Saturday, March 5, 2011

Sad Day: Loki Research to close

Jeff Taylor, owner of Loki Research, announced on Thursday that he'll be selling off the assets of the company. He says that his business is doing well but he's lost his lease and he doesn't wish to move, so he'll be closing up shop. He hopes that someone will buy the rights, but if not he will sell the assets individually.

He points out that he's not leaving the hobby, just the business.

I'm sad to see this; Loki has a reputation for making seriously excellent high-power motors. I hope someone will step up and buy Loki. I wish Mr. Taylor the best.

Full story on Rocketry Planet

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