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.
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.
Founded in 2016, Cutwater Spirits was founded by Ballast Point and will continue to be led by its senior management team.
RETAIL: Sand Cloud Changed Business Plan to Maximize Growth
In the words of famous musician Jay-Z: men lie, women lie, numbers don’t.
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.
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.
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.
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.
The terminated positions include customer service representatives and material bundlers.
JuneShine, a one-year-old kombucha startup, moved into Ballast Point's former Scripps Ranch facility after closing a seed round of funding.
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.
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 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’s North Park location will remain open concurrently.
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 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.