ELP laser turntable


A turntable that uses optics instead of a needle to reproduce music from vinyl. Has anyone heard this
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Yes, it was called Finial, Peter Moncrieff raved about it, I think it was more than ten years ago, after that was silence. If I recall correctly, there was a mention in TAS recently on a similar product, which did not sound very encouraging either. Obviously the technical problems, don't recall what kind actually, haven't been licked yet.
I think there was a very high end ($$$$$) laser tt from Japan that was in production. The name escapes me.
The ELP is the Finial turntable, rebadged after new backers stepped in to rescue the device from oblivion.
See a review of the ELP turntable here:
http://www.stereotimes.com/ELP_Turntable.htm