Daily Business Report: Oct. 30, 2023
Fire detection AI program named
one of TIME’s best inventions of 2023
TIME selected the University of California ALERTCalifornia program, the California Department of Forestry and Fire Protection (CAL FIRE), and industry partner Digital Path’s AI fire detection tool as one of the best inventions of 2023. The annual list features 200 extraordinary inventions that change lives.
ALERTCalifornia and CAL FIRE created the fire detection AI tool with the goal of improving firefighting capabilities and response times. The value of this public-private partnership is the development of AI to aid firefighters, mitigate watchstander fatigue, reduce false positives, and confirm fire incidents in the incipient phase.
Photo: CAL FIRE firefighters monitor the AI and ALERTCalifornia camera feeds. The award-winning AI tool helps reduce watch fatigue and improve response times to fires across California. (Photo credit: CAL FIRE)
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New fast hospital ship to be named ‘USNS Balboa’
after Naval Medical Center San Diego
By Chris Jennewein | Times of San Diego
Navy Secretary Carlos Del Toro told a cheering crowd at Naval Medical Center San Diego on Friday that the second Bethesda-class Expeditionary Medical Ship will be named USNS Balboa in honor of the historic medical complex.
The new class of ships is designed for rapid response to treat injuries among forward-deployed troops and damaged warships. The fast, shallow-draft vessels can quickly reach remote locations amid a crisis.
The 361-foot long catamarans built by Austal USA will have three operating rooms and 60 beds. Their flight decks will accommodate helicopters and Osprey tiltrotors. A total of three ships are currently planned.
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Two state agencies ground Cruise driverless cars for public safety
By Levy Sumagaysay | CalMatters
Citing public safety concerns, two state agencies on Tuesday suspended driverless car company Cruise’s licenses to test and deploy its vehicles, and its ability to carry passengers, immediately grounding its fleet of about 150 robotaxis in San Francisco.
The Department of Motor Vehicles was the first to say it had immediately suspended the General Motors-owned company’s licenses to test and deploy its fully autonomous vehicles. In response to CalMatters’ request for comment on the DMV’s move, the California Public Utilities Commission said it has also suspended Cruise’s ability to carry passengers in driverless vehicles.
The DMV’s suspension notices, seen by CalMatters, show that the agency based its suspensions on an Oct. 2 incident in San Francisco in which a Cruise autonomous vehicle dragged a pedestrian who had been hit by a different vehicle right beforehand. The vehicle that first hit the woman was driven by a human who fled the scene and has not been arrested, according to various media reports.
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California set to distribute $40 million to build EV fast chargers
California is set to distribute $40.5 million in federal funding to build 270 electric vehicle (EV) fast chargers at 26 sites along highways. Funded by President Biden’s Infrastructure Investment and Jobs Act (IIJA), the state is expected to receive more than $380 million to create 6,600 miles of EV corridors, with at least four fast chargers every 50 miles.
The federal National Electric Vehicle Infrastructure (NEVI) Program is focused on boosting EV travel throughout the country and creating a coast-to-coast network of EV fast chargers.
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Agencies confirm collaboration for Viasat
and MHI to develop telemetry system
The UK Space Agency (UKSA) and Japan Aerospace Exploration Agency (JAXA) have agreed to start bilateral collaboration to develop an in-orbit telemetry relay service, called “InRange,” which will be demonstrated on the H3 launch vehicle.
The bilateral collaboration for InRange builds upon the Memorandum of Cooperation (MoC) signed between both space agencies in 2021. Under this framework, InRange is jointly funded through UKSA’s International Bilateral Fund for the development of a new in-orbit telemetry relay service for space launch vehicles using Inmarsat-Viasat ’s global L-band network in geosynchronous orbit by Viasat and through JAXA for the transmitter and antenna development for the H3 launch vehicle by Mitsubishi Heavy Industries, Ltd. (MHI).
The UKSA contract announced for Viasat is valued at $1.4 million.
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Tri-City to partner with UC San Diego
to deliver world-class medical care
UC San Diego Health has been selected as Tri-City Healthcare District’s future health care partner. A Joint Powers Agreement will now be co-developed that allows UC San Diego Health to provide administrative, clinical and operational management for all health care services with direct input and guidance from a diverse community board. Under the future agreement, UC San Diego Health will partner with Tri-City’s Board, medical staff, employees and the community to offer the region affordable, accessible and high-quality health care services across the full range of specialties.
