TOPIC:

Didn't expect this announcement from Team Novak:

Since 1978, Novak has been proud to be a part of the remote-controlled hobby industry, designing and manufacturing important and innovative products to the market such as the modern-day ESC for R/C cars in 1983 (NESC-1), and the first R/C car sensored brushless motor and ESC in 2002 (Super Sport Brushless System). Our customers, our business partners, and all of the friendships we have formed in this industry have made owning and operating Novak not feel like “work” but rather fulfilling a passion.
We are announcing that we have decided to close down our operations effective today. This decision was difficult to make, as this has been a family business spanning two generations.
We are proud that we were able to continue to manufacture products in California during our 38 years in business, and we hope we have been a good steward to the industry. 20 IFMAR World Championships and countless ROAR and Club races were won with Novak products over the years and we want to especially thank our customers and race organizations for their belief in our product and their enthusiasm for the hobby.
Rather than saying good-bye, we wish to say thank you. Thank you for allowing us to be a part of this incredible hobby and industry!
Bob Novak Laura Novak Linda Novak

That's sad to see that. I never owned novak parts but it's always poor to see that a so important society must to close.

But why, business going so bad?

Good question. It's probably because the costs of fabricating in the US is too high (compared to production in Asia)
Could also be that the heirs are not interested in taking over, but if the company was making money, it should be possible to sell...

Edou wrote:

But why, business going so bad?

My thoughts exactly. Maybe they're still turning a profit but not enough for a buyer to be persuaded.
It's a labour of love after all too that may not be too interesting for many parties.
Definitely a shame. Legendary brand.