 On the 15th of September 2014, Steve Tan (owner of the Company) issued a statement outlining the reasons for the project's failure and that the company would close.Tan describes Kreyos as having only marketing and sales experience, and that therefore the technical work on the project and most of the funding had been outsourced to an acquaintance in the ODM business.Said ODM then failed to meet project goals, and Kreyos had neither the experience nor finances to resolve the problems.