[Turing to dust] Turing Robotics files for bankruptcy in Finland, CEO keeps promising fairy dust


If all the former “
news” coming out of the business was not deturing ample for you, this is a different chapter in the Turing Robotic Industries saga: it has now filed for individual bankruptcy in Finland. The business, which commenced by promising an ultra-safe smartphone in 2015 with Android 5.1 but turned all-around and made a decision on Sailfish OS alternatively, only to retain on delaying creation yet again and yet again then assure 1 outrageous improve just after the other, has, surprisingly, operate out of funds. Gasp.

The news came on February 3 from Finnish newspaper Salon Seudun Sanomat, which was following Turing and its CEO Steve (Syl) Chao’s progress in Salo, Finland, a city that was promised a resurrection of sorts just after Nokia’s demise and where by Turing experienced rented an empty warehouse for tens of countless numbers of euros. SSS‘s report stated that creditors filed a claim with the business in 2017 and all of the firm’s movable residence has been seized.

But which is not the story Steve Chao would like you to think. In a submit on Fb, he promises that the individual bankruptcy isn’t going to imply the business is going out of company (which is technically legitimate), it just needs to suspend its operations in Salo.

Dear TRI consumers and followers,

A latest news about TRI’s Salo business submitting for individual bankruptcy may possibly have sent an uneasy feeling to some of you. We want you to know that this submitting was initiated to briefly suspend our manufacturing intentions in Salo, on the other hand it isn’t going to imply that TRI is bankrupt. We will be submitting the newest developments concerning the upcoming of TRI in the coming weeks.

Thank you.

Syl Chao
CEO

And as if submitting for individual bankruptcy then proclaiming every thing is superior is not delusional ample, a different report from SSS this early morning says that the relentless Chao is adamant about TRI not staying in debt and him not relocating operations out of Salo. Alternatively, he’s setting up a new business in the city with his identical old partners Karri Suosara and Ilkka Matinpalo underneath the identify Turing Robotic Industries Kepler. You’d feel it isn’t going to get any far better until eventually you understand the acronym would be TRIK.

Alternate title: As TRI is Finnished, Chaos reigns and guarantees Turing points all-around in a different brain-bending TRIK

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  • Salon Seudun Sanomat (1,
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