Polymer Vision, the company responsible for the Readius e-paper device first promised for the fall of 2008, has folded. The company had most recently announced that it required further funding in order to begin production; however it could not secure that in sufficient time, and called in receivers on July 7th.
From a concept unlikely to ever launch, to a product we should’ve seen on the market already: Polymer Vision’s Readius was promised for fall of 2008, but months later there’s no sign of the innovative folding e-paper device. According to CEO Karl McGoldrick, that’s because the company needs more money; he’s currently in talks with investors to refinance both the first Readius device and the in-development Readius 2.
Polymer Vision have confirmed that they’re on schedule to launch their Readius cellular-connected ebook reader in the Fall. In a post to their new company blog, CEO Karl McGoldrick also announced the launch of www.readius.com, the media and content portal that Readius users will be able to access free and subscription-based information.
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