Posts Tagged ‘company’

The company behind Candy Crush withdraws US trademark application for ‘candy’

A few weeks ago, a group of game developers launched Candy Jam in protest of Candy Crush maker King’s attempt to trademark ‘candy.’ The result? A barrage of rage inspired confectionary-themed titles were submitted to Apple’s App Store. Well, it seems…

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Major Bitcoin company releases open source library to make it easier to build Bitcoin apps

Bitcoin, the virtual currency that approximates cash on the internet, has been around for five years now, and its popularity has soared. But although its reach has spread beyond the initial circle of very technical, very insider-y circle of cryptographers and programmers, its audience is still largely restricted to people who are at least a little bit nerdy. Ask any Bitcoin enthusiast what’s the biggest obstacle to the currency becoming mainstream, and they’ll tell you the same thing: it’s hard to use.

BitPay, a major Bitcoin payments processor, just launched a project that will help do just that. The company has released Bitcore, an open source Javascript library that will make it easier for developers to build apps and tools for…

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Meet PlayFresco, The Palestinian Hardware Battlefield Company That Couldn’t Make It To The U.S.

Screen Shot 2014-01-10 at 6.27.45 AM

When we began our planning we initially invited 15 finalists from 11 countries onto our TC Hardware Battlefield stage. One company couldn’t make it. They were PlayFresco, a team of engineers and hobbyists working on some amazing wireless motion interaction technology. Sadly, they couldn’t get a visa to the U.S., forcing them to drop out of our compeition.

Created by Feras Abed-Alhaq, Monier Aghbar, and Sudqey Dwikat, the system allows you to add motion control to any laptop without visible tracking hardware. Kids can use any round object as a steering wheel, for example, and you can wave things in front of the computer to use them as pointers. Like Leap Motion it can sense your hands in space next to and around a computer but unlike Leap it uses magnetic fields to sense objects and body parts.

Playfresco

The company has secured $ 130,000 in funding from Michal Zalesak of the Czech ICT Alliance. Not surprisingly, it’s been a hard road for their startup, but things seem to be looking up.

“Unfortunately in Palstine electronics are really hard to get and the electronics and equipments that are available are really limited,” said Abed-Alhaq. “Our first prototype was made from paper and was huge and we made it literally from scratch.”

The group were inspired by watching children play with toys. Abed-Alhaq saw his little brother playing with a duct tape roll, pretending to drive a car.

“We did hundreds of experiments, hundreds of prototypes to do such a thing that could detect our bodies and how they move, and after we mastered this technology we thought that PlayFresco device can introduce a natural way to enjoy and play with what ever everyday object you hold in your hand,” he said.

The system sits underneath your table and senses your hands above with some accuracy. The team showed us their product in Europe a few months ago and they were ready to launch on stage at Hardware Battlefield. That’s been put on hold, but they’re still hard at work on the device.

“PlayFresco is a perfect example of true innovation with passionate and hard-working CEO, representing the emerging culture of new start-up Palestinian entrepreneurs, who focus on new technologies and business and don’t mix with politics in the region,” said lead funder Zalesak.

The team is working on a desktop system now but is planning a version for cellphones and tablets. They’re also looking into using Bluetooth to add motion control to almost any device. They didn’t make it to our stage this year but there’s always next year.


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3D Systems buys company behind Star Wars, Hobbit and Harry Potter models

Listen, as excited as I was to be turned into a Star Trek character, my heart has always belonged in a galaxy far, far away. So, naturally, I’m a bit excited by this morning’s news that the latest company to be vacuumed up by 3D Systems is a modeling …

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BlackBerry founder Mike Lazaridis won’t pursue bid for company

BlackBerry founder Mike Lazaridis has severely reduced his ownership stake in the company, according to a report in The Wall Street Journal. The information comes from a regulatory filing made public on Tuesday, in which Laziridis said he won’t pursue a bid to buy the company, and as a result had cut his stake to roughly 4.99 percent of the ailing Canadian smartphone maker.

