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TuSimple, Navistar Terminate Joint Development Deal

socalTECH

San Diego-based autonomous trucking technology developer TuSimple and truck and diesel engine manufacturer Navistar said Monday that the two companies have ended their co-development deal. The two had signed the joint development deal in 2020.

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TriTech, NASA In Economic Development, Technology Transfer Agreement

socalTECH

TriTech Small Business Development Center (SBDC), which provides consulting and training to high tech entrepreneurs, and NASA Armstrong Flight Research Center , in Edwards, California, are in a new economic development, technology transfer, and research relationship, the two announced on Thursday. READ MORE>>.

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San Diego Angel Conference Backs Five Companies

socalTECH

The San Diego Angel Conference, an angel investing effort which is run by the University of San Diego (USD) School of Business, says it has made investments in five companies at its conference this year, worth a total of $500,000.

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Tesla Buys San Diego's Maxwell Technologies For Energy Storage Tech

socalTECH

Tesla Motors , the electric car-and-solar panel company led by Elon Musk, is acquiring San Diego-based technology developer Maxwell Technologies , in a deal worth approximately $218M, the companies announced on Monday. per share for all of the outstanding stock of Maxwell Technologies.

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Walmart: Turning San Diego Into Its Technology Center

socalTECH

When people think Walmart , they don't often think of the retail giant as a technology leader. However, the company's technology team, Walmart Labs (www.walmartlabs.com)--which said this month that it is planning on major growth in San Diego is responsible for the company's key supply chain technology, online e-commerce site, and much more.

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Qpex Biopharma Finds $33M For Antibiotics Development

socalTECH

San Diego-based Qpex Biopharma announced this morning that it has raised $33M in a Series A funding round, to launch its efforts to battle drug-resistant infections. The company also said it has an agreement with the Biomedical Advanced Research and Development Authority (BARDA), worth up to a total award of $132M.

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Bose Develops Prototype “Sleepbuds” After Buying San Diego Startup

Xconomy

Bose , the privately held maker of headphones, loudspeakers, and other electronics for audiophiles, has acquired Hush, a San Diego startup founded by three undergraduate engineering students to develop “smart” noise-masking earbuds designed to help users sleep.