Laundroid Company Folds Before Its Giant Robot Does

From a report: A small part of us always knew the Laundroid was too good to be true. The black obelisk, developed by Japanese company Seven Dreamers, was supposed to be a washing machine, dryer, ironing and laundry-folding robot rolled into one. It was the perfect appliance, in short, for chore-dodging so-and-sos who hate dealing with grimy clothes. But that dream has come to a predictable end. This week, Seven Dreamers filed for bankruptcy in Japan, all but ensuring its halo product will never reach store shelves. According to Teikoku Databank, a private credit research agency, the company owes 2.25 billion yen ($20.1 million USD) to 200 creditors.

Read more of this story at Slashdot.