Petaluma tech startup Innovative Labs, which makes next-generation air purifiers, is being acquired by a Canadian private equity firm for more than $5.4 million, the two companies said Monday.
The cash-and-stock deal will help the Petaluma business grow, said John Webley, the Telecom Valley entrepreneur who founded Innovative Labs in 2007.
“That's the whole idea,” said Webley, a technology veteran who led Advanced Fibre Communications and Turin Networks. “The Canadians are getting very aggressive in acquiring green technology.”
Thoroughbred Capital, an Ontario-based company on Canada's TSX stock exchange, said it is buying the Petaluma business with about $3.5 million in stock and nearly $2 million in cash from a private placement.
Thoroughbred chief executive Michael Inskip said Monday he can't talk about the deal until it closes. But Webley said Innovative Labs will stay in Petaluma and keep its current staff of eight employees.
“This will let us ramp up the business,” he said.
Innovative Labs started shipping its “Sonoma Breeze” indoor air purifiers last year. They use ultraviolet light and photocatalytic technology to destroy airborne contaminants, including bacteria, viruses and volatile organic compounds (VOCs) such as formaldehyde.
The problem of formaldehyde and other chemical vapors drew attention after Hurricane Katrina, when displaced residents in government-issued trailers became sick from the fumes.
Last year, the federal government listed formaldehyde as a carcinogen, and said it can be found at unsafe levels in building materials, medical labs, hair salons and mortuaries.
Those are some of the markets for Innovative Labs' air purifiers, Webley said. The company's technology was a top performer in tests by Lawrence Berkeley National Laboratory, NASA, FEMA and the Centers for Disease Control and Prevention, he said.
The system doesn't produce ozone and uses sensors to monitor air quality, reporting real-time VOC concentrations on an LED display.
The Sonoma Breeze units range in size from a desktop model to larger ones that can purify spaces up to 1,000 square feet. They sell from about $200 to $2,000.
After a career in telecom, Webley turned his attention to green technology. He headed Novato green engineering startup PAX Streamline before launching Innovative Labs.
The deal with Thoroughbred Capital will help take Innovative Labs to the next level, Webley said.
“We showed the potential for the company,” he said.
2012年1月9日星期一
2011年12月28日星期三
Russ Choka created what we all yearn for – a place of community
On Friday, Russ Choka was laid to his rest, a much-deserved one. The gray skies reflected the somber mood at the morning vigil outside his restaurant, later at his funeral in the cathedral and finally at his grave in the Catholic cemetery.
So what was it then? Homage to Mr. Choka or simply that old familiar craving for a coney dog that drove us downtown three nights before Christmas? I don't know, but whatever it was when we pulled into the last space in the darkened parking lot, it was evident we were not alone. The place was jam-packed!
We stumbled through the back door, down the steps, through the kitchen, past the stove with the huge pots and the counter with tubs of dirty dishes into the restaurant, where we joined half of Fort Wayne. There was no room at this inn. We latecomers huddled together at the front and rear entrances of the old-timey establishment, eyeing the crowded tables, wondering “how long,” eager for our chance at the trough.
I'm telling you, that blazing Santa Claus sign was the slickest promotion Choka ever devised, shooting his revenue through the roof every December.
There were big-bellied Steelers fans chomping down dogs. Small shepherds and wise men with their worn-out parents chomping down dogs. Hot-shot high-schoolers in letter jackets with their girlfriends, businessmen, a woman in a fur coat, the ragged, the rich, the young and the old, all chomping down dogs. Why, it was “weinermania”! A fat baby in a high chair with a hot dog in one hand and pacifier in the other. An 89-year-old Leo Lion retelling the tale of his 1940 championship season when the whole team celebrated at this very establishment.
Knowledge handed down from one generation to the next is a beautiful thing to behold, and I watched as a doting grandfather hoisted his little angel onto a barstool at the counter. It took the child three seconds flat to discover the mystery of the motion of the swiveling stool, as she looked up in gratitude at her grandpa.
