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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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Covisus Collects Series A

socalTECH

Monrovia-based Covisus, a developer of supply chain tracking products, said this week that it has raised a Series A funding. The company said it has developed "covert" item-level supply chain tagging technology, which places tracking information into the "intrinsic surface texture" of the item. Size of the funding was not announced.

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SiLC Technologies Sees $17M

socalTECH

Monrovia, California-based SiLC Technologies, a developer of machine vision tools, says it has raised $17M in a Series A funding round. The company says it has now raised $30M in total, including an earlier, $12M seed funding last year. The company says it has now raised $30M in total, including an earlier, $12M seed funding last year.

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Xencor Links With Atreca

socalTECH

Monrovia, California-based biopharmaceuticals developer Xencor says it has linked with another biotechnology company, Atreca , to research, develop and commercialize T cell engaging bispecific antibodies as potential therapeutics in oncology.

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AeroVironment Wins $8.5M Military Contract

socalTECH

Monrovia, California-based AeroVironment , which develops unmanned aerial vehicles, said late Monday that it has received a $8.5M The company said those unmanned aircraft are expected to be delivered in June of 2020. military sales contract from an un-named, U.S. According to AeroVironment, the $8,584,734 firm-fixed-price U.S.

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Xencor Licenses Antibody For Food Allergy Treatment

socalTECH

Monrovia-based Xencor says it has licensed the rights to its XmAB7195 monoclonal antibody, to Aimmune Therapeutics , a company that it working on treatments of food allergies. The company said it granted an exclusive worldwide license to develop and commercialize the investigational humanized monoclonal antibody to Aimmune.

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Xencor Licenses Antibody Technology To Vir Biotechnology For COVID-19 Treatment

socalTECH

Monrovia, California-based Xencor , a biopharmaceutical company which develops engineered monoclonal antibodies for the treatment of cancer and autoimmune disease, says it is extending a license for its technology to Vir Biotechnology , in use in developing antibodies to treat COVID-19, the disease cased by the novel coronavirus SARS-CoV-2.