Fantom Technologies

Fantom Technologies, Inc.
FormerlyIONA Appliances
TypePrivately held company
IndustryHousehold appliances
Founded1986; 40 years ago (1986) (as IONA Appliances)
1995; 31 years ago (1995) (as Fantom Technologies)
Defunct2001; 25 years ago (2001)
FateBankruptcy
Headquarters,
ProductsVacuum cleaners

Fantom Technologies was a Canadian household appliance company that manufactured dual-cyclonic type vacuum cleaners, they were inspired from the Dyson vacuums (which would not appear in North America until 2002). The company was founded in Welland, Ontario in 1986 as IONA Appliances, with offices in Buffalo, New York, United States. Its Fantom Technologies name was adopted in 1995.

Fantom went bankrupt in October 2001 and their vacuums have been considered collector's items since.

History

Foundation and development

In 1989, British-born James Dyson (inventor of dual-cyclone vacuums) and Canada's IONA Appliances (the predecessor of Fantom Technologies) made a licensing deal in which the company would manufacture and sell a line of commercial dual-cyclonic upright vacuums called Vectron, for SC Johnson Wax, on which Dyson held the patent. Two years later, SC Johnson exited the commercial vacuum business and IONA renamed the vacuums to "Fantom". IONA also licensed a deal with Sears to sell the Fantom under the name "Kenmore Destiny." 1993 brought a successful infomercial for the original Fantom vacuum. One year later, the vacuum offered a HEPA filter as an option. In 1996, the vacuum was renamed the Fantom Thunder (AKA Kenmore Destiny Plus).

Bankruptcy

In October 2001, Fantom Technologies went bankrupt, and the name was sold to Euro-Pro (owned by Mark Rosenzweig). James Dyson saw an opportunity and introduced a multi-cyclonic vacuum under the Dyson name in North America in 2002, called the DC07, one year after Fantom went out of business. The Dyson DC07, as well as later Dyson models, would be commercial best-sellers in North America. Today, Fantom vacuums are considered collector's items.

Later models

References

  1. ↑ FantomLightning (July 23, 2010). The Fantom Fury Story Part 1. YouTube.
  2. ↑ "The Fantom Story". Retro Junk. February 6, 2014.
  3. ↑ "How Shark Ate Dyson's Lunch in America". Forbes.