The shutdown involves the discontinuation of the SOBRcheck and SOBRsure device lines, alongside the termination of all associated software support. To further reduce its physical footprint, the company will vacate its corporate office at the end of the month. These restructuring efforts follow a headcount reduction in June, where three employees were laid off to help lower annual operating expenses by approximately $1.2 million.
Management estimates the total cost of this wind-down at $50,000, covering severance packages, contract dissolutions, and decommissioning expenses. By eliminating these legacy business lines, the firm aims to consolidate its resources to facilitate the pending merger with Clean World Ventures, effectively ending its tenure as a provider of alcohol-detection technology.




Comments (0)
No comments yet. Be the first!