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PowerOn liquidators unable to sell defunct robotics firm

Broadcast United News Desk
PowerOn liquidators unable to sell defunct robotics firm

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The funds owed were mostly research and development advances from IRD and Callaghan Innovation.

PowerOn Technologies demonstrated a robot picking up tomatoes.

A second liquidator’s report into bankrupt robotics start-up PowerOn shows efforts to sell it as a going concern have failed.

The university spin-off, which specializes in soft sensor technology to give robots a sense of touch, was liquidated on January 16 following bankruptcy.

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