The story
Cis-Lunar originally aimed to develop space suit kits, but the early 2000s recession reportedly hindered its ability to finance the mass production of the MK5 rebreather, which featured designs intended to reduce system and mission failures.
In 2005, the Swedish diving equipment manufacturer Poseidon acquired Cis-Lunar's technology. Bill Stone, founder of Stone Aerospace, was appointed to lead a Poseidon team designing a new closed-circuit rebreather.
From Wikipedia’s article on Cis-Lunar, shared under CC BY-SA 4.0.3