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Kite Pharma Opens New Facility In El Segundo

socalTECH

Santa Monica-based biopharmaceuticals developer Kite Pharma has opened up a new, 43,500 square foot manufacturing facility in El Segundo, the company said today, to manufacture its cancer immunotherapy products.

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International Rectifier To Close El Segundo Plant

socalTECH

El Segundo-based International Rectifier , a developer of analog and power ICs, said Wednesday that it is shutting its El Segundo, California fabrication facility, and laying off staff. The firm said the closure in El Segundo will save it approximately $10M a year when complete. READ MORE>>.

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EVgo Acquires Recargo For $25M

socalTECH

Los Angeles-based electric vehicle (EV) charging network operator EVgo said this morning that it has acquired Recargo, a developer of e-mobility software. Recargo was founded in 2009, and operates PlugShare, an online community for EV drivers, and also developed PlugShare, a mobile payment platform for EV cahrging networks.

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Mattel Partners with Alibaba to Develop Toys for China

L.A. Business Journal

of El Segundo has partnered with Alibaba Group of Hangzhou, China to market and develop products for Chinese consumers. Toy maker Mattel Inc.

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Slingshot Aerospace Picks Up $40.85M More For Space Tracking Systems

socalTECH

El Segundo, California and Austin, Texas-based Slingshot Aerospace announced this morning that it has raised $40.85M in a funding round, a Series A2 funding.

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ABL Space Systems Sets Demo Flight For Q2 2021

socalTECH

El Segundo-based ABL Space Systems, which is developing low cost launch vehicles and launch systems, says it has signed up customer for its first launch. The company says it is targeting its first demonstration flight of its RS1 rocket in Q2 of 2021. Financial details of the launch agreement were not announced.

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McDonald's Piloting Plant-Based Burger From Beyond Meat

socalTECH

El Segundo-based plant-based burger company Beyond Meat has scored a win with McDonald's, and will be piloting a new plant-basd burger called the McPlant at eight McDonald's restaurants. The company said the test will see how offering a burger with a plant-based patty will impact its kitchens in its restaurants.