Business Digest September 27, 2013
Boulder-based Main Street Power Co. Inc., in partnership with MS Solar Solutions Corp., a wholly-owned subsidiary of Morgan Stanley, has started construction on rooftop solar arrays for two schools in Connecticut’s Bridgeport public schools district. The two PK-8 schools are Cesar A. Batalla and Blackham, with solar arrays sized at 217 kilowatts and 90 kilowatts, respectively. Cesar A. Batalla will see 10 percent of its electricity needs supplied by the solar panels, and Blackham’s panels will supply an estimated 13 percent of its electricity demand.
Virginia-based Exelis Inc. has built a telescope, sensor and shortwave infrared system for Longmont-based DigitalGlobe Inc.’s WorldView-3 satellite, which is scheduled to launch in 2014. DigitalGlobe Inc. (NYSE: DGI) will use the satellite to collect digital images for customers. Boulder-based Ball Aerospace and Technologies Corp. is building the satellite for DigitalGlobe.
Researchers at Boulder-based Nanoly Bioscience Inc. are developing a nano-polymer material that can keep vaccines cold, after signing a license option agreement with the University of Colorado. Financial terms of the agreement were not disclosed. The company was started by CU-Boulder researchers. The nano-polymer material can be blended with vaccines to protect against thermal damage during transportation. It was developed by a research team led by Kristi Anseth, a CU-Boulder distinguished professor in the chemical and biological engineering department, and the BioFrontiers Institute.
Louisville-based Gaiam Inc. (Nasdaq: GAIA) has sold $2 million worth of its stock in Real Goods Solar Inc., a solar-energy system installation company. Representatives of Louisville-based Gaiam Inc. created Gaiam Energy Tech in 1999 as the company’s solar division. That company became Real Goods Solar when it went public in 2008. Gaiam sold 1 million shares at $2 per share. It continues to own 3,044,611 shares of Real Goods (Nasdaq: RSOL).
The unemployment rates in Boulder and Broomfield counties dropped for the second month in a row, according to the Colorado Department of Labor and Employment. Boulder County’s rate dropped from 5.4 percent in July to 5.1 percent in August – one percentage point lower than the same month a year ago. The county had 172,359 people employed and 9,273 looking for work. Broomfield County’s rate dropped from 6.3 percent in July to 6.0 percent in August, also a full point lower than a year ago. Broomfield had 30,352 people employed and 1,925 looking for work. The state’s unemployment also showed improvement from a year ago, going from 8.0 percent in July to 7.0 percent in August. Colorado’s rate in July was 7.1 percent. The national unemployment rate declined from 8.1 percent a year ago to 7.3 percent in August.
University of Colorado-Boulder professor Alan Weimer and his research team have been awarded a three-year, $3.6 million grant from the Energy Department’s Advanced Research Projects Agency to develop a new process to produce magnesium that can be used to make lightweight vehicle parts. The team will use the grant to develop a new gasification process that uses concentrated solar power to produce both magnesium and synthesis gas, or syngas, a precursor for synthetic gasoline. The procedure includes a novel cooling process to enable a gas-to-solid magnesium phase change inside of the reactor.
MERGERS & ACQUISITIONS
Assets of the mobile device marketing company MeNetwork Inc. in Boulder were bought by mobile-payment company Spindle Inc. (OTCBB: SPDL) in Scottsdale, Arizona, in an all-stock transaction worth at least $10.5 million, according to a U.S. Securities and Exchange Commission document. Spindle’s stock price was $3 for the transaction, according to the document. While the transaction closed in March, specific purchase figures were not made public until the Sept. 3 SEC document.
Vancouver, Washington-based Kuni Automotive closed on a deal to purchase Stammler Audi in Boulder for an undisclosed sum. The dealership at 1799 Exposition Drive, the name of which has been changed to Audi Boulder, was opened by Adolf Stammler in 1973. Stammler, who is retiring, still is working with the dealership to help new president and general manager Jaymie Hampson through the transition. Hampson, who has an ownership stake in the store with Kuni, moved to Boulder from Portland, Oregon, where she was director at a Kuni BMW dealership there.
Colorado Springs-based Springs Fabrication Inc. bought most assets of IP Systems Inc. in Broomfield for $225,000. IP Systems is a manufacturer of specialized nuclear containment systems. IP Systems and its employees are expected to remain in Broomfield, according to a press release about the transaction. Springs Fabrication is a metal manufacturing firm.
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More breaking news...
Business Digest November 22, 2013
The city of Boulder reported a 12.9 percent increase in sales- and use-tax revenue from September transactions. Collections in October, representing September sales, were $10,035,006, up from $8,882,987
Business Digest November 8, 2013
Tiffany Tompkins and Alissa Peterson launched Celebrate American Made, a Boulder-based marketing firm built around a monthly subscription box service. The company sends to subscribers each month a box
Attorneys Chris Leh and his father, Jim Leh, launched the Leh Law Group LLC at 12303 Airport Way, Suite 200, in the Mountain View Corporate Center in Broomfield. Chris Leh is an employment lawyer who