Goleta 5G filter company Resonant sold to Japanese firm at big premium
Resonant, a developer of radio frequency filters with a focus on 5G cellular devices, is being acquired by Murata Electronics North America, a subsidiary of the Japanese company Murata Manufacturing, for $295 million in cash. Resonant moved its headquarters from Goleta to Austin, Texas, a little over a year ago, but still has its main Read More →
Attorney in UCSB case will lead Nixon Peabody IP team
Nixon Peabody, the global law firm representing UC Santa Barbara in its LED patent lawsuit against major retailers, has named Seth Levy, the lead Peabody attorney for UCSB, to lead the firm’s intellectual property practice. Levy, who has been with the law firm since 2012 and is a partner in its Los Angeles office, will Read More →
Energy Vault shares drop 19% in first day on NYSE
Westlake-Village based Energy Vault began trading on the New York Stock Exchange at the opening bell on Feb. 14, but its shares struggled, dropping 18.7% on the first day as the market as a whole was down slightly. Energy Vault, which uses a gravity-based system to store and release energy generated by renewable sources, began Read More →
Transphorm reports higher revenue, smaller losses as it pursues Nasdaq listing
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Energy Vault prepares to start trading on NYSE
Westlake Village-based Energy Vault will begin trading on the New York Stock Exchange the morning of Feb. 14, the company announced Feb. 11. Energy Vault, which uses a gravity-based system to store and release energy generated by renewable sources, announced plans in September to go public through a merger with Novus Capital Corp. II, a Read More →
Sonos shares up after Q1 earnings report
Santa Barbara-based Sonos delivered revenue growth and beat analysts’ expectations when it announced its results for the first quarter of 2022 on Feb. 9. Sonos, a maker of audio speakers, generated record revenue in the first quarter, with sales worth $664.5 million, a 3% increase year-over-year, driven largely by strong demand in both existing and Read More →
Amgen shares jump after company announces buyback plan and long-term projections
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