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AeroVironment, SoftBank In $65M JV To Develop Unmanned Aircraft

socalTECH

Monrovia, California-based AeroVironment said on Wednesday that it is in a joint venture to develop a solar powered, high-altitude, long-endurance unmanned aircraft system, potentially worth up to $65,011,081. The joint venture is with HAPSMobile , which is 95 percent owned by Japanese technology giant SoftBank Corp.

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Prolacta Ties With Susan G. Komen for the Cure

socalTECH

Monrovia, California-based Prolacta Bioscience , the venture backed firm developing human milk fortifiers for premature infants, announced this morning that it will be donating funds to the Susan G. Komen for the Cure as part of its milk donation program.

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Ondax Raises $2M More

socalTECH

Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.

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Soliant Opens Pilot Plant

socalTECH

Monrovia-based Soliant Energy , a developer of solar concentrators, is opening up its new pilot production plant in Monrovia today, saying that the plant will produce up to 1 megawatt of solar panels annually. The firm is having a ribbon cutting on the plant this morning with Congressman David Dreier. READ MORE>>.

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Prolacta Links With National Milk Bank

socalTECH

Monrovia-based Prolacta Bioscience , the venture-backed provider of human milk-based fortifiers for premature infants, said today that it has inked a deal with the National Milk Bank , where the firm will process all of the milk through the bank for conversion into human milk formulations. READ MORE>>.

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Soliant Energy Names Marketing VP

socalTECH

Monrovia-based Soliant Energy , a developer of concentrated solar energy systems, announced this morning that it has added Ben Jamison as the firm's new Vice President of Marketing. Soliant is venture backed by Convexa Capital, GE Energy, Nth Power, Rincon Venture Partners, Rockport Capital Partners, and Trinity Ventures.

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Soliant Energy Gets UL Listing

socalTECH

Monrovia-based Soliant Energy , which develops concentrating photovoltaic solar energy systems, said today that the firm's flagship product, the SE-500X, has received UL listing from Underwriters Laboratories. READ MORE>>.

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