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Electro Rent Closes Equipment Management Technology Buy

socalTECH

Van Nuys-based Electro Rent Corporation , a provider of rental, leasing, and sales of electronic test equipment, said Thursday that it has completed its acquisition of Equipment Management Technology. The deal was worth $10.7M. Electro Rent had originally announced the buy on August 12th. READ MORE>>.

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JetPack Aviation Links With Georgia Tech

socalTECH

Van Nuys-based JetPack Aviation , a developer of commercially available "jet packs" for sending people into the air, said today that it has signed an agreement with Georgia Tech Research Institute. JetPack did not details terms of the agreement with Georgia Tech, but said the two will jointly solicit R&D funding from the U.S.

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Electro Rent Buys Test Equipment Firm

socalTECH

Van Nuys-based Electro Rent , the provider of electronic test equipment rentals and leasing, said Thursday that it has purchased Equipment Management Technology , a fellow electronic test equipment company, out of bankruptcy. Electro Rent said it pay $11.1M in cash for the firm, via a private, U.S. Bankruptcy court sale.

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Sentry Control Systems Acquired By SKIDATA

socalTECH

Van Nuys-based Sentry Control Systems , which distributes the ubiquitous electronic parking control systems you find in parking garages, has been acquired by parking technology developer SKIDATA. Financial details of the buy were not disclosed. The two companies said they have been working together since 2000.

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X Prize Auctioning Off Zero Gravity Flight On eBay

socalTECH

Los Angeles-based X Prize Foundation , the group which manages a series of competition-based prizes aimed at advancing science and technology, said today that it is running an eBay auction for a zero gravity flight with Avatar producer and director James Cameron. The flight will be on a modified Boeing 727-200 aircraft, the G-FORCE ONE.

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Local Firms Recognized For Innovation

socalTECH

A number of local, Southern California firms were recognized today by the Wall Street Journal, in that publication's annual Technology Innovation Awards. According to the WSJ, Zoom Focus Eyewear , Van Nuys-based developer of eyeglasses which can replace the need for progressive or bi-focal glasses, was awarded the Silver Winner in its award.

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Zoom Focus Eyewear Becomes Superfocus

socalTECH

Van Nuys-based Zoom Focus Eyewear , the developer of eyeglasses which can replace the need for progressive and bi-focal eyeglasses, said this week that it has renamed itself Superfocus LLC. The firm said it has also renamed its TruFoculs eyeglasses as Superfocus. READ MORE>>.

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