updated 01:50 pm EDT, Tue June 9, 2009
Jetta buys bankrupt Ugobe
Ugobe, the company that owned the intellectual property rights for the Pleo robot dinosaur but recently went into Chapter 7 bankruptcy has been purchased by the manufacturing partner of Pleo, Jetta Company Limited. According to a RobotsRule report, the United States liaison for Jetta, Steve Ohler, says the company will re-release and improve Pleo and build accessories such as batteries and chargers. The bankruptcy sale took place on May 21st and there are no other details forthcoming from Jetta about when the Pleo will again be available on the market.
In a press release, Jetta said Pleo will be re-launched in the near future, and Ohler has confirmed all equipment and parts for the production are ready. Jetta has been around since 1977 and has extensive experience in the toy manufacturing business. When it was operating, Ugobe sold 100,000 Pleo dinosaurs for $200 each.