We find ourselves in the middle of one of the greatest wealth transfer periods of all time. Those with wealth must decide whether they want to make transfers, and if they do, they must decide how much, to whom, when and in what structure?
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The new holographic data-storage company launched in August with an $11 million investment from Acadia Woods Partners in New York. Akonia purchased intellectual property from the former InPhase, which Acadia bought in March, according to the company website.
InPhase filed for Chapter 11 bankruptcy protection in October 2011 to stave off an auction of assets to satisfy creditors. InPhase had an intellectual property portfolio of more than 200 U.S. and foreign patents and applications. Patent licensees included Hitachi Maxell Ltd., Bayer Material Science and Nichia Corp.
With the new changes comes a plan to partner with an industry leader such as Hitachi or Sony in the future, said Ken Anderson, Akonia’s chief executive officer. InPhase was focused on creating a holographic data-storage device related to computer hard drives.
“We’re looking to partner with optical data-storage companies. (Companies in) Japan are leaders in the DVD, Blu-Ray market,” Anderson said.
Akonia currently has nine employees and may hire more in the coming months, Anderson said. Anderson founded the company with Mark Ayres, chief technology officer and Fred Askham, vice president of media development, according to a document filed with the U.S. Securities and Exchange Commission.