Pfenex Raises $50 Million in IPO
Pfenex Inc., a Sorrento Valley biotech firm specializing in a class of drugs called biosimilars, raised $50 million in its initial public offering July 23, selling 8.33 million shares at $6 per share.
Cubic Defense Contract Is Potentially Worth $500 Million
The Pentagon said on July 23 that the Defense Threat Reduction Agency awarded Cubic Corp. a contract that could be worth up to $500 million over 10 years.
Qualcomm Reports Record Revenue
Qualcomm Inc. reported net income of $2.24 billion on revenue of $6.81 billion during its third quarter, which ended June 29.
Former Qualcomm Exec Joins Board of Brain Corp.
Steve Altman, the former president and vice chairman of Qualcomm Inc. who led the creation of that company’s technology licensing strategy, has joined the board of Brain Corp.
Companies Vie for Temporary Staffing Work at San Diego-Area Navy Hospitals
Task orders under the contract could be worth up to $130.4 million.
Omnitracs to Move Headquarters to Dallas
Omnitracs LLC is moving its head office from San Diego to Dallas with $3.9 million worth of help from Gov. Rick Perry’s Texas Enterprise Fund.
Tech Coast Angels Quick Pitch Contest Deadline Is Approaching
Tech Coast Angels has set July 31 as the deadline for fledgling technology businesses to apply for the John G. Watson Quick Pitch event, set for Sept. 25.
Stone Brewing to Open Facility in Germany
Stone Brewing Co. plans to spend more than $25 million renovating building for beer making.
Deadline for Quick Pitch Contest Is Approaching
Tech Coast Angels has set July 31 as the deadline for fledgling technology businesses to apply for the John G. Watson Quick Pitch event, set for Sept. 25.
Mtell’s Software Goes Looking For Trouble … Before It Happens
TECH: Predictive Analytics Applied to Industrial Equipment
Industrial software writer Mtell might not be able to repeat its recent 375 percent growth spurt, but it’s making more people take notice.
Edico’s Strategy Is To ‘Come in Second’
TECH: Its Chip Makes Sense Of Genome Sequencing Data
Armed with fresh venture funding and steered by some of the best thinkers in biotechnology, San Diego-based Edico Genome is headed to market with a specialized microchip that it hopes will become the definitive second step in processing a genome.
Omnitracs Is Moving Headquarters to Dallas; Co. Will Maintain a Local Office
Omnitracs LLC is moving its head office from San Diego to Dallas with $3.9 million worth of help from Gov. Rick Perry’s Texas Enterprise Fund.
Local Tribe to Offer Wagering on Online Poker
A business run by a San Diego County American Indian tribe has begun hosting poker games on the Internet.
Kratos Receives Army Contract Potentially Worth 34.8M
Kratos Defense & Security Solutions Inc. said July 15 that it received a U.S. Army contract that could be worth up to $34.8 million over five years.
Edico Genome Gets $10 Million in Series A Financing
Edico Genome, a San Diego bioinformatics chip maker, announced July 17 that it received $10 million in Series A venture funds.
General Atomics Receives $38.8M Army Deal for Explosives Detection
The U.S. Army awarded Poway-based General Atomics Aeronautical Systems Inc. a $38.8 million, one-year contract modification to operate, sustain and integrate Highlighter sensors able to detect improvised explosive devices.
Law Partner Named to Cybersecurity Board
Andrew Serwin, a partner at the law firm of Morrison & Foerster LLP, has been named to the board of the National Cyber-Forensics and Training Alliance. The alliance is a nonprofit
ScoreStream Gets Ready for Some Football With $800,000 in Debt Funding
ScoreStream Inc., which offers high school sports scores in real time, told U.S. securities regulators earlier this month that it issued $800,000 in convertible debt funding.
General Atomics ASI Is Seeking International Customers for Predator XP
General Atomics Aeronautical Systems Inc. used England’s Farnborough International Air Show to announce the first flight of its Predator aircraft built for markets in the developing world.
Daylight Defense Gets Research Grant From Army
Daylight Defense LLC of Rancho Bernardo said that it received a Small Business Innovation Research grant from the U.S. Army to develop next-generation high-power ultraviolet laser capability to support future defense applications.
Kratos Reports $4.2M Unmanned Aerial Systems Contract
Kratos Defense & Security Solutions Inc. said that it recently received a $4.2 million contract for unmanned aerial systems from a longstanding customer.
SDG&E Is First (Utility) in Unmanned Flight With Drone Testing
Setting the stage for unmanned aircraft inspecting power lines, the Federal Aviation Administration gave San Diego Gas & Electric Co. permission to conduct test flights of a small drone in certain rural areas away from houses and in a San Diego utility yard, SDG&E said on July 11.
Royal Australian Navy Taps Tapestry Solutions for Software Work
Kearny Mesa-based Tapestry Solutions said that it received a multimillion-dollar contract from the Royal Australian Navy to create a software tool for a new class of ship.
Tapestry Solutions Gets Royal Australian Navy Contract
Kearny Mesa-based Tapestry Solutions said that it received a multimillion-dollar contract from the Royal Australian Navy to create a software tool for a new class of ship.
SDG&E Is First Utility Given Permission to Flight-Test Drones
Setting the stage for unmanned aircraft inspecting power lines, the Federal Aviation Administration gave San Diego Gas & Electric Co. permission to conduct test flights of a small drone in certain rural areas away from houses and in a San Diego utility yard, SDG&E said on July 11.
