Lily Robotics is a drone start-up company that once attracted much attention. Lily Robotics was forced to close because the San Francisco District Attorney's Office initiated a consumer protection civil lawsuit against the company. On Monday, the company filed an application and filed for bankruptcy protection under Chapter 11 of the bankruptcy law (Chapter 11). Lily Robotics submitted a document to the Delaware District Court. The company stated in the document that it intends to auction the intellectual property and the funds raised will be returned to the customer. It is also said that repaying the customer’s arrears is the most important thing. Curtis Solsvig, managing director of Goldin Associates, said: “Lily Robotics hopes no customers will be harmed.†Sorwice has been appointed as the company's chief reorganization officer. 
The document shows that 61,450 customers have paid Lily Robotics a booking fee of US$38 million from more than 80 countries. Some customers have already received a full refund, while others have posted online and expressed their concerns. They are worried that money will not be refunded. From the very beginning, a viral video became popular and eventually gave birth to Lily Robotics. Afterwards, the client paid a lot of booking fees and the company also got VC investment. Last month, Lily Robotics announced that the company will be closed and the money will be returned to customers because the funds are being consumed too quickly, the company can not procure new funds, and even the costs of manufacturing can not afford it. The District Public Prosecutor’s Office in San Francisco then sued Lily Robotics. In late January, law enforcement agencies conducted surprise inspections of the company’s headquarters. Will crime investigations continue? San Francisco District Attorneys neither affirmed nor denied. The civil prosecution caused the bank account of the company to temporarily freeze. The main focus of the lawsuit was a video released by Lily Robotics. The video promoted an autopilot, four-bladed propeller drone that could follow the user and record video. The company hired CMI Productions to make the video. The district attorney thought the video was mostly fake and the equipment was not made by Lily. The lawsuit file also disclosed some emails. It can be seen from the email that Lily CEO Antoine Balaresque admitted to “lieâ€. Ballarasque wrote in the e-mail: "I am very worried that the lens geek may study our pictures in depth and find that it was taken with a GoPro lens. I myself do not know much about the camera, if I decide to lie to the public, I think we have to be very careful. Of course, this is just my guess." The video was dazzling and caught the attention of many people, and many people paid for the booking. Lily Robotics had promised that the funds would be “frozen†and would not be used for operations and manufacturing. In the summer of 2015, Lily Robotics raised $13.8 million from Spark Capital, allowing Chinese manufacturer GoerTek to produce drones. In the bankruptcy filing, Lily Robotics announced that there was a new problem with the GoerTek prototype and that the shipment was postponed. The company burns more than a million dollars each month, and the company has 69 employees at its peak. The document also said that by the next year the situation will be even worse. Although Lily Robotics made a $4 million loan to Silicon Valley Bank at the end of 2015, the help was small. By June 2016, Lily Robotics had tried to raise funds while still looking for buyers. Several companies once intended to acquire Lily Robotics, and Spark used $900,000 to help the company reach a sale agreement. The final acquisition transaction was not reached and Lily Robotics announced that it had ceased operations on January 10. The co-founder of Lily Robotics wrote to the customer and said: “In the past few months, we have been working hard to find funding to restore production and have successfully shipped the first batch of products but failed. We regret to say that we have to tell everyone that we Prepare to close the company and return the funds to the customer.†Some users stated on Facebook that they had received a refund, while others complained that they did not receive the money. The bankruptcy document says that most of the booking fees have never been touched. Lily Robotics received a total of approximately $38.4 million in reservation fees. In January, Lily paid $16.5 million to Stripe, $3.9 million to Tilt for a refund, and $6.6 million to Lily's separate account. In addition, Tilt also withheld $3.6 million and Stripe detained $8.4 million, which was not used to pay for the refund. For this reason, Lily Robotics stated in the bankruptcy document that there is enough money to pay the refund.
The document shows that 61,450 customers have paid Lily Robotics a booking fee of US$38 million from more than 80 countries. Some customers have already received a full refund, while others have posted online and expressed their concerns. They are worried that money will not be refunded. From the very beginning, a viral video became popular and eventually gave birth to Lily Robotics. Afterwards, the client paid a lot of booking fees and the company also got VC investment. Last month, Lily Robotics announced that the company will be closed and the money will be returned to customers because the funds are being consumed too quickly, the company can not procure new funds, and even the costs of manufacturing can not afford it. The District Public Prosecutor’s Office in San Francisco then sued Lily Robotics. In late January, law enforcement agencies conducted surprise inspections of the company’s headquarters. Will crime investigations continue? San Francisco District Attorneys neither affirmed nor denied. The civil prosecution caused the bank account of the company to temporarily freeze. The main focus of the lawsuit was a video released by Lily Robotics. The video promoted an autopilot, four-bladed propeller drone that could follow the user and record video. The company hired CMI Productions to make the video. The district attorney thought the video was mostly fake and the equipment was not made by Lily. The lawsuit file also disclosed some emails. It can be seen from the email that Lily CEO Antoine Balaresque admitted to “lieâ€. Ballarasque wrote in the e-mail: "I am very worried that the lens geek may study our pictures in depth and find that it was taken with a GoPro lens. I myself do not know much about the camera, if I decide to lie to the public, I think we have to be very careful. Of course, this is just my guess." The video was dazzling and caught the attention of many people, and many people paid for the booking. Lily Robotics had promised that the funds would be “frozen†and would not be used for operations and manufacturing. In the summer of 2015, Lily Robotics raised $13.8 million from Spark Capital, allowing Chinese manufacturer GoerTek to produce drones. In the bankruptcy filing, Lily Robotics announced that there was a new problem with the GoerTek prototype and that the shipment was postponed. The company burns more than a million dollars each month, and the company has 69 employees at its peak. The document also said that by the next year the situation will be even worse. Although Lily Robotics made a $4 million loan to Silicon Valley Bank at the end of 2015, the help was small. By June 2016, Lily Robotics had tried to raise funds while still looking for buyers. Several companies once intended to acquire Lily Robotics, and Spark used $900,000 to help the company reach a sale agreement. The final acquisition transaction was not reached and Lily Robotics announced that it had ceased operations on January 10. The co-founder of Lily Robotics wrote to the customer and said: “In the past few months, we have been working hard to find funding to restore production and have successfully shipped the first batch of products but failed. We regret to say that we have to tell everyone that we Prepare to close the company and return the funds to the customer.†Some users stated on Facebook that they had received a refund, while others complained that they did not receive the money. The bankruptcy document says that most of the booking fees have never been touched. Lily Robotics received a total of approximately $38.4 million in reservation fees. In January, Lily paid $16.5 million to Stripe, $3.9 million to Tilt for a refund, and $6.6 million to Lily's separate account. In addition, Tilt also withheld $3.6 million and Stripe detained $8.4 million, which was not used to pay for the refund. For this reason, Lily Robotics stated in the bankruptcy document that there is enough money to pay the refund.
The utility model discloses a PCB antenna for 868MHz frequency band, including a PCB substrate, a first PCB antenna arranged in the PCB substrate, a ground, and an L-shaped second PCB antenna arranged between the first PCB antenna and the ground; The end part of the second PCB antenna is provided with a feed point, the ground surface is provided with a ground wire extending from the OUTSIDE of the PCB substrate to the surface, the core wire of the ground wire and the feed point is tinned. The utility model can improve the antenna efficiency and optimize the performance.
868MHZ Rubber Antenna ,868MHZ Antenna with magnetic base ,868MHZ Fiberglass antenna
Yetnorson Antenna Co., Ltd. , https://www.xhlantenna.com