Wednesday, June 17, 2009CommNexus Launches Incubation EffortSan Diego-based CommNexus, an industry group focused on the wireless industry, said Wednesday that the firm has created a new, related effort called EvoNexus, which will incubate communications technology and related startups. According to CommNexus, the new incubator--which has a facility in the Sorrento Valley--will support 10-12 San Diego-based startup-up companies. The new incubator will provide no-cost, fully furnished office space, utilities, broadband, educational programs, and other reso (More info...)
posted on Wednesday, June 17, 2009(Full story)
FreedomSpeaks Rolls Out White Label APILos Angeles-based FreedomSpeaks, which provides online tools for connecting voters with elected officials, said Wednesday that the firm has rolled out a new web based application programming interface (API). According to the firm, the new API will allow organizations to "white label" the firm's engine, and connect their members and others with their local elected officials. The new API allows organizations to automatically deliver fax and e-mail messages to the right representatives, and also to (More info...)
posted on Wednesday, June 17, 2009(Full story)
XCast Labs Adds Videomail Support For BlackberryLos Angeles-based XCast Labs, a developer of voice-over-IP technology and services, announced today that the firm has rolled out its IP video mail services to BlackBerry deviecs. XCast, which is venture backed by Siemer and Associates, Frontera Capital and the Pasadena Angels, said the addition of its video mail service allows users of Blackberry Curve, Pearl, or Storm devices to receive video messages by automatically providing the correct video messaging format depending on device model and fi (More info...)
posted on Wednesday, June 17, 2009(Full story)
EcoDog Scores Angel FundingSan Diego-based EcoDog, a developer of home energy efficiency and monitoring systems, said this morning that the firm has raised a round of angel funding. Amount of the funding was not disclosed. According to EcoDog, the funding came from Tom Page, who is the former head of San Diego Gas & Electric and Enova Corp. EcoDog said the funding came ahead of a $5.6M, venture capital round that the firm said will complete by the end of the year. EcoDog develops energy monitoring software and hardware wh (More info...)
posted on Wednesday, June 17, 2009(Full story)
QAD Swaps Employee OptionsSanta Barbara-based QAD, a developer of software for the manufacturing industry, disclosed today that the firm has begun a stock options exchange for its employees. According to the firm, it will allow non-director employees, excluding its CEO, President, board members, and consultants, to participate in the exchange. The firm said it will allow those employees to exchange their outstanding stock options for a reduced number of new options, equal to the price of the firm's company stock on July (More info...)
posted on Wednesday, June 17, 2009(Full story)
Maxwell Technologies, ISE Ink Deal Around Hybrid Bus and Truck PowerSan Diego-based Maxwell Technologies and Poway-based ISE Corporation reported this morning that the two companies are in a strategic alliance around development of energy storage systems for hybrid buses and trucks. Maxwell--which manufacturers energy storage products--and ISE Corporation, a developer of hybrid propulsion systems for heavy duty vehicles--said they have signed a Memorandum of Understanding around development and marketing of high voltage, energy storage systems for hybrid buses a (More info...)
posted on Wednesday, June 17, 2009(Full story)
H2O Audio Links With Michael PhelpsSan Diego-based H2O Audio, a developer of waterproof headphones and other accessories, said yesterday that the firm has inked a multi-year partnership with Olympic swimmer Michael Phelps. H2O Audio said that the firm and Phelps will collaborate on product development and marketing initiatives. Financial details of the deal were not disclosed. Phelps' image and voice will be used on H2O Audio's product packaging, advertising, and displays, the firm said, with a campaign to launch in the summer.
posted on Wednesday, June 17, 2009(Full story)
MRV Dropped From NasdaqChatsworth-based MRV Communications has been dropped from the NASDAQ Stock Market, the firm said this morning, saying that it has failed to demonstrate compliance with various Nasdaq Marketplace Rules around filing of quarterly and annual reports. The delisting came as a result of a restatement of the firm's financial statements. MRV said in June of 2008 that it was conducting an investigation of the firm's historical stock option granting process; that investigation has prevented the firm from (More info...)
posted on Wednesday, June 17, 2009(Full story)
Interview with Greg Brogger, SharesPostYesterday, Santa Monica-based SharesPost (www.sharespost.com) launched a new service of particular interest to the venture capital and high tech startup market, a new, online service which facilitates the buying and selling of private company stock. We caught up with Greg Brogger, the firm's CEO, to understand the service and how it might help private investors.
Explain how your service works?
Greg Brogger: What we're trying to do, is to connect buyers and sellers of private company stock. (More info...)
posted on Wednesday, June 17, 2009(Full story)
Halozyme Therapeutics Names VPSan Diego-based Halozyme Therapeutics reported today that the firm has named H. Michael Shepard, Ph.D., as the firm's new Vice President of Discovery Research. According to Halozyme, Shepard was most recently at Receptor Biologix, where he was founder and President. He has also served at Canji, and worked at Genentech on that firm's Herceptin compound. Halozyme is developing biopharmaceuticals targeted at the endocrinology, oncology, dermatology and drug delivery markets.
posted on Wednesday, June 17, 2009(Full story)