Flux Power San Diego Business Journal Article - Cover
1
Vol. 38, No. 9 February 27-March 5, 2017 • $3.00 THE COMMUNITY OF BUSINESS ™ SDBJ.COM S AN D IEGO B USINESS J OURNAL New View: 2 entreprenuers reflect on moves from Silicon Valley Robust Outlook: Why the real estate climate should remain strong On the Runway: Settlement clears path for Brown Field project Revenue Driver: Jenn Harris will bring her golf simulator to you. 5 7 Message and data rates may apply. Federally insured by NCUA. 30,000 ATMs surcharge-FREE SDCCU ® Mobile Deposit mobile banking Cash Back Rewards SDCCU Paybacks™ & Dining Deals™ Palomar page 11 Cubic Aims for Defense Acquisitions to Click DEFENSE: Mission Solutions Biz Combines Systems, Services ■ BY BRAD GRAVES Not too many military satellite dishes make a hiss- ing noise like an air mattress deflating when it’s time to pack things up and ship them off to their next location. Then again, the satellite dish from Cubic Corp. ’s GATR Technologies business is not your typical model. Mixed-Use Planned at Former Hospital Site PROPERTY: Bids for Old Palomar Facility Already In ■ BY JOHN COX Escondido finally has an answer — part of one anyway — on what will be done with the hospital campus that has stood as a landmark in the city’s downtown since the 1950s. Palomar Health CEO Robert “Bob” Hemker told the health care district’s board of directors earlier this month that Palomar Medical Center Downtown will be redeveloped into housing, for sale or rental, plus some kind of commercial space. TECH: Actions After Lumedyne Acquisition Make For Good Mystery ■ By JOHN COX Searching For Google’s Motive Cubic page 12 Google page 44 G oogle has sparked a mystery of sorts by apparently shelv- ing the project that brought it to San Diego in the first place. The tech giant recently terminated a series of Navy license agreements it ac- quired in 2014 when it bought Lumedyne Technologies Inc., a local company that was developing sensor technology invent- ed at San Diego’s Space and Naval War- fare Systems Command, or SPAWAR . The move seems to have attracted notice: On Feb. 15, SPAWAR said it was contacted by a separate company interested in using the same patents Google walked away from. The agency declined to identify the company. Here’s the twist: Google has retained Flux’s Gamble Got the Market to Bet on Its Product Flux page 46 ENERGY: Battery Co. Got Key Customers, Credibility ■ By JOHN COX him like product development was taking a precariously long time. He figured if the Vista lithium-ion bat- tery company didn’t stake out a market position soon, larger competitors would. So, in early 2013, he took a big chance. Despite what was then Flux’s relatively low product reliability and limited assembly line, Dutt started showing its batteries to forklift manufacturers. It worked: In Febru- ary 2014, Toyota Motor Corp. approved the company’s batteries for use in its low-power forklifts, bestowing a new level of credibility. It remains a work in progress, and the Jamie Scott Lytle Flux Power Holdings Inc.’s CEO Ron Dutt Ron Dutt had only just started as CEO at Flux Power Holdings Inc. , but it looked to 8 17 Jamie Scott Lytle Brad Chisum says Google had a sense of urgency in 2014 when it purchased Lumedyne for a reported $85 million. Since establishing a presence here, however, Google apparently has recently stopped work on related efforts.
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Transcript of Flux Power San Diego Business Journal Article - Cover
Vol. 38, No. 9 February 27-March 5, 2017 • $3.00 T H E C O M M U N I T Y O F B U S I N E S S ™
S D B J . C O M
SAN DIEGO BUSINESS JOURNAL
New View: 2 entreprenuers refl ect on moves from Silicon Valley
Robust Outlook: Why the real estate climate should remain strong
On the Runway: Settlement clears path for Brown Field project
Revenue Driver: Jenn Harris will bring her golf simulator to you. 5 7
Message and data rates may apply. Federally insured by NCUA.
30,000 ATMssurcharge-FREE
SDCCU® Mobile Depositmobile banking
Cash Back RewardsSDCCU Paybacks™ & Dining Deals™
Palomar page 11
Cubic Aims for DefenseAcquisitions to ClickDEFENSE: Mission SolutionsBiz Combines Systems, Services■ BY BRAD GRAVES
Not too many military satellite dishes make a hiss-ing noise like an air mattress defl ating when it’s time to pack things up and ship them off to their next location. Then again, the satellite dish from Cubic Corp. ’s GATR Technologies business is not your typical model.
Mixed-Use Planned atFormer Hospital SitePROPERTY: Bids for OldPalomar Facility Already In■ BY JOHN COX
Escondido fi nally has an answer — part of one anyway — on what will be done with the hospital campus that has stood as a landmark in the city’s downtown since the 1950s.
Palomar Health CEO Robert “Bob” Hemker told the health care district’s board of directors earlier this month that Palomar Medical Center Downtown will be redeveloped into housing, for sale or rental, plus some kind of commercial space.
TECH: Actions AfterLumedyne Acquisition
Make For Good Mystery■ By JOHN COX
Searching For Google’s Motive
Cubic page 12Google page 44
Google has sparked a mystery of sorts by apparently shelv-ing the project that brought it to San Diego in the fi rst place.
The tech giant recently terminated a series of Navy license agreements it ac-quired in 2014 when it bought Lumedyne Technologies Inc., a local company that was developing sensor technology invent-
ed at San Diego’s Space and Naval War-fare Systems Command, or SPAWAR .
The move seems to have attracted notice: On Feb. 15, SPAWAR said it was contacted by a separate company interested in using the same patents Google walked away from. The agency declined to identify the company.
Here’s the twist: Google has retained
Flux’s Gamble Got the Market to Bet on Its Product
Flux page 46
ENERGY: Battery Co. GotKey Customers, Credibility ■ By JOHN COX
him like product development was taking a precariously long time.
He fi gured if the Vista lithium-ion bat-tery company didn’t stake out a market position soon, larger competitors would. So, in early 2013, he took a big chance.
Despite what was then Flux’s relatively low product reliability and limited assembly
line, Dutt started showing its batteries to forklift manufacturers. It worked: In Febru-ary 2014, Toyota Motor Corp . approved the company’s batteries for use in its low-power forklifts, bestowing a new level of credibilit y.
It remains a work in progress, and the
Jamie Scott Lytle
Flux Power Holdings Inc.’s CEO Ron Dutt
Ron Dutt had only just started as CEO at Flux Power Holdings Inc. , but it looked to
8 17
Jamie Scott LytleBrad Chisum says Google had a sense of urgency in 2014 when it purchased Lumedyne for a reported $85 million. Since establishing a presence here, however, Google apparently has recently stopped work on related efforts.
