Investors Sue Duluth Startup GeaCom

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By Brooks Johnson, Duluth News Tribune

“Investors are suing Duluth’s GeaCom Inc. for millions of dollars, alleging the medical device maker fraudulently led them to buy stakes in the company, according to court filings.

Five minority shareholders, who together invested more than $3.5 million into GeaCom, want to “recover the investment induced by … false statement regarding pending sales,” according to court documents filed in February.”

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Sentera Soaring To Next Level With Farm Drones

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By Neal St. Anthony, Star Tribune

“Richfield-based Sentera, one of several emerging makers of drones, sensors and software for America’s farmers, is gaining altitude. CEO, Eric Taipale, an engineer who started working on drones a generation ago for defense contractor Lockheed, said relationships with distributors such as huge farm-equipment manufacturer John Deere have been critical.”

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Stratasys and VA Create The First Hospital 3-D Printing Network

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By Dee DePass, Star Tribune

Screen Shot 2017-03-17 at 10.10.46 AMStratasys Ltd. has teamed up with five veterans hospitals to create the first three-dimensional printing hospital network in the country, company officials announced Thursday.

Under the partnership with the U.S. Department of Veterans Affairs (VA), Stratasys will provide VA hospitals around the country with industrial 3-D printers, 3-D printing plastics, other materials and training that will allow doctors to make customized medical devices for veterans. The first VA hospitals to receive the 3-D printers are located in Seattle, San Antonio, Albuquerque, Orlando and Boston, Stratasys officials announced.”

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Maxxum Acquires Trace Technology Management

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Via News Release

“MINNEAPOLIS and ST. PAUL, Minn., March 13, 2017 — Maxxum Inc., an IT asset disposal and data destruction firm based in the Twin Cities, has acquired Trace Technology Management, in St. Louis Park, MN.

Maxxum has assumed Trace Technology Management’s technology center in St. Louis Park and will keep the facility running under the Maxxum brand.”

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Digi-Key Electronics Is Planning a 1 Million Square Foot Expansion

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Via News Release

logo_dk“THIEF RIVER FALLS, Minn., March 6, 2017 — Digi-Key Electronics, the Thief River Falls-headquartered global distributor of electronic components, announces that it is reviewing several potential options for a one million square foot fulfillment, value-added manufacturing and warehouse center with an investment value of between $200-$300 million. While multiple options are under review, Thief River Falls would be its preferred location, contingent on both local approvals and legislative changes required.”

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Proto Labs Founder and Board Chairman Larry Lukis To Retire

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Screen Shot 2017-03-03 at 9.13.52 AMVia News Release

“MAPLE PLAIN, Minn.–(BUSINESS WIRE)–Custom prototyping and low-volume production company Proto Labs, Inc. (NYSE: PRLB) announced today that its founder and chairman of the board of directors, Larry Lukis, has chosen to retire and will not stand for re-election at the company’s annual meeting in May.”

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Land O’ Lakes Launches $150k Drones For Ag Contest

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Screen Shot 2017-02-16 at 8.35.12 AMBy Nick Williams, Minneapolis-St. Paul Business Journal

Land O’Lakes Inc. is challenging the tech industry to come up with new ways that drones can be used to benefit agriculture. Through Aug. 1, the company will run a crowdsourcing competition seeking innovations that will help farmers use data and images to better manage their farms.

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Hundreds Of Oculus VR Demos Pulled From Best Buy Stores

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By Alex Heath, Business Insider

“Facebook is closing around 200 of its 500 Oculus virtual reality demo stations at Best Buy locations across the US, Business Insider has learned.

The scaling back of Facebook’s first big retail push for VR comes after workers from multiple Best Buy pop-ups told BI that it was common for them to go days without giving a single demonstration. An internal memo seen by BI and sent to affected employees by a third-party contractor said the closings were because of “store performance.”

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