SD TECHNOLOGYRecent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...
TECH: President Sees Telecommunications Act As Enforcement Tool
CEO Lori Steele Contorer sometimes reaches for the term “utility” when describing the Internet. In a way, it’s similar to electricity or phone service.
San Diego-based Reva Medical Inc., a medical device company developing stents that can be absorbed by the body, announced that the $25 million financing transaction approved by shareholders on Oct. 31 has been successfully completed.
Becton, Dickinson and Co. and CareFusion Corp. announced that the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding Becton’s proposed acquisition of San Diego-based CareFusion expired on Nov. 19.
LRAD Corp., the Rancho Bernardo maker of high-volume acoustic devices used by the military and law enforcement, reported net income of $3.3 million for fiscal 2014, up 164 percent from the $1.3 million recorded in fiscal 2013.
Qualcomm Inc. executives spoke about long-term growth with New York analysts on Wednesday, saying the company expects revenue — which was $26.5 billion in fiscal 2014 — to grow at a compound annual growth rate of 8-10 percent through fiscal 2019.
Isaac Capital Group LLC, a San Diego-based private investment firm, said it closed a $5 million preferred stock purchase in Dataram Corp., a New Jersey-based manufacturer of computer memory and software products.
Evolva Holding SA announced it has agreed to acquire San Diego-based Allylix Inc. in an all-stock transaction.
Organovo Holdings Inc., a company that creates human tissues by 3-D bioprinting, announced the release of a commercial version of its bioprinted human liver tissue, specifically designed for testing drug toxicity.
Franklin Wireless Corp., a San Diego maker of high-speed wireless modems and routers, reported fiscal 2015 first quarter net sales of $13.6 million, compared with $1.4 million in net sales for the like period of the prior fiscal year.
IFAN Financial Inc., a San Diego company that develops and distributes software to enable mobile payments, said it completed a share exchange with shareholders of Mobicash America Inc., and acquired the business as a wholly owned subsidiary.
San Diego-based 5Barz International Inc., which produces wireless communications infrastructure, said in a Nov. 17 securities filing that it raised $3.45 million by selling 23 million shares at 15 cents per share. The business sold the shares between March 6 and Nov. 14.
Soci, an Internet company based in downtown San Diego, said it received $1.5 million in series A funding. Peter Fisher, co-founder of Shepherd Ventures, led the round. Silicon Valley Growth Syndicate provided the anchor investment. Other investors included Asaf Benhaim, Trevor Klein and David Klein.
San Diego-based Human Longevity Inc., a biological data-driven human health technology and cell therapy company, announced a collaborative agreement with King’s College London to access its TwinsUK Registry.
InfoSonics Corp. — the San Diego company behind the verykool brand of smartphones and tablets, which it distributes to customers in the Americas — reported a net loss of $633,000 on net sales of $8.1 million during its third quarter. The company essentially broke even in the same quarter one year ago, with net income of $34,000 on net sales of $9.9 million.
CLEAN-TECH: It Replaces Construction Trailer With a Sustainable Work Environment
A local construction company has discovered an eco-friendly and cost-effective use for those recycled shipping containers that have become the latest fad in green homebuilding.