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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Startup Ciari Guitars Looks to Win By a Neck

After Jonathan Spangler’s San Diego-based guitar startup made its big debut in America’s Music City, Spangler is gearing up to manufacture and sell his first products this summer. His company, Ciari Guitars, creates professional-quality, foldable guitars designed to fit into the carry-on compartment of an airplane.

PSemi Names New CEO

San Diego chipmaker PSemi Corp. and its parent company, Murata Manufacturing Co. Ltd., have named a new CEO for PSemi. Sumit Tomar will take the job on July 1.

Anheuser-Busch Acquires Cutwater Spirits

Founded in 2016, Cutwater Spirits was founded by Ballast Point and will continue to be led by its senior management team.

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With Market Intelligence, Co. Hits the Beach Running

RETAIL: Sand Cloud Changed Business Plan to Maximize Growth

In the words of famous musician Jay-Z: men lie, women lie, numbers don’t.

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Tourism & Hospitality: Cannabiniers Wants Piece Of The Pie

According to The State of Legal Marijuana Markets report, released mid-2018 by Arcview Market Research and BDS Analytics, the legal cannabis business in the United States is projected to be a $23 billion industry by 2022. And, Little Italy-headquartered Cannabiniers, a cannabis brand management company, wants a piece of the pie.

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Tourism & Hospitality: Angel Shave Club Hopes To Empower Women

For Iskra Tsenkova, launching a women-focused shave club wasn’t just about providing girls with inexpensive, female-centric shaving tools, but a way to use the universal platform of shaving to inspire women around the world.

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Cellular Aquaculture Co. Seeks to ‘Grow’ Seafood

ENVIRONMENT: BlueNalu Puts A Biotech Twist on Catching Dinner

To satisfy the world’s growing appetite for seafood, one San Diego company is exploring laboratories rather than the ocean.

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Defense & Technology: Northrop Grumman Gets Fire Scout Work

The U.S. Navy is buying five additional MQ-8C Fire Scout helicopters from Northrop Grumman Corp., as well as two lightweight fuel cells, under a $55.1 million contract modification awarded on Jan. 30.

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Teamwork Athletic Apparel to Lay Off 90 Employees

The terminated positions include customer service representatives and material bundlers.

San Diego Kombucha Startup Moves to 'Historic' Digs; Athletes, VCs Invest

JuneShine, a one-year-old kombucha startup, moved into Ballast Point's former Scripps Ranch facility after closing a seed round of funding.

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Lithium-Battery Maker Flux Power Grows Revenue

Flux Power Holdings Inc. reported a net loss of $2.92 million on revenues of $2.7 million for the second quarter of its fiscal year. Revenue grew 126 percent from the same quarter last year, when Flux had $1.2 million in sales.

Navy Renames Point Loma Labs

SPAWAR Systems Center Pacific, the U.S. Navy’s electronics lab complex on Point Loma, has changed its name to Naval Information Warfare Center Pacific.

Sempra to Sell Wind Assets for $551M

Sempra Energy said on Feb. 12 that it has agreed to sell its wind generation assets to American Electric Power for $551 million in cash. It's part of a wider effort to divest of its generation and natural gas storage assets.

JuneShine Acquires Ballast Point’s Scripps Ranch Facility

JuneShine’s North Park location will remain open concurrently.

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Viasat Grows Revenue, Orders Third ViaSat-3 Satellite

Satellite communications specialist Viasat Inc. reported a net loss of $10.4 million, or 17 cents per share, on total revenues of $554.7 million during its third quarter, which ended on Dec. 31. The Carlsbad-based corporation reported “exceptional performance” that set revenue records for its three business segments.

Tesla Agrees to Buy Maxwell Technologies for $218M

Tesla Inc. has agreed to buy Maxwell Technologies, a San Diego company specializing in industrial-grade and vehicle-grade capacitors. Tesla has agreed to pay $4.75 per share of Maxwell (Nasdaq: MXWL) stock in an all-stock deal. The price is a 55 percent premium over Maxwell’s $3.07 closing share price on the previous trading day, Feb. 1.

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