MIDDAY UPDATE: Callaghan gives up on NextWindow grants

Fri, 05 Jun 2015

June 5 (BusinessDesk) - Callaghan Innovation won't be chasing $3.9 million in grants paid out to failed touchscreen developer NextWindow, with the contracts inked by its predecessor organisations too loose in their clawback provisions. NextWindow, whose optical touchscreen technology was sold to PC and interactive display manufacturers, struggled under the ownership of Smart Technologies as the advent of smartphones and tablets created a shift in the market that undermined their product, and its end was signalled last year by its Canadian pa...

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