Steve Wozniak has put the brakes on the Wheels of Zeus.
The Apple Computer co-founder formed the start-up four years ago in an effort to “help everyday people track everyday things,” according to a press release announcing the company’s launch. WoZ, as the company was known, hoped to develop and market an affordable GPS system for consumers.
The company, which also hoped to bring RFID-based products to market, was backed by $6 million in first-round funding. The company has discontinued operations, according to reports.
Wozniak has moved on, though, announcing this week that he and two other former Apple executives have formed a so-called “blank-check company” that looks to acquire small technology businesses and develop them. The Newport Beach-based firm, called Acquicor Technology, raised $150 million in an initial public offering on the American Stock Exchange earlier this week.