It had now been almost 10 hours since the vigil, and still the exhausted staff displayed a professionalism that would put the high-class joints in town to shame. In their soiled aprons and sweaty T-shirts proclaiming “Our buns are steamed,” I observed as they smiled patiently doing their best to satisfy all comers, sorting out Rubik's-cube orders — “Twenty- one coneys, nine with mustard, four without, five no onion.”
Thank heavens, a righteous man in a dark suit and tie, obviously straight from the church, was helping out, acting as maitre'd and busboy, alternately wiping tables and his brow.
Soon it was our turn to be seated, and in just an instant, like magic, our chili and coney dogs were placed before us. Gloria in the highest! Those dogs are the world's best!
Confirmed by the neon “World Famous Coney” sign blinking back in the window, I surveyed the scene. Only Norman Rockwell could have captured the magnitude of the neighborliness — friends sharing tall tales, strangers invited to pull up a chair, the laughter, the hugs, the “Merry Christmases”…
It was then I spotted her looking down on all of us — Mary with her baby, on a memorial blanket hung on a wall at the far end. Now my husband thinks I'm goofy, tearing up at the most inappropriate times, but honestly, that did it — that and the knowledge that Choka had chopped 50 pounds of onions seven days a week for more than 50 years!
And in that instant I knew why the place was packed, why business was booming, why the children would bring their children. The recipe was simple. With a humble hotdog, a spoonful of sauce and a fresh bun, Russ Choka had created what we all yearn for: a place of community.
So what was it then? Homage to Mr. Choka or simply that old familiar craving for a coney dog that drove us downtown three nights before Christmas? I don't know, but whatever it was when we pulled into the last space in the darkened parking lot, it was evident we were not alone. The place was jam-packed!
We stumbled through the back door, down the steps, through the kitchen, past the stove with the huge pots and the counter with tubs of dirty dishes into the restaurant, where we joined half of Fort Wayne. There was no room at this inn. We latecomers huddled together at the front and rear entrances of the old-timey establishment, eyeing the crowded tables, wondering “how long,” eager for our chance at the trough.
I'm telling you, that blazing Santa Claus sign was the slickest promotion Choka ever devised, shooting his revenue through the roof every December.
There were big-bellied Steelers fans chomping down dogs. Small shepherds and wise men with their worn-out parents chomping down dogs. Hot-shot high-schoolers in letter jackets with their girlfriends, businessmen, a woman in a fur coat, the ragged, the rich, the young and the old, all chomping down dogs. Why, it was “weinermania”! A fat baby in a high chair with a hot dog in one hand and pacifier in the other. An 89-year-old Leo Lion retelling the tale of his 1940 championship season when the whole team celebrated at this very establishment.
Knowledge handed down from one generation to the next is a beautiful thing to behold, and I watched as a doting grandfather hoisted his little angel onto a barstool at the counter. It took the child three seconds flat to discover the mystery of the motion of the swiveling stool, as she looked up in gratitude at her grandpa.
It had now been almost 10 hours since the vigil, and still the exhausted staff displayed a professionalism that would put the high-class joints in town to shame. In their soiled aprons and sweaty T-shirts proclaiming “Our buns are steamed,” I observed as they smiled patiently doing their best to satisfy all comers, sorting out Rubik's-cube orders — “Twenty- one coneys, nine with mustard, four without, five no onion.”
Thank heavens, a righteous man in a dark suit and tie, obviously straight from the church, was helping out, acting as maitre'd and busboy, alternately wiping tables and his brow.
Soon it was our turn to be seated, and in just an instant, like magic, our chili and coney dogs were placed before us. Gloria in the highest! Those dogs are the world's best!
