Elon Musk Sued By Thai Cave Diver

socalTECH

Technology mogul Elon Musk , the founder and CEO of Hawthorne-based SpaceX , has finally been sued by Thai cave rescue diver Vernon Unsworth, over statements Musk made on Twitter claiming that Unsworth was a "pedo" and "child rapist". elon musk thai rescue vernon unsworth defamation legal lawsuit

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Powering Forward: Romeo Power Breaks Mold on Car Batteries

L.A. Business Journal

In the quest to make electric battery packs as safe and energy efficient as possible, Vernon-based manufacturer Romeo Systems Inc., also known as Romeo Power Technology, plans to lead the way

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Romeo Power Raises $30M For Energy Storage

socalTECH

Vernon-based Romeo Power , a new startup focused on developing battery-based, energy storage, has raised $30M in a seed funding round. Soure of the funding was not announced. Romeo Power, led by founder and CEO Michael Patterson, claims it already has $65M in orders on the books for delivery in 2018. The company is developing cylindrical, Lithium-ion battery packs for use both in electric cars, trucks, buses, and forklifts, as well as for energy storage.

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UNX Gains $7.6M

socalTECH

and Vernon & Park Capital in November without an amount of funding. Burbank-based UNX , a developer of technology for the electronic trading and institutional investing market, raised $7.6M its recently announced strategic funding round, according to data from the PricewaterhouseCoopers/NVCA report this week. UNX had announced the deal with Goldman, Sachs & Co.

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XCast Labs Signs Two Customers

socalTECH

Orab and Vernon, Ohio; Florida Cable serves 40,000 homes in Florida's Lake County. Los Angeles-based XCast Labs , which provides voice-over-IP software for cable and telecom companies, disclosed two wins this morning, saying that it is providing services to S.

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UNX Gets Funding, Names CEO

socalTECH

and Vernon & Park Capital, along with un-named, current investors. Los Angeles-based UNX , a provider of technology for the electronic trading and institutional investing market, has scored a round of strategic funding and named a CEO, the firm said Tuesday. The funding came from Goldman, Sachs & Co. UNX said the new funding will go to support enhancing the firm's broker-neutral, electronic trading products and serviecs.

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