Panono may have a new owner after bankruptcy left backers empty handed

panono 360 camera new owners ce china  1500px 47
After filing for bankruptcy unable to deliver on a crowd funding campaign that exceeded a million dollars, the Panono throwable 360 camera appears to have a new owner. In a letter to supporters, Panono co-founder Jonas Pfeil said that the sale of the company is being finalized, according to DP Review.

With the sale not yet final, it’s unclear just who is buying out the technology. But, the letter to backers does clear up a few questions. Mainly, the project’s initial backers on Indiegogo still won’t be getting a camera but the users of the 400 or so cameras that shipped will still have access to the cloud software essential to operating the camera.

While the company is selling its assets, which includes current inventory, software and hardware, the new buyer isn’t getting the “obligations towards external parties.” In other words, the new company isn’t going to ship the camera to the product’s first backers on that original crowd funding campaign. In the letter, Pfeil said that the funds from the sale will be going to pay the company’s debts and that the founders are walking away without any profit from the sale.

With the camera’s stitching software relying on a cloud, the sale does however suggest that the customers who actually received their cameras will still be able to continue using it. With no one to maintain the cloud software, without a buyer, the camera would have eventually stopped working.

Panono takes 360 shots with 36 different built-in cameras, stitching all those images together using that cloud-based software.  While a number of different 360 cameras have popped up since Panono launched in 2013, the camera’s throwable design is still unique. A sensor inside the camera triggers a shot when the camera reaches the highest point, which means users can take aerial 360 photos without learning how to fly a drone but by simply throwing a ball in the air. The camera’s 72 megapixel count from all those built-in cameras also differentiates the camera from other consumer options.

Despite all the company trouble, the Panono is still listed for sale on the company’s website with no mention of the company’s bankruptcy and pending sale. While the camera cost backers $500 (and didn’t deliver a camera), the Panono is listed for $2,000 on the company’s website, with a note saying the camera is in stock in Germany.

Wearables

The Tacs Nato-Lens is a watch for those who live life through a camera lens

Not all watches have to be round, or connect to your phone. The Tacs Nato-Lens is a stylish piece of wristwear with a design inspired by classic SLR cameras, making it a geeky timepiece for the camera and watch fan.
Smart Home

These best outdoor security cameras will keep porch pirates at bay

Worried about porch pirates stealing your packages, or intruders entering your home? Always be in the know about who or what is on your property by installing one of these outdoor security cameras.
Product Review

What do you do with 187 megapixels? The Lumix S1R is glorious overkill

The Lumix S1R is one of the most capable cameras ever made, from its robust build to extensive feature set. But its key feature, a 187MP high resolution mode, is something few customers will have use for.
Mobile

Does this video show off the Huawei P30 Pro's impressive camera suite?

The Huawei P30 Pro will be announced on March 26. It has already started to leak ahead of this date, and expectations are high that the company will improve even further on the P20 Pro's camera.
Photography

Loupedeck Plus can now edit video, audio with Final Cut Pro

The list of Loupedeck Plus-compatible software is growing. The photo-editing console now works with Final Cut Pro and Adobe Audition for video and audio editing. The controls can be configured to be used on either platform.
Photography

Photography News: Taking a smartphone photo probably saved this guy’s life

A man was snapping a photo in Australia when the smartphone stopped an arrow shot at his face. In this week's photography news, see Canon's plans for a stabilized mirrorless, Hasselblad's newest accessories, Samyang's latest lens, and more.
Computing

Nvidia’s A.I. Playground lets you edit photos, experience deep learning research

Nvidia is making it easier to access information on deep learning research. It has launched an online space with three demos for image editing, styling, as well as photorealistic image synthesis. 
Deals

The best budget-friendly GoPro alternatives that won’t leave you broke

Cold weather is here, and a good action camera is the perfect way to record all your adventures. You don't need to shell out the big bucks for a GoPro: Check out these great GoPro alternatives, including some 4K cameras, that won’t leave…
Photography

Paper designs digitize in real time using an Illustrator-connected paper tablet

Love graphic design, but prefer the feel of real paper? The new Moleskine Paper Tablet - Creative Cloud Connected syncs with Adobe Illustrator in real time, turning paper sketches into digital drawings.
Photography

Insta-checkout? New Instagram service lets you shop without leaving the platform

Shopping on Instagram no longer means leaving the platform to checkout in a web browser. Instagram checkout launched in beta today with a handful of retailers, allowing users to checkout without leaving the app.
Computing

Make the most of your toner with our five favorite color laser printers

Color laser printers have improved dramatically over the years, and today's models offer both blazing print speeds and great image quality. Here are our favorite color laser printers, from massive all-in-ones to smaller budget options.
Photography

Sony’s latest sensor is stacked, backlit, and equipped with a global shutter

Say this five times fast: Backlit, stacked, global shutter sensor. Sony managed to cram all three technologies into one sensor. The result is a high-speed sensor with a higher resolution without sacrificing low-light quality.
Mobile

You can now use the innovative Red Hydrogen One on Google Fi

The Red Hydrogen One was first announced in 2017 and has been delayed a few times since then. Now, the Red Hydrogen One is finally available, featuring a Qualcomm Snapdragon 835, 6GB of RAM, and 128GB of storage.
Photography

Looking to keep prying eyes at bay? Here's how to hide photos on your iPhone

People take tons of photos using their smartphones, but not all are meant to be shared or seen. Luckily, hiding photos on your iOS device is easy, whether you want to use built-in utilities or apps with added security.