If It Ships, I’m on it; the Business of Logistics Is Now on My Beat
(Editor’s note: This week the San Diego Business Journal debuts a new column from a familiar face, our own Brad Graves, who will add logistics and all that it entails to his coverage areas. He will continue to cover technology and the defense industry, including his column on technology, which he will alternate with his new logistics column.)
Game-Changing Railgun Moves to Next Phase of Development
DEFENSE: System Shoots Projectiles 7 Times Faster Than the Speed of Sound
General Atomics may have been feeling more like a bridesmaid than a bride on a sunny July morning at Naval Base San Diego.
Cubic Sees Military System Making Transition to Civilian Service
LOGISTICS: Tracking Technology’s Uses Being Put To the Test at a Florida Port
When American forces came home from Iraq, they had to take tens of thousands of vehicles with them, shipping them out through a base in Kuwait. And Kearny Mesa-based Cubic Corp. helped the U.S. Army stay on top of that logistical challenge with some specialized radio technology.
Innovation: Crowdfunding Effort Helps Steak Locker Creator Make the Cut
TECHnology: Home Appliance Uses App as Part Of Recipe for Better Beef
East Village resident Nadia Bruno and her friends had a hunch — or maybe it was a haunch — that their culinary idea might appeal to the consumer market. Their idea was to make a specialized refrigerator to be used exclusively for dry-aging steaks.
Language Debate Hits Internet of Things
TECH: Big Players Split on Adopting M2M Standards
A 7-month-old proposal to create a universal language for the Internet of Things — put forward by Qualcomm Inc. and joined by 50 companies — now faces some competition.
Qualcomm Sees Benefits in Having Uplinq Conference Elsewhere
Qualcomm is changing the venue of its annual Uplinq conference.
Northrop Grumman Gets NASA Contract for Drone Work
NASA said earlier this month that it awarded Northrop Grumman Corp. a five-year contract for engineering and maintenance on the space agency’s two Global Hawk high-altitude aircraft, which are hand-me-downs from the U.S. Air Force.
Michaelson Named President at Katz & Associates
Katz & Associates said it has handed day-to-day management of the public relations firm to Lewis Michaelson, who has been named president.
Destroyer Work Worth $15.9 Million for BAE Systems
The U.S. Navy said July 9 that it awarded BAE Systems San Diego Ship Repair a $15.9 million contract modification to do dry dock work on the Arleigh Burke-class destroyer USS Decatur.
Beetham Appointed CEO at Cibus
Peter Beetham has taken the CEO’s job at Cibus, the Mira Mesa-based biotech announced July 8.
ES3 Defense Deal Potentially Worth $7.5M
The U.S. Air Force said on July 8 that it awarded a downtown San Diego company a contract for landing gear emergency response engineering services with a ceiling of $7.5 million.
Qualcomm Enlists Chinese Manufacturer to Make Snapdragon Processors
Snapdragon processors power smartphones and tablets.
RedIT Completes Data Center Expansion in Rancho Bernardo
The project included adding a network operations center.
Poway Company Gets FDA Approval to Market Assay for Iron Deficiencies
Diazyme Laboratories is part of General Atomics.
Texas Takes One More
Active Network LLC will move its headquarters to Dallas with the help of $8.6 million in incentives from the state of Texas.
ViaSat Signs 'Pioneering' Roaming Deal
ViaSat Inc. and Paris-based Eutelsat Communications said on July 1 that they signed what ViaSat called “a pioneering agreement” letting customers of one carrier roam on the other. Financial terms of the deal were not disclosed.
Navy Deal Worth $9.1M for Pacific Ship Repair
The U.S. Navy announced on July 1 that it awarded a $9.1 million contract modification to San Diego-based Pacific Ship Repair and Fabrication Inc. for work on a destroyer in Everett, Wash.
Pacific Ship Repair Gets $9.1M Navy Contract
The U.S. Navy announced on July 1 that it awarded a $9.1 million contract modification to San Diego-based Pacific Ship Repair and Fabrication Inc. for work on a destroyer in Everett, Wash.
ViaSat Enters 'Pioneering' Roaming Deal
ViaSat Inc. and Paris-based Eutelsat Communications said on July 1 that they signed what ViaSat called “a pioneering agreement” letting customers of one carrier roam on the other.
Active Network Announces Move to Dallas
Active Network LLC will move its headquarters to Dallas with the help of $8.6 million in incentives from the state of Texas.
Business Process Tool Seeks to Put Time in Manager’s Control
Software: BP Logix’s BPM Offering Adds Ability To Predict, Learn From Past
Project managers who lament that it never seems to take the amount of time to do things as they thought might want to look at what BP Logix Inc. has developed.
On Offense
SPORT: SKLZ Sees New Partnership, Products as Ways to Run Up Its Score
Carlsbad-based SKLZ has grown in 12 years from a single-product company — with a training gadget called the Hit-A-Way for perfecting one’s baseball swing — into a $72 million business offering 300 training products in multiple sports.
Operations at West Coast Ports to Continue Despite Contract Expiration
Operations at the Port of San Diego and 28 other West Coast ports were set to continue after a labor contract covering dock workers expired at 5 p.m. July 1.
Qualcomm Looking Down Wi-Fi Road With Wilocity Buy
Qualcomm Inc. said late July 2 that it acquired Wilocity, a chip maker based in Silicon Valley and Israel, for undisclosed terms.
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