The Central District Court last week approved the sale of all assets, technology and intellectual property belonging to Israeli industrial wireless technology startup CoreTigo to Japan’s Aeterlink Corp. for $350,000. The sale follows CoreTigo’s financial collapse and entry into liquidation proceedings earlier this year.
Founded in 2017, CoreTigo developed wireless communication systems for industrial machinery based on the IO-Link Wireless standard. Its products, which function somewhat like industrial Wi-Fi routers, connect the computers controlling industrial machines with components such as sensors, robotic arms and motors. The company also developed, manufactured and marketed communication products and specialized solutions for…