Colorado vNet to Wind Down
Colorado vNet will wind down its operations, in order to "reassess its product line as it relates to the evolving custom install market," the company announced Wednesday.
The company will focus on product R&D for late next year.
“Colorado vNet has a great reputation in the marketplace, but as the needs of the market shift in tandem with a challenging economy, we need to take a long, hard look at the profit potential of the current product line in relation to the income it generates," the company's CEO, Charlie Porritt, said.
The company will offer tech support through the end of April, and will honor warranties for "a limited period of time." The company will also honor its commitment it made earlier this year to dealers to replace some faulty RF lighting systems.