Pratt & Whitney Rocketdyne Acquired By GenCorp

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Canoga Park-based Pratt & Whitney Rocketdyne , the aerospace and defense manufacturer which develops rocket propulsion and engine systems, has been acquired by GenCorp in a deal worth $550M, the firms said this morning. GenCorp is acquiring Pratt & Whitney Rocketdyne from United Technologies Corporation. Pratt & Whitney supplies a range of systems to the government and commercial markets, including the main engines for the Atlas and Delta launch vehicles. READ MORE>>.

Topanga Technologies Launches Plasma Lighting Product

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Canoga Park-based Topanga Technologies , the venture backed provider of solid state lighting products, said Friday that it has launched a new plasma light source product Friday. The company said the new solid state lighting product is aimed at street, area, architectural, and industrial lighting applications. The firm said the new products are aimed at replacing 750 to 1000 watt HID sources, and save 40 to 50 percent in energy.

Topanga Technologies Raises $15M

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Canoga Park-based Topanga Technologies , a developer of high efficiency, plasma lighting, has scored $15M in new funding, according to regulatory filings from the firm. Details on the funding have not been announced by the company. Topanga Technologies is developing plasma lamps and engines which the firm says exceeds the energy efficiency of LED, flourescent, and other light sources. The firm has previously scored funding from Khosla Ventures.

Rocketdyne Acquires Spacecraft Component Firm

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Canoga Park-based Pratt & Whitney Rocketdyne said Tuesday that it has acquired ARDE, Inc., a manufacturer of high performance spacecraft and missile propulsion components. Financial terms of the acquisition were not disclosed. Pratt & Whitney Rocketdyne develops rocket engines for the space shuttle, the Atlas and Delta launch vehicles, missile defense, and other applications. ARDE is located in Carlstadt, New Jersey

Topanga Technologies Ups Funding To $3.45M

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Canoga Park-based Topanga Technologies , a stealth-mode, developer of energy efficient lighting systems, has now raised $3.45M in funding for the firm, according to a regulatory filing by the company today. Details of the funding have not been announced, however, the firm is backed by Khosla Ventures. Khosla's Ford Tamer sits on the company's board. The $3.45M includes funding since December of 2007.

One Lambda Acquired By Thermo Fisher Scientific For $925M

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Canoga Park-based One Lambda , a supplier of tissue typing testing technology, has been acquired by Thermo Fisher Scientific is a deal worth $925M in cash. Thermo Fisher Diagnostic said the purchase price includes a three year retention program and one-year earnout dependent on financial targets. One Lambda is a developer of diagnostic testing kits, used in transplant diagnostics, and is privately held. One Lambda has approximately 320 employees.

HP Settles With Two SoCal Firms Over Inkjet Imports

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HP, which had filed a complaint with the ITC in September of last year, said that it has settled with Canoga Park-based InkPlusToner.com and City of Industry-based Comptree Inc , which runs the Meritline, ABCInk, EZ Label, and CDR DVDR Media businesses.

Five Area Firms Get DOE Funds for Concentrating Solar Power Research

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for the design, build, and testing of a concentrating solar power plant system; Canoga Park-based Pratt & Whitney Rocketdyne receiving $10.2M Five, Southern California firms are among companies who are splitting up $62M in government funding for the research, development, and demonstration of concentrating solar power systems, according to an announcement by the U.S. Department of Energy.

Interview with Jon Ferrara on Nimble, The Microsoft Accelerator, And The Cloud

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Jon Ferrara: I'd like to tell you a little story on how I scaled Goldmine in Canoga Park, bootstrapped with $5,000 without a dime of venture capital. Jon Ferrara was co-founder of Goldmine software, a huge customer relationship management (CRM) provider which he built into a $100M business in the PC age, and is now working on doing the same thing in the age of the cloud, with another CRM startup, Nimble (www.nimble.com).