David Savastano, Editor03.11.16
Start-up companies face a perilous journey toward success. A few make it, and some others are bought out. Still other companies run out of capital and time.
As a fledgling industry driven by innovative technologies, the flexible and printed electronics field has seen more than its share of well-funded start-ups that were forced to close their doors. Konarka may have been the costliest, but companies large and small alike have ceased their businesses while others move forward.
Cambrios Technologies is the latest company to have to end operations, with the announcement two weeks ago that the company executed a California Assignment for the Benefit of Creditors on February 22, 2016.
What that means is that Development Specialists, Inc. (DSI) will be selling off Cambrios’ assets, including its intellectual property (IP) consisting of approximately 80 patents and 200 patent applications, and production equipment, in order to pay back as much as they can to creditors.
Cambrios was progressing in the field of low cost transparent coating solutions made from silver nanowire technology. for roll-to-roll processing. ClearOhm, Cambrios’ main product, was being successfully utilized in touch screens, OLEDs and thin film photovoltaics. Its customers included Lenovo, Armor and crystalsol.
Steve Victor, a senior managing director of DSI, noted that the company tried unsuccessfully to find more financing.
In the announcement, Victor made an interesting observation. “Cambrios made a great go of it. Perhaps Cambrios’ product and processes were just ahead of their time,” he said.
In the end, sometimes it does not matter how good the technology is; when the money runs dry, the company is out of time.
As a fledgling industry driven by innovative technologies, the flexible and printed electronics field has seen more than its share of well-funded start-ups that were forced to close their doors. Konarka may have been the costliest, but companies large and small alike have ceased their businesses while others move forward.
Cambrios Technologies is the latest company to have to end operations, with the announcement two weeks ago that the company executed a California Assignment for the Benefit of Creditors on February 22, 2016.
What that means is that Development Specialists, Inc. (DSI) will be selling off Cambrios’ assets, including its intellectual property (IP) consisting of approximately 80 patents and 200 patent applications, and production equipment, in order to pay back as much as they can to creditors.
Cambrios was progressing in the field of low cost transparent coating solutions made from silver nanowire technology. for roll-to-roll processing. ClearOhm, Cambrios’ main product, was being successfully utilized in touch screens, OLEDs and thin film photovoltaics. Its customers included Lenovo, Armor and crystalsol.
Steve Victor, a senior managing director of DSI, noted that the company tried unsuccessfully to find more financing.
In the announcement, Victor made an interesting observation. “Cambrios made a great go of it. Perhaps Cambrios’ product and processes were just ahead of their time,” he said.
In the end, sometimes it does not matter how good the technology is; when the money runs dry, the company is out of time.