Friday, April 25, 2014
SpaceX Soft Lands Falcon 9, Says Musk
Hawthorne-based SpaceX successfully "soft landed" its Falcon 9 rocket last week, as part of the successful resupply mission to the International Space Station--the precursor to landing the Falcon 9 on land. According to Elon Musk, in a surprise press conference Friday, SpaceX wants to eventually land its rockets with the accuracy of a helicopter on dry land--somtehing which would enable its rockets to be recovered and reused. The test this time was over water, with the rocket landing softly vert (More info...)

posted on Friday, April 25, 2014(Full story)

Stockr Gets More Funding
Santa Monica-based Stockr, the online stock-focused, social network which was founded by Vinny Jindal, Tim Symington and Brendon Crawford, has scored a new round of angel funding. The funding included STAR Angel Network, the New York City angel network founded by the NBA's Jared Jeffries. Size of the new funding round was not disclosed. Shawn Rogers of STAR has joined the company's board as part of the funding.

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ViaSat Wins $283M In Patent Infringement Suit
Carlsbad-based satellite and wireless networking systems and services firm ViaSat reported late last yesterday that it has been awarded $283M in damages, as part of a patent infringement and breach of contract case. ViaSat said a federal court jury awarded the damages in its case against Space Systems/Loral, finding that Space Systems/Loral infringed on three of its patents, as well as breached a non disclosure and manufacturing contract between the companies. The two have been locked in the pat (More info...)

posted on Friday, April 25, 2014(Full story)

Sightly Launches Video Ad Platform
San Diego-based Sightly, which develops video advertising technology, said Thurday that it has launched a new platform aimed at delivering personalized, video ads from local businesses to prospective customers. Sightly--which is backed by Mack Capital, Tomorrow Ventures, and 500 Startups--said its new TargetView product is aimed at helping brands and local businesses deliver tailored, video ads based on what devices consumers are watching, and their location. Sightly said its video ad platform p (More info...)

posted on Friday, April 25, 2014(Full story)

Domain Elite Invests In SMART Medical Systems
Domain Elite, the joint venture between San Diego investor Domain Associates and China's Elite Consulting, said today that it has made an investment in SMART Medical Systems, a developer of endoscopy and colonoscopy products. Domain Elite said it invested $6.5M in SMART Medical, which is headquartered in Israel but has operations in China. Domain Elite said that SMART Medical Sysetms has developed an endoscope specifically for colonoscopy, which uses balloon technology to help uncover hidden, pr (More info...)

posted on Friday, April 25, 2014(Full story)

Safire Partners Executive Search
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ECJ Assists International Client with Facebook Agreement
Ervin Cohen & Jessup LLP (“ECJ”) acted as California counsel for Ascenta (UK) Limited in the March 2014 acquisition by Facebook’s Connectivity Lab of Ascenta's team and know-how responsible for the development of solar-powered drones. According to news reports, Facebook hopes to use high-altitude long-endurance air crafts to bring Internet service to the 5 billion people who currently lack it.

ECJ's partners Randy Leff and Ken Luer worked with Ascenta's London-based counsel, the law firm of Addleshaw Goddard LLP, and Alan Rajah of Lawrence Grant Chartered Accountants, with respect to U.S. intellectual property law and California legal issues related to the transaction.

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