Explay was an Israeli start-up focused on Pico Projectors, and were bought by ADM (for only $555,000) towards the end of 2009. Explay were working on a pico-projector module , but also wanted to make standalone projector (to be called the OiO).
It's not clear what will happen to the company now that they have been bought, we'll have to wait for news from ADM.