Special Ops Paintball: Smarts Parts Closes at the end of the month - Special Ops Paintball

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Smarts Parts Closes at the end of the month GI Milsim, Luxe move all manufacturing to China Rate Topic: -----

#1 User is offline   Marauder_Pilot 

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Posted 14 December 2009 - 07:40 AM

Automags.org Thread-Several dealers confirm that SP is set to close at the end of the month.

Interview with Richard Italia confirms that all remaining SP-related manufacturing (GI Milsim and Luxe, presumably) are moving to China.
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#2 User is offline   Ethrealwolf 

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Posted 14 December 2009 - 08:07 AM

I'd heard DLX had been acquired by Dye?

regardless, I'm of two minds. I'd heard SP was completely kaput, and that it was a complete bankruptcy. It makes me wonder if it's something coming back to bite them in the ass, or if it's just bad luck. Though that's just speculation, I guess, and a way to keep busy at 7am waiting for my coworkers to get to the field. Personally, I always kind of got the feeling they were banking way too heavily on most people jumping over to the .50 stuff when it became available.

Either way, if their patents aren't protected and go into the public domain, that's good. it never hurts to remove things that prohibit smaller names from getting into the industry. On the other hand, SP has Dumped a LOT of money into the sport- So if they're going, that kind of sucks in that area. I wonder what them going under will mean for the rest of the industry and sport though?
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#3 User is offline   slinkyaroo 

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Posted 14 December 2009 - 08:10 AM

When SP did the last big layoffs I fully expected them to pack up manufacturing and moving production overseas. Dye did it with the proto line and Angel did it a few years ago. Tippmann and BT also did it. I'm surprised it took so long, however that was something I repected SP for ... keeping manufacturing in the US.

I wonder if SP is really disappearing or going to be distributed through a company like KEE. If Milsim and LUXE still exists and the SP line disappears them that's pretty much a sign of bankrupcy since LUXE and Milsim were independent companies.


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#4 User is offline   Marauder_Pilot 

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Posted 14 December 2009 - 08:23 AM

Smart Parts has gone completely bankrupt, their assets (Including, most importantly, their patents) will be seized by the bank (Meaning that they won't necessairly go back into the public domain)

FYI, if anybody cares, from what I've heard they didn't go bankrupt from any business decisions, rather they were heavily financed by a venture capital firm that went bust-the firm called in their debts, but SP couldn't pay them to the company is being liquidated.
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#5 User is offline   slinkyaroo 

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Posted 14 December 2009 - 08:59 AM

Still rumors MP. Patents are assets and can be sold like equipment. The patents are still drawing in revenue also that if bankrupt would go to a trustee.

Side note is I wonder how this will effect Angel since they gets funds from the patents. I would imagine funds might be channeled from SP royalties.


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This post has been edited by slinkyaroo: 14 December 2009 - 09:02 AM

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#6 User is offline   AaronC 

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Posted 14 December 2009 - 09:20 AM

The Gardners own the patents not Smart Parts so the patents aren't going anywhere. It looks to me like they let Smart Parts die and put all their resources into the .50 game. Not a bad idea with all the hate the community has for Smart Parts starting fresh could be a good move and if .50 takes off it could be a brilliant move.
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#7 User is online   The Stuntman 

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Posted 14 December 2009 - 09:33 AM

^ except for all the hate .50 is getting...
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#8 User is offline   Thalion 

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Posted 14 December 2009 - 09:42 AM

If this really is about .50, it's an awful gamble.


As far as SP hate goes, I really haven't seen that much of it compared to times past.

Sure, there's a lot of it, but all the people that have come into the sport since the time of the lawsuits have no idea why SP can be a bad name to some, and most of them are smart enough to ignore the SP haters.

Even though I do not own an SP marker, I'm sorry to see them go.
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#9 User is offline   slinkyaroo 

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Posted 14 December 2009 - 09:42 AM

I think the opposite will happen. Without SP backing or marketing the .50 cal will definitely be hurt. Other companies may not be quick to join and the market will become limited.


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#10 User is online   The Stuntman 

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Posted 14 December 2009 - 09:44 AM

View Postslinkyaroo, on Dec 14 2009, 08:42 AM, said:

I think the opposite will happen. Without SP backing or marketing the .50 cal will definitely be hurt. Other companies may not be quick to join and the market will become limited.


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My feelings exactly...
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#11 User is offline   Mobles 

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Posted 14 December 2009 - 10:05 AM

inb4 impulses are $500
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#12 User is offline   Ethrealwolf 

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Posted 14 December 2009 - 10:13 AM

View PostT-Freak, on Dec 14 2009, 10:05 AM, said:

inb4 impulses are $500



That was what I had been wondering- if SP was going to pull another deal like they did when the ion dropped and the old impulses dropped so drastically in price prior to the ion being announced- But from what I'm gathering, everything they had is being seized and liquidated to help pay off the debt.

Similarly, I wonder if the patent (amusing, how it's THE patent) will flip over to WDP/APS, since aren't they joint holders or some such?

Third, and I hate to say it like this, but, man, ain't karma a bitch? :(
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#13 User is offline   Enhander 

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Posted 14 December 2009 - 11:34 AM

Viva la AutoMag!
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#14 User is offline   Thalion 

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Posted 14 December 2009 - 12:26 PM

View PostEthrealwolf, on Dec 14 2009, 11:13 AM, said:

Similarly, I wonder if the patent (amusing, how it's THE patent) will flip over to WDP/APS, since aren't they joint holders or some such?


That's what I'd guess.

They can't really make the patent public when one of the joint owners is still in business.
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#15 User is offline   Maj Tom 

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Posted 14 December 2009 - 01:20 PM

View PostAaronC, on Dec 14 2009, 11:20 AM, said:

The Gardners own the patents not Smart Parts so the patents aren't going anywhere. It looks to me like they let Smart Parts die and put all their resources into the .50 game. Not a bad idea with all the hate the community has for Smart Parts starting fresh could be a good move and if .50 takes off it could be a brilliant move.

The majority of the patents have Smart Parts as the Assignee so the company owned them not the Gardners. They are now just assets to the bank.
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