Hardware News

Wednesday, February 8, 2012

Airvana sues Ericsson over 'knock-off' tech
Airvana Network Solutions Inc. says in a lawsuit that Swedish phone maker Ericsson A.B. has been trying to drive it out of business by secretly developing "knock-off" versions of Airvana tech that Ericsson had been licensing. Airvana is looking for $330 million in damages.

Friday, February 3, 2012

Polatis picks up $2.7M in new funding
Andover optical networking company Polatis Inc. has landed $2.7 million in new funds to help it develop new products in the data center interconnect, carrier and government markets.

Tuesday, January 31, 2012

Enterasys leaving Andover, moving back to NH
Enterasys Networks, maker of telecom and networking hardware and software, is pulling up stakes in Andover, and relocating to a new, larger facility over the border in Salem, N.H.
Raytheon wins $10M contract for railgun systems
Raytheon Co. said Monday it was awarded $10 million by the Navy to develop power systems for railguns — high tech weapons found mostly in laboratory settings or Transformer movies that use electromagnetic pulses to propel projectiles at super-high speeds.

Friday, January 27, 2012

LevelUp launches T-Mobile-backed pay terminals
LevelUp, the customer loyalty deals business spun out of Scvngr Inc., has moved further down the road of a mobile payments company by now offering a terminal for merchants – the first piece of hardware offered by LevelUp or its parent Scvngr.

Thursday, January 26, 2012

Clean energy firm MTPV raises $10M financing
MTPV closed a $10 million Series B funding round for the clean energy semiconductor chip company with offices in both Boston and Austin, Texas.

Wednesday, January 25, 2012

EMC chief Tucci says he won't step down this year
With EMC Corp. setting new earnings records each quarter, chief executive Joe Tucci has abandoned a plan to retire in 2012, he disclosed Tuesday in an earnings call.

Tuesday, January 24, 2012

Mercury Computer names Bisson as CFO
Mercury Computer Systems Inc. has brought on board local tech veteran Kevin M. Bisson as its new chief financial officer, replacing the retiring current CFO.

Tuesday, January 17, 2012

Degree Controls sells minority stake to Japanese partner
Degree Controls Inc., a New Hampshire maker of cooling technology, has sold a minority stake in the company to Tokyo-based Yamatake Corp. for $2.5 million in cash, according to a release.

Thursday, January 12, 2012

Jerome Rubin, E Ink co-founder, dies at 86
Jerome Rubin, the scientist and attorney who helped found LexisNexis and later co-founded E Ink Corp., the e-reader display company, has died at the age of 86 in New York, according to a report.

Monday, January 9, 2012

Blog: What happens at CES in Vegas ... goes here
Rodney Brown, MHT Managing Editor-News: It looks like there are a lot of local announcements coming out of the Consumer Electronics Show in Las Vegas this week, as well as the concurrent and conjoined AT&T Developer Summit also in Sin City. Here's an aggregate of the announcements that come from New England tech companies.

Friday, December 30, 2011

Mass Megawatts sells first wind-powered prairie pump system
Colorado is turning out to be a good market for Mass Megawatts Wind Power Inc. which reported the delivery of its first wind-powered water pump system in that state, following a report this spring of a sale to a Denver roofing company of wind power systems.

Tuesday, December 27, 2011

OnChip dips into $1M more for Series A
Boston power supply startup OnChip Power Corp. has boosted its Series A fundraise by an additional $1 million, bringing the company's first round to $2.8 million.

Friday, December 23, 2011

Mercury Computer paying $70M for KOR Electronics
Mercury Computer Systems Inc. has bookended 2011 with acquisitions, today announcing it is acquiring California defense and intelligence company KOR Electronics Inc. for $70 million in cash.

Thursday, December 22, 2011

RemoteReality follows money to new Connecticut HQ
RemoteReality Corp., makers of a 360-degree camera technology for surveillance and security applications, has taken in a $1 million investment from Connecticut Innovations and relocated its headquarters from Westborough to Putnam, Conn.
Mears Tech taps backers for $1.4M more
Newton semiconductor technology company Mears Technologies Inc. has bumped up its August fundraise from $5.6 million to $7 million, federal documents state.

Tuesday, December 13, 2011

PathoGenetix snags Sagentia to make sequencing device
Woburn's PathoGenetix Inc. has picked Sagentia Inc., a U.K.-based company that has its U.S. headquarters in Cambridge, Mass., to make a rapid microbe detector based on PathoGenetix's technology.
Blog: Going to Vegas for CES? Think globally
U.S. Dept. of Commerce's Melissa Branzburg: It goes without saying that foreign buyers love American products and they have made a big investment to come to the International CES show to satisfy their long list of needs. This is an excellent chance to grow your sales and your business without ever needing to leave the country.

Monday, December 12, 2011

Acacia adds $3M from MassDevelopment for growth
Optical networking company Acacia Communications Inc. has won a $3 million credit line from MassDevelopment to expand its facilities in Maynard.

Friday, December 9, 2011

ID8 Mobile bought by AAC Technologies
After slightly more than 18 months in existence, Newton mobile accessories company ID8 Mobile LLC has been acquired by Chinese microacoustics company AAC Technologies for an undisclosed amount.