Chao isn't ready to give up: In a following report, he told Salon Seudon Sanomat that he's starting a new company in Salo with his old partners, and naming it Turing Robotic Industries Kepler.

Via: Android Police

Source: Salon Seudon Sanomat

via Engadget RSS Feed "http://ift.tt/2nKsP6j"

Comments

Post a Comment

Popular posts from this blog

Evernote cuts staff as user growth stalls

Image
Note-taking app Evernote has fallen on hard times of late, culminating in its latest spate of job cuts impacting 15 percent of its workforce (54 employees). CEO Chris O' Neil -- an ex-Googler who took the reins in 2015 -- announced the firings at an all-hands meeting earlier today, reports TechCrunch . In a message on the Evernote blog , O' Neill admitted he'd set "incredibly aggressive goals" for the company in 2018. He continued: "Going forward, we are streamlining certain functions, like sales, so we can continue to speed up and scale others, like product development and engineering." The layoffs follow an exec exodus just weeks ago and the company's recent brand refresh (complete with a refined logo and wordmark). But critics are more concerned about its product, especially the free tier, which they claim lacks the perks to...
Read more

The best air conditioner

Image
By Liam McCabe This post was done in partnership with Wirecutter . When readers choose to buy Wirecutter's independently chosen editorial picks, it may earn affiliate commissions that support its work. Read the full article here . After six summers of researching, testing, and recommending window air conditioners, we've learned that quiet and affordable ACs make most people the happiest—and we think the LG LW8016ER will fit the bill in most rooms. This 8,000 Btu unit cools as efficiently and effectively as any model with an equal Btu rating, and runs at a lower volume and deeper pitch than others at this price. Little extra features like a fresh-air vent, two-axis fan blades, and a removable drain plug help set it apart, too. The LG LW8016ER is a top choice for an office or den, and some people will find it quiet enough for a bedroom, too. If our main pic...
Read more

We won't see a 'universal' vape oil cartridge anytime soon

Image
Pre-loaded cartridges of cannabis concentrate are currently among the most popular means of consumption, and for good reason. They're discreet to use and easy to handle, a far cry from the dark days of 2016 when we had to dribble hash oil or load wax into narrow-mouthed vape pens by hand. But, frustratingly, an ever increasing number of oil cartridge manufacturers employ one-off design standards so that their products won't work with those of their competitors, thereby locking customers into proprietary ecosystems. We've already seen this with nicotine vaporizers -- which has a seen a massive rise in "pod systems" in the last few years, each outfitted with a unique canister and battery built to be incompatible with those of their competition. Is it too late for the burgeoning cannabis industry to set a universal standard for their product designs? ...
Read more