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Kid-tracker Jiobit acquired by Life360 in deal worth up to $52.5 million

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Jiobit, a tracking device startup company in Chicago, is being acquired by an on-site software company valued at up to $ 54.5 million. Life360, a San Francisco-based company best known for its smartphone app that parents use to keep an eye on their children, has reached an agreement to sell hardware maker Jiobit for $ 37 million in stock and debt to acquire. The amount could climb to around $ 55 million if Jiobit hits certain performance goals within two years. "We have long wanted to expand beyond the smartphone to wearable devices and Jiobit is the market-leading device for pets, younger children and seniors," said Chris Hulls, CEO of Life360, in a statement. "With Jiobit, Life360 would be the market leader in hardware and software products for families." Jiobit was founded in 2015 by former Motorola executive John Renaldi after temporarily losing track of his son while visiting Maggie Daley Park. A tracker has been launched using wireless networks that c

Optomec Reports $2 Million in Orders from Leading Media and Technology OEM | Your Money

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ALBUQUERQUE, NM - (BUSINESS WIRE) - Nov 1, 2021-- Optomec Inc., the leading provider of 3D additive electronics manufacturing solutions, today announced it has received orders valued at approximately $ 2 million from a leading provider of digital connectivity solutions. Recent orders include the supply of three (3) Aerosol Jet electronic 3D printers along with associated software and digital products, as well as professional application development support services. The customer uses Optomec's patented aerosol jet process for the development and final production of a wide range of next-generation portable devices. This press release contains multimedia. View the full version here: https://www.businesswire.com/news/home/20211101005906/en/ The extreme in aerosol-jet-printed wearable devices: Left - Stretchable, skin-like electrode patch to demonstra

Duke receives $5 million from Charles LaFitte Foundation to support Science and Technology initiative

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Duke recently received a $ 5 million donation to support his science and technology initiative. The donation comes from the Charles LaFitte Foundation, a family foundation founded by Duke parents Jeffrey and Suzanne Citron. The Citrons also donated to Duke in 2018, where they donated an additional $ 5 million to the university to support similar efforts; They recently renewed over $ 2 million in funding from this donation. "The Charles LaFitte Foundation has generously supported Duke programs across campus over the years so there has been an ongoing dialogue," Jeff Glass, interim dean of the Pratt School of Engineering, wrote in an email to The Chronicle. "Duke's interest in promoting computer education at the university was consistent with the foundation's vision of influencing Duke students and faculties." The gift will be used to support the initiative

Optomec Reports $2 Million in Orders from Leading Media and Technology OEM | Your Money

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ALBUQUERQUE, NM - (BUSINESS WIRE) - Nov 1, 2021-- Optomec Inc., the leading provider of 3D additive electronics manufacturing solutions, today announced it has received orders valued at approximately $ 2 million from a leading provider of digital connectivity solutions. Recent orders include the supply of three (3) Aerosol Jet electronic 3D printers along with associated software and digital products, as well as professional application development support services. The customer uses Optomec's patented aerosol jet process for the development and final production of a wide range of next-generation portable devices. This press release contains multimedia. View the full version here: https://www.businesswire.com/news/home/20211101005906/en/ The extreme in aerosol-jet-printed wearable devices: Left - Stretchable, skin-like electrode patch to demonstra