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KB Home Goes High Tech At New Irvine Development

socalTECH

KB Home's Genoa at Orchard Hills development will have 110 homes, ranging in size from 3,550 to 3,950 square feet, with prices beginning at $1.7M. KB Home explained that its DARWIN smart "home wellness technology" includes sensors monitoring air filtration, water purification and "restorative lighting". READ MORE>>.

High Tech 133
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Insights and Opinions: Founder Restricted Stock 101

socalTECH

With our Insights and Opinions section on socalTECH, we're trying to help the startup and high tech community, including including hints, tips, and other education on the world of high tech startups. The repurchase price is generally equal to the price the founder paid for the restricted stock, typically a nominal amount.

High Tech 147
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SoCal Investors To Benefit, As Pandora Bumps IPO Estimates

socalTECH

Pandora Media , the online personalized radio station service based out of Oakland, has bumped its estimated IPO pricing range this morning, and upped the number of shares it is planning to offer in its IPO. The firm said it will now offer 14,684,000 shares, estimated to price at between $10.00 per share estimated price.

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ICanBuy Gets Series A Funding

socalTECH

The firm said the funding came from high tech execs Vahid Manian and Massoud Dabir. ICanBuy develops a "mortgage match" widget which helps home buyers determine what they can afford in terms of home prices, and also what the best mortgage rates are for that buyer. Financial terms of the investment were not disclosed.

Funding 171
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NTS Gets Boeing Contract

socalTECH

NTS said the fixed price contract goes until January of 2011. NTS provides engineering services to the defense, aerospace, telecom, automotive, and high tech markets. NTS said that the division will provide Automated Test Equipment (ATE) support for Boeing's 777 program. Financial impact of the win was not disclosed.

Calabasas 145
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SolarCity Expands In Riverside With New Operations Center

socalTECH

Unlike the widespread pain being felt by solar panel manufacturers, SolarCity--one of the companies started by Elon Musk--has actually done well, sidestepping the bloodbath of falling solar panel prices and a glut of Chinese solar panels. SolarCity''s local operations are run by Jim Cahill, regional vice president of operations. READ MORE>>.

Riverside 174
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Energy Innovations' Assets On The Block

socalTECH

Energy Innovations had originally been targeting the residential market with its CPV panels, which it had expected to be more efficient and cheaper than conventional solar panels; however, the firm failed to deliver its products before prices for PV modules dropped due to economies of scale, plus competition from China and thin film modules.