Advanced visualization firm Sapheneia filed for bankruptcy on August 28.
Before filing, it changed its company name to Contact Imaging Sweden, according to the firm.
The filing comes after a prolonged patent dispute between the firm and image enhancement developer ContextVision. On July 12, the Stockholm District Court ruled that ContextVision is the owner of a key patent application that Sapheneia filed in September 2006. The court also ruled that Sapheneia should pay ContextVision's legal costs of 2.9 million Swedish kroner ($450,409 U.S.).
The administration of the company in bankruptcy has been taken over by a receiver, Sapheneia said.
