Monday, April 11, 2011OnGreen Plans Chinese Investment RoadshowLos Angeles-based OnGreen, the online marketplace for clean technology deals, said Monday that it is planning to give away trips for five CEOs to a Chinese investment roadshow it is running in June. The firm said the trips are part of a plan to connect Hong Kong and Jiangsu Province investors with companies seeking investment capital. OnGreen said it is running the roadshow in conjunction with the Hong Kong Trade Development Commission. OnGreen, which is headed by Nikhil R. Jain, lets companies (More info...)
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Avatar's James Cameron Boots Up New 3D Technology Firm3D filmmaker James Cameron of Avatar fame announced Monday that he has launched a new, technology firm based in Burbank focused on creating 3D technology. According to Cameron, he has launched the CAMERON - PACE Group with fellow 3D technology developer Vince Pace, which will focus on new camera systems, services, and other related tools for the 3D market. The firm said that the company's technologies, products and services have been used in such projects as Avatar, TRON: Legacy, u2 3D and Resid (More info...)
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Google Invests $168M In Mojave Power PlantSearch engine giant Google announced Monday afternoon that it is investing $168M in a plant in Mojave. According to the firm, the investment will go towards a solar energy power plant, the Ivanpah Solar Electric Generating System (ISEGS) being developed by Brightsource Energy. Google said it has invested over $250M in the clean energy sector. Brightsource's power project is based on heliostats, which use concentrated solar to generate steam, powering a traditional power turbine and generator. Go (More info...)
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Apriso Lands CumminsLong Beach-based Apriso said Monday that it has landed manufacturer Cummins Inc. as a customer. Financial details of the win were not announced, however, Apriso said that Cummins has standardized on the firm's FlexNet software as its enterprise manufacturing execution system. Apriso's others customers include GM, Volvo, Honeywell, and others; the firm is venture backed by Brentwood Venture Capital, CMEA, LogiSpring, SAP Ventures, and WallStreet Technology Partners.
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Nirvanix Targets Iron Mountain CustomersSan Diego-based Nirvanix, the cloud storage firm, is targeting customers of Iron Mountain, after Iron Mountain said it will stop offerings its own cloud storage services. Nirvanix said over the weekend that it will offer free data migration services to Iron Mountain customers who want to migrate to the service, plus 30 free days of unlimited storage. Nirvanix said it currently has over 1,200 companies using its cloud backup software. Nirvanix offers up backup and cloud storage services to compan (More info...)
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Boingo Drops UK, Ireland PricingLos Angeles-based Boingo Wireless, the operator of a global network of Wi-Fi access points, said this morning that it has lowered pricing on its UK and Ireland access plan. The firm said it reduced pricing by 20% for its unlimited Wi-Fi plan. The firm said it is aiming at consumers in the country looking to get past expensive roaming prices for mobile broadband service. Boingo said it has added nearly 120,000 more hotspots in the region since its launch a year ago in the UK and Ireland.
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Zumbox Scores New Zealand PostWestlake Village-based Zumbox, the digital postal delivery service headed by John Payne, announced this morning that it has scored a licensing deal with New Zealand Post. Zumbox said that the postal service has licensed its platform to develop market offerings to provide mailers and consumers a way to digitally deliver and store postal mail. Financial details of the win were not disclosed. Zumbox is developing white label software for delivering digital mail based on street address, rather than (More info...)
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RealD In Deal With AvidLos Angeles-based RealD, the developer of 3D movie projection technology, announced this morning that media editing technology firm Avid has licensed its RealD format. financial terms of the deal were not disclosed. RealD said that its technology has been integrated into Avid's Media Composer video editing system.
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NanoH2O Bolsters ExecsLos Angeles-based NanoH2O, the clean technology startup developing reverse osmosis membranes for water desalination, announced this morning that it has hired Randy Truber as Director of Global Sales Strategies. The firm, which is headed by technology vet Jeff Green, and based on research out of UCLA, said that Truby will bolster its commercial team. Truby joins the firm from Toray Membranes USA, and also has served at Fluid Systems and Hydranautics. NanoH2O is venture backed by Khosla Ventures, (More info...)
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THQ's RIO Debuts On April 12thAgoura Hills-based THQ has set the launch date for its new series of videogames based on the RIO movie. The firm said it will debut its new RIO video game on April 12th, on the Xbox 360, PlayStation 3, Wii, and Nintendo DS. THQ and Twentieth Century Fox announced the games in February.
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GreenScreen Animals Gets Funding, Hires PriceGrabber ExecLos Angeles-based GreenScreen Animals, a firm developing a library of digital animal footage and stills for Hollywood, announced this morning that it has received a Series A funding round. Size and source of the funding was not announced. As part of the funding, the company said it has hired Laura Conrad as CEO. Conrad was previously President of PriceGrabber.com, and also had served as Chief Operating Officer of Experience Interactive Group. She also served at as Chief Financial Officer of Expe (More info...)
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MabVax Therapeutics Gets SBIR GrantSan Diego-based MabVax Therapeutics, a biotechnology firm developing cancer treatments based on vaccine and antibody based therapies, said this morning that it has received $1.8M in a Phase 2, Small Business Innovation Research award. The award came from the National Cancer Institute. The SBIR grant is broken up into an initial grant worth $150,000, a second year award of $974,000, and a third year worth $878,000. The firm said the funding will go towards a Phase II clinical trial.
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Sorenson Media Opens LA OfficeSan Diego-based Sorenson Media, the developer of video encoding and decoding software, announced this morning that it has opened up a new office in Los Angeles. Sorenson said the new office will service its clients in the media and entertainment industry. The new office will be overseen by Kirk Punches, Vice President of Business Development.
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AWR Expands In ChinaEl Segundo-based AWR, the developer of high frequency, electronic design automation (EDA) software, said today that it has opened up a new office in China. The firm said the office, its third in Asia, will provide direct sales and support. AWR already has offices in Tokyo and Seoul.
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