Friday, November 8, 2013

PixelOptics Files for Chapter 7

"PixelOptics...filed Monday for Chapter 7 bankruptcy, according to filings with the U.S. Bankruptcy Court for the District of Delaware," reports Midwest Lens. "The company released a statement Monday, saying it was 'closing its doors and filing Chapter 7'...The Chapter 7 filing reported that 'assets are primarily intellectual property, with unknown value.' The company’s statement reported that PixelOptics 'amassed an intellectual property portfolio of over 400 patents and patent applications pending around the world' and said it 'anticipates interest in its assets following the filing.'" Read more.

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