Hardware News

Friday, March 12, 2010

Fluidnet rounds out $17M backing for IV fluid pumps
Fluidnet Inc. has raised an additional $7.5 million to bring to market an improved design for intraveneous fluid pumps used in hospital settings. The new financing brings the company’s total investment so far to $17 million.
Sensata welcomes first-day trading with gain
In their first day trading on public markets, shares in Sensata Technologies Inc., an Attleboro maker of sensor and control products, made a modest gain, closing at $18.50 on Thursday, after peaking at $19 per share.

Wednesday, March 10, 2010

Analogic notes 17 job cuts in recent quarter
In its most recent quarter, Analogic Corp., a Peabody-based developer of medical imaging and security-detection technologies, cut 17 employees from its payroll, while also padding its bottom line on strong sales of its explosive-detection systems and improved cost management.

Monday, March 8, 2010

KaZaK, Boeing join on miniature weapons work
Engineering and design firm KaZaK Composites Inc. reports it is working as a subcontractor for Boeing Co. on an unmanned aerial vehicle project.
AMSC wind turbine components garner $10M Chinese order
American Superconductor Corp. reports it has landed $10 million from a Chinese company for electrical components for 1.65-megawatt wind turbines.

Wednesday, March 3, 2010

Blackwave surfs on the crest of Internet video growth
As more video gets streamed across the Internet, Acton company Blackwave Inc. has seen a strong interest in its technology to speed up that video — primarily in Asia. To help tap into that interest, the company has just rolled out the latest version of its technology, which it says can boost video delivery performance by up to five times over other systems.

Tuesday, March 2, 2010

Insight Technology sees $34M deal with night vision goggles
Insight Technology Inc. has landed $34.1 million from the U.S. Navy to develop thermal imaging and “image intensification” technology for night vision goggles.

Monday, March 1, 2010

Co-founder Wilcox is out at E Ink
Russell Wilcox, one of the founders of E Ink Corp., is no longer serving as president, CEO and board director following the purchase of the Cambridge-based electronic paper display maker last June for approximately $215 million.
Sensata details IPO plan for about $600M
Sensor and controls maker Sensata Technologies Inc. will offer 31.6 million shares at between $18 to $20 per share in its initial public offering, giving the company an IPO in the range of about $569 million to $632 million.

Wednesday, February 24, 2010

Astro-Med nets $1.5M in lawsuit damages
West Warwick, R.I.-based Astro-Med Inc. announced that it has taken in $1.5 million in damages stemming from a lawsuit over of non-competition agreement with a former employee.

Tuesday, February 23, 2010

Luminus Devices lights up $19M in new funding
Billerica LED-maker Luminus Devices Inc. has closed on a new round of funding worth $19 million that was led by investors Argonaut Private Equity.

Friday, February 19, 2010

Entegris' chip niche helps spur its recovery
A year ago Entegris Inc. was struggling with painful losses — along with nearly every semiconductor equipment manufacturer. But the Billerica company’s focus on an obscure yet important part of the chip-making process may help it rebound faster than its peers.

Thursday, February 18, 2010

L-1 wins $18M license tech contract from New Jersey
The State of New Jersey has awarded Connecticut firm L-1 Identity Solutions Inc. a seven-year contract worth $18 million to provide a system for secure driver’s licenses.
SepSensor fills tank with $1.5M in new round
SepSensor Inc., a Marlborough company making sensor technology to detect buildup of liquid layers in septic tanks, has pumped up $1.5 million in new funding.

Wednesday, February 17, 2010

Nova Analytics acquired by ITT
ITT Corp. announced today it has agreed to acquire Nova Analytics Corp., a venture-backed Woburn company making instruments and sensors for electrochemical measurement.

Tuesday, February 16, 2010

Photronics etches out a $50M credit line from Citizens
Photronics Inc. of Brookfield, Conn., has entered into a new three-year, $50 million, revolving credit facility through RBS Citizens N.A., the parent of Citizens Bank. Photronics used the money to pay off all previous debt and a term loan.

Friday, February 12, 2010

Nexx Systems seeks $42M in IPO
Billerica’s Nexx Systems Inc., which makes processing equipment for flip chip and advanced packaging applications for chip makers, is looking to raise $42 million in an initial public offering, capping off a year in which the company has grown by 40 percent.
Cisco growth trickles to Boston IT startups
Hopes surged in the IT industry last week after bellwether Cisco Systems Inc. reported double-digit profit growth and plans to hire in the thousands. For any young company, winning a customer of Cisco’s size is an important validation point.

Thursday, February 11, 2010

ARC Energy adds $5M in first VC round
February has been a good month for Advanced Renewable Energy Company LLC. The new cleantech venture in Nashua, N.H., launched by GT Solar co-founder Kedar Gupta got a visit from President Barack Obama, and brought in a $5 million check from General Catalyst Partners, a Cambridge venture capital firm.

Tuesday, February 9, 2010

Cosmetic laser firm Cynosure plans cost cuts amid sales drop
Cynosure Inc., a developer of lasers used for cosmetic procedures and dermatology-related applications, said a rebound from its year-long sales slump is still a ways off, and it plans to cut its annual operating expenses by up to 12 percent to weather the storm.