CAMARILLO, Calif., May 6, 2009– In its mission to dramatically improve fuel economy and cut carbon emissions, today Transonic Combustion, Inc. announced that it has raised a C-round of equity funding. Transonic will use the capital to further advance its patented technology, expand its technical team and facilities, and continue collaborating with global automotive manufacturers.
Transonic Combustion, the Khosla Ventures-backed startup currently developing a high-efficiency fuel injection system that could lead to 100 mpg vehicles, said today it’s raised a third round of funding, though it declined to say exactly how much. Venrock, Rustic Canyon Partners and Saints Capital also participated in the round. The Camarillo, Calif.-based startup, which tends to be tight-lipped on many details of its business deals, will use the money to move its system closer to commercialization. Transonic’s technology is a new fuel-injection system that runs on high-compression diesel engines and minimizes waste heat while raising fuel economy, explains marketing director Eric Sharp. Once applied to engines, it can reduce emissions of NOx pollutants, such as the greenhouse gas nitrous oxide, by up to 50 percent.
CHICAGO, IL — Serious Materials, the leading energy-saving building materials company in the U.S., today welcomed United States Vice President Joe Biden along with United States Senators Dick Durbin and Roland Burris and Mayor Richard Daley to its most recently acquired windows manufacturing plant in Chicago. Vice President Biden, whose support played a pivotal role in the passing of the American Recovery and Reinvestment Act (ARRA), visited the high-performance window manufacturing plant to demonstrate his support for the creation of new green jobs through the American manufacturing of energy-saving building materials like SeriousWindows™ and SeriousGlass™.
With better-paid, better-trained operators working for foreign call centers, Indian consumers are often frustrated by the service they get.
In what may be a solid return for its investors, disk drive maker SiliconSystems Inc. has been sold to Western Digital Corp. for $65 million in cash, giving the hard disk giant its first solid-state product.
President Obama made remarks on investments in clean energy and new technology included in the budget from the Old Executive Office Building. Speaking before the president were Massachusetts Institute of Technology President Susan Hockfield, and Serious Materials Board Member Paul Holland.
In a weeklong blitz for his ambitious, but somewhat beleaguered budget, President Obama today is highlighting “clean energy” proposals. In advance of a meeting with entrepreneurs and research leaders, the White House released a “fact sheet” saying that the $787 billion stimulus bill includes $39 billion in energy investments at the Department of Energy and $20 billion in tax incentives for clean energy.
Serious Materials re-opens former Kensington Windows factory and re-hires ex-employees to manufacture energy-efficient, super-insulating SeriousWindows – helping to create green jobs for U.S.
Last December workers at Republic Windows launched a sit-in when their employer, citing the loss of line of credit, shut down their factory without notice. The workers, with the backing of their union, eventually got the back pay they were owed, but not the jobs. A few days later Robin Roy, a friend of mine whose wife is Cathy Zoi, the Director of Al Gore’s Alliance for Climate Protection, came to see me about his new job — with a company called Serious Materials. Robin was excited about Serious Materials’ breakthrough line of super-insulated but very low-cost windows.
After a decade of experimentation, companies have yet to find a reliable way to burnish their brands online. Research shows barely more than 1 in 1,000 people click on banner ads. What’s more, they rarely hang around long enough to absorb a brand message.