San Diego Business Journal

Slight Increase Boosts a Strong Local Economic Index

The University of San Diego’s economic index rose 0.4 percent in March to a level not seen since the exuberant days of 2005-2007.

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System Takes Stock of Pharmacy Inventory and Processes

TECH: Carlsbad Co. Uses Radio Frequency in Labels To Help Monitor Meds

Tiny numbers on tiny bottles, which need an eagle eye. Trays and tackle boxes full of medicine, which need a good check before they go back into an operating room. Those are some of the less-glamorous details in the life of a pharmacy technician — details that MEPS Real-Time Inc. wants to automate.

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Tide Turns in I.B.

DEVELOPMENT: Area’s Coastal Assets Effectively Used In Redevelopment

People with memories of Imperial Beach who have not seen the place in 10 or 20 years may be in for a surprise.

Navy Awards Coffman Specialties Inc. $18 Million Contract

The U.S. Navy awarded Mira Mesa-based Coffman Specialties Inc. an $18 million task order for runway repair and aircraft lighting repair at Naval Air Station Fallon in Nevada, east of Reno.

Callaway Golf Reports Q1 Net Income of $38.4 Million

Callaway Golf Co., the Carlsbad maker of clubs, balls and golf accessories, reported net income of $38.4 million, or 40 cents per diluted share, on net sales of $274.1 million during its first quarter, which ended March 31.

Kratos Subsidiary Working With Government of Oman

Kratos Defense & Security Solutions Inc. said April 26 that its Kratos ISE subsidiary was working with the government of Oman on an advanced space radio monitoring system.

Nimble Software Systems Receives $4 Million Series A Investment

Carlsbad-based Nimble Software Systems Inc. said April 25 that it received $4 million in series A funds from Australia-based Seek Ltd. The funding round closed April 16.

S.D. Defense Industry Prospers Under GOP Budget

Republicans on the House Armed Services Committee unveiled a Pentagon budget proposal for fiscal 2017 that modifies the Obama administration’s.

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FAA Gives Clearance for Qualcomm Drones to Take Flight

AVIATION: Experiment Collects Data For Flying In National Airspace

The scene looked very official on a recent Thursday at Qualcomm Inc.: there was a pilot in command, a visual observer and flight safety people. Crew members wore reflective vests, hardhats and safety glasses, carried checklists and kept an ear out for radio traffic. All for some experiments on a rolling patch of suburban lawn.

‘Excess Infrastructure’ Report Prompts Concerns over Closures

The 2017 Pentagon budget will come into a little more focus later this month as the House Armed Services Committee looks over the National Defense Authorization Act. It’s a big deal because the Pentagon spends a lot in San Diego County: $24.8 billion in fiscal 2015. That’s according to analysis by SDMAC, the San Diego Military Advisory Council.

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Inventor Sees Technology as a Guide For Visually Impaired

SOFTWARE: Agents Would Assist Clients Through Cameras, Data

Suman Kanuganti is trying to break down barriers.

Qualcomm Shows It’s Still in the Fight

TECH: Q2 Tops Forecast; Restructuring Is on Track

One year ago, everyone was down on Qualcomm Inc.

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The Magnolia State Christened at General Dynamics NASSCO

General Dynamics NASSCO was scheduled to christen the tanker Magnolia State on Saturday, April 23.

Zortman Assumes Chairman Role for San Diego Regional EDC

The San Diego Regional Economic Development Corp. announced the appointment of Jim Zortman as chairman. Zortman succeeds Vincent Mudd, managing partner at Carrier Johnson + Culture, who held the post since 2014.

Qualcomm Beats Earnings Estimate, Settles Dispute with LG Electronics

Wireless technology specialist Qualcomm Inc. reported net income of $1.2 billion, or 78 cents per share, on revenue of $5.6 billion in its second quarter, which ended March 27.

Kratos Awarded $5 Million Contract

Kratos Defense & Security Solutions Inc. said on April 20 that it received a $5.0 million contract for hardened tactical facilities.

