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RED Digital Cinema has announced some major changes to the company regarding the Hydrogen smartphone project and founder Jim Jannard.

Everything changes—at least according to RED founder Jim Jannard who echoed that sentiment in the opening words of a surprising post on the RED Digital Cinema forums, announcing that not only is the Hydrogen project being canceled, but he is retiring from the company after opening its doors back in 2005 due to health issues.

Jannard writes:

I have spent the past 45 years building “inventions wrapped in art”. Just now turning 70 and having a few health issues, it is now time for me to retire. I will be shutting down the HYDROGEN project, ending a career that has included Oakley, RED Digital Cinema and HYDROGEN. I am very proud to have worked with many great people over the years who have signed on to the vision.

RED Digital Cinema will continue stronger than ever with Jarred, Tommy and Jamin at the controls. Komodo is about to be launched… and the HYDROGEN One will continue to be supported in the future.

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Source: No Film School