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Fisker files for Bankruptcy, hopes selling company will restart Karma sales

The writing has been on the walls for awhile, but now the scrawlings read true: Fisker Automotive has filed for Chapter 11 bankruptcy. For almost a year, the company’s been sliding down a slope of financial ruin. Production was halted, workers were furloughed, then laid off and the Department of Energy even seized $ 21 million from the company after becoming concerned it wouldn’t be able to pay of its $ 192 million federal loan.

The bankruptcy filing will help facilitate the company’s sale to Hybrid Technology, an investor group that has agreed to buy the remainder of the DOE’s original loan, now valued at $ 25 million. Hybrid says the deal is the first step to putting the Karma back into production (and back on the market), but notes that it still has a lot of work to do. “As we continue to examine Fisker’s opportunities, we will be making decisions about the structure and footprint of the new business,” a Hybrid spokeswoman told the Reuters. It’ll likely take some time for the hybrid sports sedan to make it back to the showroom. Hopefully, it’ll give the firm time to work out some of the original Karma’s faults.

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Via: Autoblog

Source: Reuters

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Fisker files for Bankruptcy, hopes selling company will restart Karma sales

The writing has been on the walls for awhile, but now the scrawlings read true: Fisker Automotive has filed for Chapter 11 bankruptcy. For almost a year, the company’s been sliding down a slope of financial ruin. Production was halted, workers were furloughed, then laid off and the Department of Energy even seized $ 21 million from the company after becoming concerned it wouldn’t be able to pay of its $ 192 million federal loan.

The bankruptcy filing will help facilitate the company’s sale to Hybrid Technology, an investor group that has agreed to buy the remainder of the DOE’s original loan, now valued at $ 25 million. Hybrid says the deal is the first step to putting the Karma back into production (and back on the market), but notes that it still has a lot of work to do. “As we continue to examine Fisker’s opportunities, we will be making decisions about the structure and footprint of the new business,” a Hybrid spokeswoman told the Reuters. It’ll likely take some time for the hybrid sports sedan to make it back to the showroom. Hopefully, it’ll give the firm time to work out some of the original Karma’s faults.

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Via: Autoblog

Source: Reuters

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Apple reportedly acquiring the company behind Microsoft’s Kinect sensor

Apple has reportedly acquired PrimeSense, an Israeli fabless semiconductor company, for $ 345 million. Israeli newspaper Calcalist claims Apple has finalized the acquisition, with plans for an announcement within the next two weeks. Primesense worked with Microsoft to include its technology, chips, and designs inside the first Kinect sensor for the Xbox 360, but Microsoft opted to build its latest Xbox One Kinect sensor without Primesense’s help. Microsoft’s changes led Primesense to focus on retail, robotics, and healthcare industries, alongside gaming and living room tech.

Rumors of a PrimeSense acquisition by Apple originated from the same Israeli newspaper, Calcalist, earlier this year. At the time, Apple was said to have…

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Apple reportedly acquires the company behind Microsoft’s Kinect sensor

Apple has reportedly acquired PrimeSense, an Israeli fabless semiconductor company, for $ 345 million. Israeli newspaper Calcalist claims Apple has finalized the acquisition, with plans for an announcement within the next two weeks. Primesense worked with Microsoft to include its technology, chips, and designs inside the first Kinect sensor for the Xbox 360, but Microsoft opted to build its latest Xbox One Kinect sensor without Primesense’s help. Microsoft’s changes led Primesense to focus on retail, robotics, and healthcare industries, alongside gaming and living room tech.

Rumors of a PrimeSense acquisition by Apple originated from the same Israeli newspaper, Calcalist, earlier this year. At the time, Apple was said to have…

Continue reading…

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Intel’s stalled TV service reportedly being eyed by Virgin Media’s parent company

Word broke last month that Intel was in talks with Verizon to sell off its stalled web TV effort, presumably dubbed OnCue, which was slated to get off the ground this year. Now, Bloomberg’s gotten word from a trio of sources that Big Blue is chatting with at least one more interested party: telecom …

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