Volga | Finance, business | Technology & innovation

DisplAir ditches airborne display production idea, opts for technology licensing

20 Jan '14
DisplAir, the inventor of an interactive airborne display with full-scale multi-touch support based in Astrakhan, in the Lower Volga, has decided to scrap its old display production strategy and move to licensing its own technologies to other companies, innovation news portal Venture Business News reported.

It was reported last week that Maxim Kamanin, the founder and CEO of DisplAir, had announced during the CES-2014 show that was held on January 7-10 in Las Vegas that he would shut down the company. He then explained that their flagship product was not yet ready for serial production; with excessive expenses the company was operating in the red; and additional investment was required to go forward.

As was aired most recently, an unaffordable level of expenses required to set up shop has prompted the Astrakhan developer to opt for an effort to improve the technology and start licensing it for use by other companies in their consumer products. In this new strategy, DisplAir is closing its office in Astrakhan, leaving only its R&D department to go on with the project.

The board of directors fully supports the companys new strategy and is ready to render as much assistance as needed to keep it going, said Alexander Chachava, a managing partner at LETA Capital, a Russian VC fund, and board member at DisplAir.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations: Astrakhan

Tags: DisplAir (4) / technology (259) / licensing (2) / Maxim Kamanin (0) /

Latest News: Volga
1 Dec '21 | Industry, manufacturing | Technology & innovation
26 Nov '21 | Technology & innovation
25 Nov '21 | Technology & innovation
 

Feature stories

27 Dec '21
An innovative hybrid plate for cranial defects...
24 Nov '21
Cerebral vascular disorders are responsible for a...
8 Oct '21
Chemists at the St. Petersburg State University...
Search (News archive - 22902)
Technology Scouting Solutions For Industry
NATT
Advertising
Marchmont News

Latest News

18 Jan '22
A scientific team in the West Urals has come up with...
14 Jan '22
A new device, developed by a Russian start-up and...
13 Jan '22
In Rostov-on-Don, scientists have developed novel...

Most read stories from last week

18 Jan '22
A scientific team in the West Urals has come up with...