Qualcomm Cuts Deal With Creative Artists; PowerGenix Targets Micro-Hybrid Market, Ferruolo Moves to USD Law School, & More San Diego BizTech News
The Memorial Day holiday made it a short week for high-tech news in San Diego. Here’s what you need to know from last week.
—About 2,000 mobile app developers and others attended the two-day Uplinq conference hosted by San Diego-based Qualcomm (NASDAQ: QCOM), the world’s largest wireless chipmaker. A new partnership with Hollywood’s Creative Artists Agency that Qualcomm chairman and CEO Paul Jacobs announced during his keynote talk highlighted a major theme at this year’s conference, which was the importance of developing creative games and entertaining content for mobile devices.
—PowerGenix, a San Diego company that has been developing new nickel-zinc battery technology has shifted its focus to what CEO Dan Squiller calls “a huge opportunity” in the emerging market for “micro-hybrid” electric vehicles. Micro-hybrid vehicles are powered by a conventional, gasoline-powered internal combustion engine, which simply shuts itself down at traffic stops. Press the accelerator, and the micro-hybrid electric system restarts the motor, enabling micro-hybrid vehicles to save 5 to 8 percent on gasoline.
—Stephen Ferruolo, a longtime San Diego business lawyer (and Xconomist), is leaving his specialized practice in technology and life sciences startups, corporate governance, and mergers and acquisitions, to take over as the new dean of the University of San Diego School of Law. In a statement, Ferruolo said, his new role is “a fulfillment of my two previous careers, first as a teacher-scholar and then as a business lawyer.” Before he became a lawyer, Ferruolo taught history at Stanford University.
—Hydro-Gear, a Sullivan, IL-based designer and maker of precision drive systems for lawn and garden equipment, plans to integrate its hydrostatic transmissions with San Diego-based Fallbrook Technologies’ continuously variable transmission technology. Fallbrook says Hydro-Gear is scheduled to begin full production in early 2013, and represents the first commercial use of its NuVinci technology in an infinitely variable transmission (IVT) application.
—San Diego’s Legend3D, which specializes in converting conventional films into 3-D movies, has cut about 60 employees, or roughly 15 percent of its local workforce. The San Diego company told The San Diego Union-Tribune it now has about 360 employees.