E-reader maker Polymer Vision goes under

Polymer Vision, the makers of the Readius folding e-ink reader, have gone under due to funding issues.

The Readius has been shown off in working prototype form since 2007. Much more portable than devices such as Amazon's Kindle, the pocketable, 3G-enabled reader was to be sold through mobile operators.

However, Polymer Vision, a spin-off from Philips Electronics, had funding difficulties. On 7 July, the receivers were called in. Fifty jobs have were apparently lost at the Hampshire-based firm.

There is no word yet as to what will happen with Polymer Vision's technology.