SimpliPhi Power to provide off-grid energy storage system in New Zealand
Ojai-based SimpliPhi Power announced Oct. 3 that it had contracted with electricity distributor Powerco to build an off-grid renewable energy storage system called Base Power in New Zealand. The system provides supplemental or alternative energy to areas where upgrades to the network were not deemed to be cost effective. After initial trials, Powerco ordered 20 Read More →
Oak Therapeutics touts study results for dissolvable strips
Oak Therapeutics, based in Oxnard, announced that it completed a study of the use of its dissolvable strips to administer an anti-tuberculosis treatment orally. A 300 milligram dose of isoniazid on the dissolvable strips given to canines entered the bloodstream at a statistically similar rate to commercial tablets, the study found. The company, a subsidiary Read More →
Calavo Growers to pay 95 cent dividend to shareholders
Santa Paula avocado distributor Calavo Growers announced Oct. 4 that it would pay a 95 cent dividend to shareholders, for a total of $16.7 million. Shareholders of record as of Nov. 17 will receive the dividend on Dec. 8. The company said in a news release that it was the sixth year that it had Read More →
American Riviera Bank buys building for Paso Robles branch
American Riviera Bank has completed the purchase of a building in Paso Robles that will house its newest branch, the bank announced on Oct. 3. Located at 1601 Spring St., the branch is set to open in early 2018 and will be the first full-service branch of American Riviera Bank in San Luis Obispo County. Read More →
Amgen lawsuit over cholesterol drug will get new trial
An Amgen lawsuit against a competing cholesterol drug will get a new trial but sales of the drug will be allowed in the U.S. until a decision is rendered. A federal court of appeals judge threw out a ban on the sale of Praluent, manufactured by New York-based Regeneron Pharmaceuticals and French biotech company Sanofi Read More →
Cal Poly SLO contracts with REC Solar for solar farm project
Cal Poly San Luis Obispo announced the launch of a 4.5 megawatt solar farm project Oct. 3 that will provide around a quarter of its total electricity usage. The university has contracted with REC Solar to finance construction and maintenance through a power purchase agreement. Construction began in late September and is expected to be Read More →
Pacific Premier Bancorp on Fortune magazine’s Fastest Growing Companies list
Story updated at 10:20 a.m. Oct. 5: The holding company for Pacific Premier Bank, Pacific Premier Bancorp, has been ranked 21st on Fortune magazine’s Fastest Growing Companies for 2017. The magazine ranks publicly traded companies based on a formula that considers revenue growth rate, earnings per share growth rate and three-year annualized total return for Read More →