Moore, Schulman & Moore’s founding partners
recognized for their integrity and legal expertise
The founding partners of Moore, Schulman & Moore APC — Erik Moore and David Schulman — are being recognized by the American Academy of Matrimonial Lawyers for their integrity and legal expertise. The AAML has a strict standard for admission that includes a minimum of a decade of law practice with proven competence to litigate and settle complex matrimonial and family law matters.
Nuvve Holding Corp. announces stock proceeds of $2.066 million
Nuvve Holding Corp., a global technology leader accelerating the electrification of transportation through its proprietary vehicle-to-grid (V2G) platform, announced the closing of its definitive agreement with a single institutional investor for the purchase and sale of 13,772,940 shares of common stock and pre-funded warrants to acquire common stock in a registered direct offering. The purchase price of each share was $0.15. The aggregate gross proceeds to the company: $2.066 million.
MG Properties purchases Syracuse Properties in Denver
San Diego-based MG Properties, a leading real estate investment and management firm, recently acquired 4400 Syracuse Apartments, a newly built luxury midrise community located in one of Denver’s most desirable, dynamic, and growing submarkets. This acquisition underscores MG Properties’ commitment to providing top-tier living experiences and expanding its operational presence in the Denver market.
True Life Companies Elite Fund III sells
Vista and Silicon Valley parcels
The True Life Companies Elite Fund III LLC , a company focused on supplying entry-level housing options to homebuilding firms in high-need U.S. markets, has announced the sale of two properties in separate transactions that will bring new for-sale housing to Vista as well as the Silicon Valley town of Milpitas. The fund completed a purchase and sale agreement to Tri Pointe Homes in Vista, and completed parcel sales in Milpitas.
Vegan fast food chain unveils classic veggie patty and fries
Plant Power Fast Food introduces its latest culinary creation, the Hippie Patty, just in time for World Vegan Day on Nov. 1. The patty harkens back to the early days of vegetarianism and veganism with rustic, simple ingredients, including black beans, poblano peppers, chipotle peppers, roasted cashews, fresh garlic, and onions. Plant Power Fast Food is also introducing vitamin A and fiber packed crispy Sweet Potato Fries. Both the Hippie Patty and Sweet Potato Fries will be available in all locations starting Nov. 1, 2023.
UBS celebrates 15th year as presenting sponsor of Art San Diego
UBS announced that it is proud to again serve as presenting sponsor for Art San Diego in 2023, continuing its support for cultural endeavors around the world and affirming its commitment to using contemporary art to bring together ideas, inspiration, and innovation. As the premier contemporary fine art fair in Southern California, Art San Diego returns to the San Diego Convention Center Nov. 3-5, 2023, with exhibits showcasing works by prominent international, national, and local artists.
2024 MedDeve eMarketing Summit comes to San Diego
Now in its eighth year, the popular MedDev eMarketing Summit is back next May 2024 in San Diego. This is a one-of-a-kind “TED-style” digital marketing leadership storytelling Summit for medical device industry professionals, who are sharing their stories and strategies on how they have transformed their campaigns post-pandemic. 2024’s Summit will share leading industry takeaways on digital strategy leadership, strategy pivoting, digital disruption, B2B, B2C, content supply, and much more.
Veracyte announces presentations at SITC 2023 in San Diego
Veracyte Inc. announced that two poster presentations taking place at SITC 2023, the annual meeting of the Society for Immunotherapy of Cancer, in San Diego from Nov. 3-5 will demonstrate the potential for using the company’s novel tools to help advance the development of immuno-oncology drugs. These tools allow for better characterization of the tumor microenvironment (TME), which can enable new insights into drug response and mechanisms of resistance.
New STEM and performing arts centers open in Escondido
The Escondido Union School District has inaugurated a new state-of-the-art Science, Technology, Engineering and Mathematics (STEM) and Visual & Performing Arts Centers at the Del Dios Academy of Arts and Sciences in Escondido. Totaling 52,000 square feet and consisting of science labs, faculty lounges, collaborative workspaces, and 34 classrooms, the centers were funded by Proposition E, which was approved by Escondido voters in 2014.
