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AeroVironment Sells EV Charging, Test Business To German Company For $35M

socalTECH

Monrovia, California-based Aerovironment , the developer of unmanned aircraft systems, has sold its other business--focused on electric vehicle charging and test systems--to a German company, Webasto Group. According to the two companies, Aerovironment sold its Efficient Energy Systems (EES) business segment to Webasto for $35M.

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Xencor Sets IPO Pricing

socalTECH

Monrovia, California-based Xencor has set the initial offering price for its IPO, saying in a filing Thursday morning that it will offer up 10,700,000 shares of its common stock at $7.00 The company plans to trade on the NASDAQ Global Market as XNCR. The company develops biopharmaceuticals technology. and $16.00

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Xencor Delays IPO

socalTECH

Monrovia-based Xencor , the developer of biopharmaceutical technology headed by Bassill Dahiyat, delayed its IPO Friday, citing poor market conditions for the offering. The company had hoped to IPO on the NASDAQ Global Market. The company is backed by MedImmune Ventures, HealthCare Ventures, and others. READ MORE>>.

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Xencor Sets IPO Pricing Range

socalTECH

Monrovia, California-based Xencor , the biopharmaceuticals technology developer headed by Bassil Dahiyat, has set its IPO pricing range, saying today in a regulatory filing that it is expecting to price its IPO at between $14.00 The company is looking to trade as XNCR on the NASDAQ Global Market. and $16.00 Stafford, III.

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Green Dot Acquires Loopt

socalTECH

Monrovia, California-based Green Dot , the prepaid debit card provider headed by Steve Streit, said this morning that it has acquired Silicon Valley mobile social networking firm Loopt. in cash for Loopt, which will become its Silicon Valley hub for its mobile technology and product development team. Green Dot said it will pay $43.4M

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AeroVironment Gets $15.8M Order

socalTECH

Monrovia, California-based Aerovironment , the developer of unmanned aircraft systems, reported Friday that it has received a $15.8M The company said the order is part of a contract it says has a total projected value of over $65.8M. order for its Raven small unmanned aircraft systems. The firm said the order cam from the U.S.

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AeroVironment Gets $6.9M Order

socalTECH

Monrovia-based Aerovironment , the developer of unmanned aircraft systems, said today that it has received a nearly $6.9M The company explained the order came under and existing contract with the U.S. AeroVironment's unmanned aircraft are used for reconnaissance, surveillance, and target acquisition by the military.

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