Confirmed by the neon “World Famous Coney” sign blinking back in the window, I surveyed the scene. Only Norman Rockwell could have captured the magnitude of the neighborliness — friends sharing tall tales, strangers invited to pull up a chair, the laughter, the hugs, the “Merry Christmases”…
It was then I spotted her looking down on all of us — Mary with her baby, on a memorial blanket hung on a wall at the far end. Now my husband thinks I'm goofy, tearing up at the most inappropriate times, but honestly, that did it — that and the knowledge that Choka had chopped 50 pounds of onions seven days a week for more than 50 years!
And in that instant I knew why the place was packed, why business was booming, why the children would bring their children. The recipe was simple. With a humble hotdog, a spoonful of sauce and a fresh bun, Russ Choka had created what we all yearn for: a place of community.
2011年3月30日星期三
VASCO Data Security International, Inc. (NASDAQ: VDSI), Zevotek, Inc., (OTCBB: ZVTK), Broadwind Energy, Inc
VASCO Data Security Will Be Prominently Present at Infosecurity UK 2011, April 19-21 OAKBROOK TERRACE, Ill. and ZURICH, March 29, 2011 -- VASCO Data Security International, Inc. a leading software security company specializing in strong authentication products, today announced that it will be prominently present at the Infosecurity tradeshow, Earls Court Exhibition Centre, London, UK ( booth C21).The company will showcase its leading offerings for mobile and the cloud including DIGIPASS Nano and its groundbreaking DIGIPASS as a Service platform.
"VASCO is investing strongly in its presence at Infosecurity UK for two reasons. First of all, as a market leader in the field of Internet Security VASCO's presence at one of the world's greatest security tradeshows is a necessity. Secondly, the UK market is a strategic important market for VASCO. In that perspective we support our local customers, partners and prospects with our presence," declares Jan Valcke, President and COO of VASCO Data Security.
Forward Looking Statements: Statements made in this news release that relate to future plans, events or performances are forward-looking statements. These forward-looking statements (1) are identified by use of terms and phrases such as "expect", "believe", "will", "anticipate", "emerging", "intend", "plan", "could", "may", "estimate", "should", "objective" and "goal", "possible", "potential", and similar words and expressions, but such words and phrases are not the exclusive means of identifying them, and (2) are subject to risks and uncertainties and represent our present expectations or beliefs concerning future events. VASCO cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These risks, uncertainties and other factors have been described in greater detail in the Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, increasing numbers of patent infringement claims, changes in customer requirements, price competitive bidding, and changing government regulations, and (c) risks specific to VASCO, including, demand for our products and services, competition from more established firms and others, pressures on price levels and our historical dependence on relatively few products, certain suppliers and certain key customers. Reference is made to VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.
"VASCO is investing strongly in its presence at Infosecurity UK for two reasons. First of all, as a market leader in the field of Internet Security VASCO's presence at one of the world's greatest security tradeshows is a necessity. Secondly, the UK market is a strategic important market for VASCO. In that perspective we support our local customers, partners and prospects with our presence," declares Jan Valcke, President and COO of VASCO Data Security.
Forward Looking Statements: Statements made in this news release that relate to future plans, events or performances are forward-looking statements. These forward-looking statements (1) are identified by use of terms and phrases such as "expect", "believe", "will", "anticipate", "emerging", "intend", "plan", "could", "may", "estimate", "should", "objective" and "goal", "possible", "potential", and similar words and expressions, but such words and phrases are not the exclusive means of identifying them, and (2) are subject to risks and uncertainties and represent our present expectations or beliefs concerning future events. VASCO cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These risks, uncertainties and other factors have been described in greater detail in the Annual Report on Form 10-K for the fiscal year ended December 31, 2009 filed with the Securities and Exchange Commission and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, increasing numbers of patent infringement claims, changes in customer requirements, price competitive bidding, and changing government regulations, and (c) risks specific to VASCO, including, demand for our products and services, competition from more established firms and others, pressures on price levels and our historical dependence on relatively few products, certain suppliers and certain key customers. Reference is made to VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.
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