A Silicon Valley startup is trying to squeeze more energy out of sunlight by combining photovoltaic arrays with a technology to generate hot water, to lower the costs of both electricity and heat. Based in Mountain View, CA, and backed venture capitalist Vinod Khosla among others, Cogenra Solar has fielded only two installations thus far. … Continue reading “Cogenra’s Double Whammy: Solar Arrays that Generate Electricity and Hot Water”
Author: Tom Abate
Ban.jo Breaches the Barriers Between Location-Based Apps
More and more social networks are offering geolocation. How does a person keep up without joining every service under the sun? A Palo Alto, CA-based startup called Ban.jo hopes to become geo-location central by allowing iPhone or Android mobile users to see who’s nearby, no matter what social network they may be using. Ban.jo founder … Continue reading “Ban.jo Breaches the Barriers Between Location-Based Apps”
Startups Making Do with Fewer Workers, Kauffman Study Shows
Has the air gone out of the American economy? That’s the troubling suggestion of a new study showing how, even before the current downturn, fewer new firms were being formed and those that did open for business were hiring fewer workers. Titled “Starting Smaller, Staying Smaller: America’s Slow Leak in Job Creation,” the report looks … Continue reading “Startups Making Do with Fewer Workers, Kauffman Study Shows”
Sequenom, Illumina Team Up on Down Syndrome Test
A noninvasive diagnostic test for fetal Down syndrome is the hoped-for outcome a deal announced today under which Sequenom, the genetic testing vendor, will obtain tools from Illumina, which develops large-scale systems for genetic analysis. No dollar value was put on the three-year agreement, which calls for Sequenom and its subsidiaries to purchase sequencing equipment … Continue reading “Sequenom, Illumina Team Up on Down Syndrome Test”
Primus Sold to Precision Castparts
Oak Hill Capital Partners said today that it will sell Bellevue, WA-based aerospace components manufacturer Primus International to Precision Castparts of Portland, OR, for $900 million in cash. The transaction is expected to close in the third quarter of 2011. Oak Hill acquired Primus in 2006 for an undisclosed sum. Primus employs 1,500 people across … Continue reading “Primus Sold to Precision Castparts”