In recent years T-Rex has made a name for itself with the Replicator delay pedal, a real tape echo in pedal form. Then there was the Replicator Junior and the attempt to revive the Binson Echorec. Above all, the company has been known for making great boutique effects pedals and pedalboard power supplies. Now news has emerged that the company has filed for bankruptcy. Can they survive the financial turmoil?
Bankruptcy is never good news! Even less so when it hits a small well-liked company that has attracted attention with interesting and high-quality effects. Some of them are on the pedal boards of David Gilmour, Pete Townshend and John Mayer.
According to the Danish newspaper Vejle Amts Folkeblad, T-Rex filed for bankruptcy on 21 February. The debts of approximately USD 560,000 from the last fiscal year can’t be recovered, apparently. My guess: Maybe the replicator effects were just too expensive to develop?
At the moment we don’t know what the future holds for T-Rex and its nine employees. I hope that the development of the Binson Echorec replica continues, that the nine employees keep their posts and the company gets back on its feet.
But USD 560,000 is a lot of money. For some of the bigger players in the musical instrument business, it’s small change. I’m guessing that either some investors could support the company or the company is bought up. I just hope that it will not end in a fire sale, with inferior effects sold under the T-Rex label. There are many possibilities, only a few are good for the company and us musicians.
Sure would be a pity if this company disappeared completely.
Pedal Price Reductions
Now, we’re not sure if these two things are related, but the prices of T-Rex products are extremely favourable at Thomann right now. The Replicator Tape echo costs just EUR 444 instead of EUR 845, the Replicator Junior is priced at an almost ridiculous EUR 299 instead of EUR 599.
Hopefully, selling through more of these pedals will help T-Rex in the short term, as demand for the company’s products may increase with such heavy discounting. I own a load of the T-Rex pedals and a Fuel Tank power supply myself, so I really hope they can keep the company going as I love my T-Rex pedals!
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