Mon.May 21, 2018

Kratos Gets $38M For Unmanned Aerial Systems

socalTECH

San Diego-based defense contractor Kratos Defense & Security Solutions reported this morning that it has received $38M in awards for high performance unmanned aerial drone aircraft, systems, and related product contract awards. Name of the customer was not announced. Kratos said the work under those contracts will be performed at its secure manufacturing facilities and customer locations. No other information on the contract was announced. READ MORE>>.

Core Innovation Capital Backs Decent

socalTECH

Los Angeles-based fintech investor Core Innovation Capital is one of the investors in a new startup, which is combining healthcare software with crytocurrency tools.

Qualcomm, Facebook Team On High Speed, 60Ghz Wireless Networking

socalTECH

San Diego-based Qualcomm and Facebook announced this morning that the two are teaming together to provide high speed Internet connectivity in urban areas, using 60Ghz technology from Qualcomm. According to the two, they are using Terragraph technology from Facebook combined with the high speed 60Ghz wireless technology from Qualcomm to develop high speed broadband service in urban areas. The two said they are expecting to begin trials of the solution in mid-2019.

Sonos, Sound United Settle Patent Spat

socalTECH

Vista-based Sound United , the parent firm of audio brands Denon, Marantz, Polk Audio, Definitive Technology, HEOS, Boston Acoustics and ClasseAudio, says it has settled all of the patent infringement litigation between the company and Santa Barbara-based Sonos. Sound United--the audio division of DEI Holdings--said the settlement includes an upcoming case filed against Sonos by Denon. Terms of the settlement are confidential. Both companies make speakers and home audio systems.