Coherent Technical Services Awarded 2-Year, $20.5 Million Navy Contract

The U.S. Navy lab on Point Loma awarded Coherent Technical Services Inc. a two-year, $20.5 million contract modification to conduct research and development on emerging navigation technology.

Adtile Technologies Raises $2 Million From Private Investors

Adtile Technologies, a mobile software provider based in Sorrento Valley, said that it raised $2 million from undisclosed private investors.

Cubic Executive Tapped to Help Develop Transportation System App

A Cubic Corp. executive has joined a group investigating a new idea in public transportation — one that would bill a rider at the end of the month for all the transportation services that particular rider used.

Qualcomm, Chinese Co. Reach Patent License Agreement

Qualcomm Inc. announced on April 18 that it reached a patent license agreement with Yulong, an electronics company based in China.

Army Deals Worth $17.6 Million for GA-ASI

The U.S. Army recently awarded aerospace engineering work to General Atomics Aeronautical Systems Inc., which builds the Army’s Grey Eagle unmanned aircraft.

Navy Awards Contracts For Work on USS Theodore Roosevelt

The U.S. Navy recently awarded Virginia-based Huntington Ingalls Industries contracts covering an extended maintenance period for the aircraft carrier USS Theodore Roosevelt, which arrived in its new San Diego homeport in November.

S.D. Firm Among Four Small Businesses to Receive Pentagon Contracts

Herman/JCG Co. JV of San Diego is among four small businesses that received multiple-award contracts for design and build construction services, the Pentagon announced on April 8. The Army Corps of Engineers in Little Rock, Ark. awarded the deals.

LRAD Corp. Receives $490,000 Award From Foreign Customer

Electronics maker LRAD Corp. said on April 14 that it received an award worth slightly less than a half-million dollars from a coast guard agency in an unspecified country in Southeast Asia. It is a repeat customer.

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Experian’s ‘Special Forces’ Deploy Locally in Data, Analytics

A couple of years from now, the process of buying a car might be more of a self-service exercise.

Three County Firms Awarded Navy Contracts Worth Up to $50 Million

Three San Diego County small businesses received contracts to remove and install nonskid surfaces to the decks of U.S. Navy ships in the San Diego area. Work could extend to 2021.

Cubic Awarded Four-Year, $3.6 Million Contract

Cubic Corp. said April 11 that it received a four-year, $3.6 million contract to support the U.S. Army Europe Joint Multinational Readiness Center at Hohenfels in Bavaria, Germany.

WD-40 Reports Q2 Net Income of $13.7 Million

WD-40 Co., which produces its namesake lubricant as well as other chemicals, reported net income of $13.7 million, or 94 cents per diluted share, on net sales of $94.6 million in the second quarter ending Feb. 29.

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Former Qualcomm President Steve Altman Joins Enevate Corp.

San Diegan Steve Altman has joined the advisory board of Enevate Corp., an Irvine-based company developing a new kind of lithium-ion battery.

Novatel Wireless Sells One Hardware Line, Cancels Sale of Another

Novatel Wireless Inc. wrapped up a sale of hardware module product lines to Telit Wireless Solutions Inc. for $14.75 million, the company said on April 11.

Drawing a Line in the Cloud Against Corrupting Influences

Their Kickstarter campaign seeks $5.5 million to write software, but Brady Chatfield and Daniel Tweddell hope to use the crowdfunding website to gather something equally necessary: a large group of interested people who might contribute some time to their project.

Qualcomm Licenses Vehicle Charging Technology to UK Company

Qualcomm Inc. said on April 1 that it has signed an agreement to license its wireless electric vehicle charging technology to U.K.-based Ricardo PLC.

Gremlin Competition Could Benefit San Diego

Two companies with San Diego ties will compete to build small military aircraft that will travel in swarms and be reusable up to 20 times.

