Turing Robotics, the force behind Turing phone has filed for a bankruptcy in Finland. The company which has started off as a promising brand by launching an ultra-secure smartphone in 2015 with Android 5.1 has soon taken a drastic turn and decided to settle down to Sailfish OS. After delaying the production of the phone, again and again, has finally filed for bankruptcy. The news came out first on February 3 from Finnish newspaper Salon Seudun Sanomat, who was closely following CEO Steve Syl Chao's progress in Salo, Finland where Turing rented an empty warehouse. The report from Salon Seudun Sanomat states that the creditors filed a claim with the company in 2017 and all of the company's movable property has been seized. [HTML1] However, CEO Chao has posted an update on the Facebook couple of days ago saying that filing was initiated to temporarily suspend the manufacturing intentions in Salo, and it doesn't mean that TRI is bankrupt. He further added that he will be posting the latest developments concerning the future of TRI in the coming Further to the initial report, Salon Seudun Sanomat in a fresh news earlier today claims that the Chao is very relentless about TRI not being in debt and not being able to move ...
Tuesday, 6 February 2018
Turing Robotics files for bankruptcy in Finland, CEO Syl Chao says company is not going out of business
Turing Robotics, the force behind Turing phone has filed for a bankruptcy in Finland. The company which has started off as a promising brand by launching an ultra-secure smartphone in 2015 with Android 5.1 has soon taken a drastic turn and decided to settle down to Sailfish OS. After delaying the production of the phone, again and again, has finally filed for bankruptcy. The news came out first on February 3 from Finnish newspaper Salon Seudun Sanomat, who was closely following CEO Steve Syl Chao's progress in Salo, Finland where Turing rented an empty warehouse. The report from Salon Seudun Sanomat states that the creditors filed a claim with the company in 2017 and all of the company's movable property has been seized. [HTML1] However, CEO Chao has posted an update on the Facebook couple of days ago saying that filing was initiated to temporarily suspend the manufacturing intentions in Salo, and it doesn't mean that TRI is bankrupt. He further added that he will be posting the latest developments concerning the future of TRI in the coming Further to the initial report, Salon Seudun Sanomat in a fresh news earlier today claims that the Chao is very relentless about TRI not being in debt and not being able to move ...
