Fortis Bank committed €50M for the funding of XDC-led deployments, with the intent to further commit €100M. While the wording in XDC’s press release did not convey confidence that the deal was finalized, an informed source confirmed that the credit facility was indeed opened.
Philips announced the closing of its 3D Solutions operation. This action discontinues production of perhaps the best known autostereoscopic panels in the industry. (Autostereoscopic is the form of 3-D display that does not require glasses.) Philips sites the changed economy for its decision, which pushed out the predicted dates for when such technology can be brought to the home.