Seldon Technologies Headed to Auction
Windsor — In a move that likely signals a fire sale, the assets and patents of water filtration company Seldon Technologies are slated to be auctioned off next week, a deflating end for the startup that said it had achieved a technological breakthrough for making contaminated water fit to drink. Seldon’s majority shareholder, South Africa-based EcoNet Wireless, has hired Willisiton, Vt., auctioneer Thomas Hirchak Co. to solicit sealed...
Breakthrough to Bust: The Rise and Fall of Seldon Technologies
Windsor — If the public was taken by surprise by the Sept. 28 news that Seldon Technologies was shutting down, there was good reason: Just three months earlier, the Windsor water-filtration maker had announced a $20 million contract with a Mexican company to supply 500,000 filtration devices. If the 32 Seldon employees who were laid off that day — without severance — were taken by surprise, there was also good reason: The week before,...
