On September 3rd, 2012, bASIC was announced as BitcoinASIC / BTCFPGA's 'fourth generation Bitcoin mining device'..
On January 9th, 2013, the bASIC project was canceled and claimed to have been sold to an Asian investor - this claim was later retracted.
On January 13th, 2013, the principal of the project noted "At this point, if you are thinking of sending me a refund request, I recommend you do a chargeback instead."
On February 1st, 2013, a message was posted to the bASIC website stating that a "a devision of a huge corporate electronics manufacturer in Canada" had taken over the reigns., later revealed to be CAN-ELECTRIC. However, a purported exchange between a BitcoinTalk Forum member and Can Electric resulted in a statement suggesting that they were not involved in this endeavor.