Northrop Grumman Awarded $30.3 Million Air Force Deal

The U.S. Air Force awarded Northrop Grumman Corp. a $30.3 million modification to a previously awarded contract for Lot 11 production of its Global Hawk aircraft.

Qualcomm Inc. Licenses Vehicle Charging Technology to UK Company

Qualcomm Inc. said on April 1 that it has signed an agreement to license its wireless electric vehicle charging technology to U.K.-based Ricardo PLC.

Northrop Grumman Awarded $30.3M Air Force Deal

The U.S. Air Force awarded Northrop Grumman Corp. a $30.3 million modification to a previously awarded contract for Lot 11 production of its Global Hawk aircraft.

Solpac Construction Wins $18.5 Million Navy Contract

Solpac Construction Inc., doing business as Soltek Pacific Construction Co., received an $18.5 million task order under a previously awarded multiple award construction contract from the U.S. Navy.

Navy Awards LRAD Corp. Five-Year, $7.4 Million Contract

The U.S. Navy awarded Rancho Bernardo-based LRAD Corp. an indefinite-delivery, indefinite-quantity contract that could be worth up to $7.4 million over five years.

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A Promise to Connect Media Like a Personal Server

SOFTWARE: App Designed To Decouple Access From Storage

Isn’t technology great? Your music, your photos, your videos are all digital now. The problem is that they are scattered all over the place, split among desktops and mobile devices made by different tech companies and running different operating systems.

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Getting The Jobs Done

TECH: S.D.’s Software Cluster Has a $12.2B Economic Impact

The Oceanside office of HireAHelper LLC is not quite polished yet. The business is an online marketplace that connects two parties — people in the process of moving a house or office, and laborers who can maneuver their belongings into a rental truck.

Army Awards Cubic Corp. 3-Year, $2.3 Million Contract

Cubic Corp. announced on March 29 that it received a three-year, $2.3 million task order from the U.S. Army.

S.D. Military Advisory Council Establishes Nonprofit, to Offer $15K Scholarship

The San Diego Military Advisory Council announced March 29 that it has established a charitable nonprofit arm and plans to continue offering a $15,000 academic scholarship.

Cox Boosts Internet Speed for 400 Tenants of Poway Business Park

Cox Communications has completed more than seven miles of its fiber-optic telecom network at the Poway Business Park, the company announced in late March.

Trabus Technologies Receives 3-Year Navy Contract Potentially Worth $7.4 Million

Trabus Technologies Inc., a small business based in Mission Valley, received an indefinite-delivery, indefinite-quantity contract from the U.S. Navy that could be worth as much as $7.4 million over three years.

Mitek Names Ritter Chief Technology Officer

Mitek Systems has hired Stephen Ritter as its chief technology officer, the company said March 23.

Qualcomm Ventures Participates in $27 Million Funding Round For Israeli Tech Co.

Qualcomm Ventures, the investment arm of Qualcomm Inc., took part in a $27 million series C funding round for Stratoscale, an Israeli company that makes technology for data centers, the San Diego organization said March 23.

Mad Catz to Voluntarily Delist from Toronto Stock Exchange

Mad Catz Interactive Inc., the San Diego-based videogame peripheral maker, said on March 24 that it plans to voluntarily take its stock off of the Toronto Stock Exchange while remaining on the NYSE MKT small cap exchange.

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Secure Investment

TECH: Venture Capitalists Betting On Maturing Cybersecurity Field

For Stephan Chenette, the time seemed right. After working in cybersecurity for the better part of two decades, Chenette figured October 2013 was the optimum time to start his own business.

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Sequestration’s Budget Ax Could Fall on San Diego in 2018

Defense Secretary Ash Carter warned against the possible return of sequestration in 2018, saying the program of federal budget cuts would cause uncertainty for the Pentagon. He made his remarks March 22 during testimony before the House Armed Services Committee.

Time Warner Begins Process to Increase Internet Speeds

Time Warner Cable said March 22 that it has begun a program to increase Internet speeds for its San Diego County customers. The cable system operates in the area of the county north of the San Diego River.

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