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Enevate Inks New Battery Production Licensing Deal

socalTECH

According to the company, EnerTech International will commercialize its battery technology in the transportation, mobility, and reserve power markets. Financial details of the deal were not announced.

Product 113
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Enevate Gets $24M For Battery Technology

socalTECH

The round came from CEC Capital, Tsing Capital, and Presidio Ventures, along with prior investors Mission Ventures and Draper Fisher Jurvetson. The firm says its technology "dramatically" increase energy density over conventional battery technology. READ MORE>>.

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Enevate Finds Funding From South Korea's LG Chem

socalTECH

Irvine-based Enevate , which develops lithium-ion battery technology, said today that it has added South Korean battery manufacturer LG Chem as an investor. According to Enevate, the new funding will help accelerate the development of its fast charge Li-ion battery technology for the electric vehicle market. READ MORE>>.

Funding 133
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Enevate Names CFO

socalTECH

Irvine-based battery technology developer Enevate announced this morning that it has appointed John B. Kennedy was previously CFO at Sprocket Media and SolarBridge Technologies, and also has served at Primarion, ValueClick, and other companies. Kennedy as its new Chief Financial Officer. READ MORE>>.

Draper 113
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And Then There Were Three: RealD Hits Markets Today

socalTECH

Still on tap for an IPO are Pasadena-based Green Dot , Pasadena-based Genmark Diagnostics , Westlake Village-based Inphi , San Diego-based Fallbrook Technologies , Los Angeles-based GameFly , San Diego-based Trius Therapeutics , City of Industry-based NewEgg , and Thousand Oaks-based Nexsan.

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Active Storage Names Engineering VP

socalTECH

Ramakrishnan was most recently at Promise Technology, and also has served at Cisco and IBM. Active Storage is backed by Intel Capital, Mission Ventures, and Valhalla Partners. READ MORE>>.

Activity 147
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Ortiva Wireless Raises $8M

socalTECH

La Jolla-based Ortiva Wireless , a developer of mobile video optimization technology, confirmed Tuesday afternoon that it has raised $8M in its Series C funding. The round was led by Intel Capital, and also included current investors Comcast Interactive Capital, Artiman Ventures, and Mission Ventures.

SoCalTech 140