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Monrovia-based Soliant , the developer of concentrating photovoltaic solar panels, reported an install in Chatsworth today, saying it has installed its systems on the roof of MBK Tape Solutions, a firm which fabricates adhesive tape and flexible materials. Soliant said the system generates 10kW of grid-connected electricity. READ MORE>>.
Chatsworth-based MRV Communications said today that it has completed the sale of its CES Creative Electronics Systems SA subsidiary, to a group of European private equity firms led by Vinci Capital SA. The firm said that the deal was worth $28.4M.
Chatsworth-based MRV Communications announced this morning that it has named Barry R. Gorsun was most recently managing partner at BayState Capital, an investment firm, and also previously served at Summa Four, a firm he headed up and eventually sold to Cisco Systems in 1998.
Chatsworth-based MRV Communications , which manufactures optical networking components, reported Wednesday afternoon that it has executed a definitive agreement with a group of European private equity firms, led by Vinci Capital SA, to sell its Creative Electronic Systems SA.
Chatsworth-based Cal Net Technology Group , a provider of IT support services, has acquired Orange County-based b> inhouseIT , according to Cal Net Technology's investors, including Boathouse Capital and Olympic Valley Capital. Cal Net Technology Group had quietly announced the deal to its customers at the end of July.
Chatsworth-based Kinetic Traction Systems , a new startup headed by former Pentadyne Power COO Richard Newark, said today that it has launched the firm, and is looking to apply flywheel energy storage to the mass transit and rail market. READ MORE>>.
Chatsworth-based Pentadyne Power said Monday that it has raised $22M in a financing round. The firm, which develops flywheel energy storage systems, said the funding will go to fuel expansion of the firm into new markets.
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