Sony Electronics Outlines its 3D Strategy, Fallbrook Files For IPO, Electronics Recycler EcoATM Raises Venture Round, & More San Diego BizTech News
It was a great week for innovation in San Diego, with Fallbrook Technologies filing for an IPO and Sony Electronics previewing its 3D strategy (along with some new products) after opening the doors of its new $160-million North American headquarters.
—Sony Electronics showed off its new 11-story North American headquarters building in San Diego during an open house that included a press briefing and demonstrations of the new Sony Dash, a personal Internet appliance, and other consumer electronics products. Sony also plans to make a big marketing push for 3D television and related technologies later this year.
—San Diego’s Fallbrook Technologies intends to raise $50 million through an initial public offering, according to a regulatory filing. Fallbrook is a cleantech venture developing a proprietary transmission that offers improved efficiency for a variety of vehicles.
—Tao Venture Partners of San Diego is leading the first round of institutional investment in ecoATM, a local startup that has developed an automated kiosk for recycling consumer electronics. Coinstar founder Jens Molbak also joined in the round, the value of which was undisclosed, and has joined ecoATM’s board. Co-founder Mark Bowles also told us why he thinks ecoATM is a hot startup deal.
—San Diego-based Qualcomm (NASDAQ: QCOM) revealed plans to roll out a variety of new applications that enable certain features of its Flo-TV technology to run on netbooks equipped with Qualcomm’s Snapdragon processor. Qualcomm previewed its concept last week in Barcelona at the industry’s Mobile World Congress.
—San Diego telecom startup TelCentris announced the debut of a universal translator service for e-mail, text messaging, Internet chat, and certain social networking messages. The translation service has been integrated into its VoxOx VoIP messaging software.