“We plan to identify qualified bidders for the iPix assets and establish defined bidding procedures so all interested buyers will have the opportunity to bid on the assets,” says King. iPix assets will be divided into three categories: 360-degree digital immersive video, the still photography business, and Gigapixel camera technology. The iPix name will also be sold. All sales must be approved by the U.S. Bankruptcy Court. “We expect buyers of these assets will be able to maximize the full potential of IPix’s patented technologies as well as continue to grow the iPix customer base. By offering the assets by business line, we give every buyer, regardless of their level of interest, the opportunity to make bids,” says Karbelk.
