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Fresno Manufacturer Plans to
Create 209 New Jobs
A Fresno company plans to create 209 new jobs in the next five years thanks to a $2.5 million tax credit from the state.
Infinity Energy, Inc. secured the award from the Governor’s Office of Business and Economic Development (GO-Biz) as part of its California Competes program to keep jobs in the Golden State. The Rocklin-based company manufactures electric vehicle charging stations.
Infinity Energy currently employs 361 people but has plans to invest upwards of $11 million as part of an expansion that will increase its workforce to 570 by 2025. Some 75% of the net increase in full-time employees will work at least 75% of the time in Fresno, according to the tax credit agreement.
Altogether, GO-Biz recently announced $150 million in tax credits that are projected to create more than 7,600 new, full-time jobs in California. The funding will bring more than $1.2 billion in new investments across the state over the next five years, according to a news release.
Alliance to Support Aircraft De-
pot Work
The U.S. Navy awarded Aircraft Readiness Alliance LLC, a small business from Anchor- age, Alaska, a $57.5 million modification to a previously awarded cost-plus-fixed-fee con- tract. Some 75% of the work will be performed in Coronado, CA. in support of the aircraft depot at Naval Air Station North Island.
This modification exercises an option to provide depot-level maintenance services for aircraft, aircraft engines and associated sys- tems, equipment, components and materials in- volving rework of existing aviation end items, systems and components and the manufacture of items and component parts that are otherwise not available. These services also include modernization, conversion, in-service repair, disassembly and other associated services.
Work will be performed in San Diego (75%); Lemoore (11%); Camp Pendleton (5%); Miramar (3.5%); Whidbey Island, Washington (2.5%); Cannon, New Mexico (2%) and Kaneohe Bay, Ha- waii (1%), and is expected to be completed in October 2022.
Rocket Lab Surpasses Revenue
Expectations Amid Successful
Rocket Launch
Aerospace company Rocket Lab USA Inc. sur- passed third-quarter revenue expectations and announced it has entered into an agreement to acquire Planetary Systems Corp. in a cash and stock deal.
The Long Beach-based firm released the re- port Nov. 15 and said it saw revenue of $5.3 million, up from projections between $4 mil- lion and $5 million. The strong performance was largely due to its space systems unit, which grew 360% from the same quarter in 2020 and represented 27% of total revenue for the first nine months of 2021.
Autonomous Delivery Vehicle
Company Udelv Secures Award
Udelv, a Silicon Valley venture-backed company, announced in November that they have been selected by the United States Air Force (USAF) AFWERX program for a Phase II Small Business Innovation Research (SBIR) contract to improve flight line readiness by enhanc- ing the delivery turnaround time of critical equipment to and from maintenance tool rooms and back shop areas. By providing an autono- mous delivery solution, Udelv will reduce the delivery turnaround time of critical equip- ment and tools to and from maintenance tool rooms and other back shop areas that support aircraft maintenance to increase flight line readiness.
A pioneer in fully autonomous delivery technology, Udelv produces middle- and last- mile electric cab-less autonomous delivery vehicles for multi-stop delivery runs, called Transporters. The first fully electric cab-less autonomous vehicle for multi-stop delivery feature Udelv’s patented cargo robotics com- prised of a suite of hardware and software for intelligent loading and unloading, state-of- the-art telematics and fleet management, and are “driven” by Intel’s Mobileye autonomous driving sensors and computers. Udelv will pro- duce more than 50,000 Mobileye-driven Trans- porters by 2028, with commercial operations beginning in 2023.
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