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OpenPandora dissolved, as company runs out of money
OpenPandora dissolved, as company runs out of money
November 18, 2013 | By Mike Rose

November 18, 2013 | By Mike Rose
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More: Console/PC, Business/Marketing



It came to light over the weekend that OpenPandora, the manufacturer best known for its open source Pandora handheld games console, has run out of money and has subsequently applied for the company to be disbanded.

OpenPandora first started building its Pandora handheld machines around 7 years ago. The Pandora was quite ahead of its time, a sort of games console crossed with a notebook-style computer, and shipped around 5,000 units to consumers.

As the years went by, however, the team faced numerous problems, such as manufacturing defects and the intermittent failure of LCD cables, which led to drastic losses.

Now the company has been forced to admit that it "has no assets of any significant value," in an email sent out to people who preordered the Pandora over the years.

"There is no money to pay for liquidation (it would require around 4000) and since no one has applied to liquidate us it is with regret that we have had to take this action," reads the statement.

As a result, it's looking unlikely that those people who pre-ordered the handheld years ago are going to receive the hardware anytime soon, nor will they be getting their money back.

However, OpenPandora Germany will apparently continue to trade, and the company advises customers who are still waiting on hardware to try getting in contact with the German branch instead.


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