Armatix was a company that manufactured a smart gun that could only be fired by its owner. The concept was seen as a step toward reducing gun violence but zealots raised such a fuss the company eventually was forced into bankruptcy.
Well, here's some failed gun news I actually like to hear. A gun company seeking to produce a smart gun has filed chapter 11 restructuring.
Armatix, makers of the ip1 smart gun, a gun that was pushed by communist gun-grabbing Democrats and the only gun that could be legally sold in New Jersey in 2014, under Governor Chris Christie, entered into "chapter 11-style restructuring proceedings in Germany" on May 20, 2015.