Recently, Ascalade Communications Inc., a Richmond maker of digital wireless and communications products, filed for bankruptcy protection under the Companies’ Creditors Arrangement Act.
Ascalade – which makes wireless phones and other devices – was one of the bigger players in a B.C. wireless scene that’s been exploding of late, with an ever-increasing number of competitors. While it appears Ascalade’s troubles are bigger than those of its competition, they are emblematic of the sector.
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VoIP – Voice over Internet Protocol, for the uninitiated – isn’t a household term yet, but developing gadgets that will help it become one has propelled a Richmond company to its first showing on BCBusiness’s Top 100 public companies list at No. 40.
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