IoT lighting specialist Organic Response enters financial protection

Australian trailblazer Organic Response has entered financial protection, prompting speculation that a rescuer — perhaps a lighting vendor that already uses its Internet of Things (IoT) technology — is on the horizon. “The company’s directors placed the company into Voluntary Administration on 24 February,” a former spokesperson told LEDs Magazine via email. “The Administration enables the company’s finances to be restructured and for its financial problems to be dealt with. The administrators, directors, and key personnel are working to restructure of the company’s finances to secure the best outcome for the company and stakeholders.”