A new report comes from Bloomberg today where a number of people “familiar with the matter” claim that Essential has cancelled development of a successor to the PH-1, which has been unofficially referred to as the PH-2.
The company is said to have been consulting with a firm about its options for letting itself be bought by another company. There’s apparently at least one interesting possible buyer.
Discussions are currently involving sale of the entire company including its product portfolio, patents, as well as future products to be released by the company. The engineering…