Gene Lucas, longtime executive vice chancellor of US Santa Barbara and a fixture on campus for more than three decades, will retire at the end of the year, the university said Dec. 10.Read More →
There were no Black Friday markdowns on prime retail buildings in the Tri-Counties. In recent weeks, two high-profile retail properties have changed hands in deals totaling more than $31 million.Read More →
Inogen was founded in 2001 by three UCSB students, one of whom had a grandmother who had recently been placed on oxygen therapy. The therapy required heavy, bulky oxygen tanks that could not be taken on airplanes and other places.
After winning the New Venture Competition business plan contest at UCSB, the team went on to develop a device that used electricity to concentrate oxygen from the air. The concentrators were lighter and less bulky, weighting between 4.8 and 7 pounds.Read More →
Summerland-based FindTheBest has secured a court victory in a patent lawsuit. A federal court in New York ruled on Nov. 22 that a patent held by Delaware-based Lumen View Technology was invalid. Lumen View, which does not produce products or services based on the patent, had sued FindTheBest alleging infringement.Read More →
Transphorm, Fujitsu and Fujitsu Semiconductor said they had reached an agreement to merge their gallium-nitride, or GaN, power supply lines of business. The deal is expected to result in Fujitsu and its semiconductor subsidiary both taking minority stakes in Transphorm in exchange for creating a new entity in Japan that will be capable of high-volume production. The companies said the move will “dramatically improve the market competitiveness of Transphorm’s GaN power device business.”Read More →
He has been actively involved with business and economic development groups, forming the so-called “Gold Team” to focus on attracting and retaining jobs in the state. For that effort he partnered with Lt. Gov. Gavin Newsom, a San Francisco Democrat. The Ventura County Economic Development Association and Chambers of Commerce Alliance for Ventura and Santa Barbara Counties were also involved.Read More →