Zano mini drone project shuts down following delays

The Zano mini drone project held a lot promise: not only was it supposed to make camera drones affordable, but it was Europe's most successful Kickstarter campaign to date. Unfortunately, though, all those hopes have just come crashing down. Torquing Group is shutting down the tiny UAV project and liquidating its corporate assets. Simply put, the company didn't have much choice between delays (Zano was supposed to ship in June) and internal strife -- its CEO had resigned a week earlier due to a mix of health problems and "irreconcilable differences."

Torquing is getting in touch with creditors, but you won't want to count on getting any money back if you made a pledge. Like most crowdfunding efforts, you're making an investment, not a guaranteed purchase. With that said, it's clear that Torquing wasn't great at tempering expectations. While it did detail the production process, it was clearly optimistic about timing (by the end, some backers weren't getting their units until February) and didn't make it clear just how many hurdles it faced to getting a drone in your hands.