IPC Has New DC Address

IPC’s Government Relations and Environmental Policy office has moved to the heart of Washington, D.C. Its new address, 1331 Pennsylvania Ave. NW, is just blocks from both the White House and Capitol Hill, and near the offices of a number of IPC’s largest OEM (original equipment manufacturer) members. The move from Arlington, Va., dramatically raises…

Tessera Exits MEMS Business

Tessera Technologies, Inc. (NASDAQ: TSRA) (the “Company” or “Tessera”) announced today that it is restructuring its DigitalOptics business (“DOC”) to cease its remaining manufacturing operations and refocus efforts on monetizing DOC technologies, including solutions for imaging and MEMS technologies. The changes announced today will enable the Company to return its focus to its core IP…

ITT Expands China Facilities

ITT Corporation (NYSE: ITT) announced today that it is investing approximately $20 million to expand its braking technology production and R&D capabilities in Wuxi, Jiangsu Province, China, bringing its total investment in the facility to nearly $30 million over the past two years. The investment in the company’s Motion Technologies business is part of ITT’s…