EMCORE's Concentrating Photovoltaic Joint Venture in China Commences Production
2012年3月2日 - 1:30AM
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound
semiconductor-based components and subsystems for the fiber optic
and solar power markets, announced today that its joint venture
with San'an Optoelectronics, Suncore Photovoltaics, has completed
its Phase-I construction and started production of concentrating
photovoltaic (CPV) modules in its facility located in Huainan,
China. A grand opening ceremony was held to officially mark
production commencement on February 21, 2012.
Suncore was founded in July 2010, and broke ground to start
construction of the current facility in February 2011. The current
production facility in Huainan is the first phase of its
three-phase construction and business growth plan. Now with Phase I
having been completed, Suncore has an annual production capacity of
200 megawatt (MW) CPV modules using a highly automated production
line.
Suncore has begun production against its 50MW purchase order for
an installation in Golmud, China. Once completed, this project
will be the largest CPV installation in the world.
"Given the current macroeconomic environment for photovoltaics,
we believe China is emerging as the most promising market for CPV
solar power in the world," said Christopher Larocca, Chief
Operating Officer of EMCORE. Mr. Larocca added, "Suncore's
initial 50MW purchase order is a testament to the demand for CPV in
China, and we firmly believe that Suncore's cost model will allow
Suncore to aggressively compete in the photovoltaic market there
and around the world. EMCORE is very proud to be supplying
the highest efficiency terrestrial solar cells currently in
production for this milestone project."
"This is an exciting milestone for EMCORE Corporation, San'an
Optoelectronics and Suncore. With the strong support from San'an,
EMCORE, and the local regional government, Suncore completed the
facility construction and commenced production at its new
state-of-the-art manufacturing facility in one year," added Dr.
Charlie Wang, President and CEO of Suncore
Photovoltaics. "Suncore has also made tremendous progress
developing solar projects in China. Through close collaboration
with our business partners, Suncore is well positioned to be the
dominant CPV supplier in China for commercial and power utility
applications by offering a long-term cost-effective product to our
customers."
About EMCORE
EMCORE Corporation offers a broad portfolio of compound
semiconductor-based products for the broadband, fiber optic,
satellite and solar power markets. EMCORE's Fiber Optic segment
offers optical components, subsystems and systems for high-speed
data and telecommunications networks, cable television (CATV) and
fiber-to-the-premise (FTTP), as well as specialty photonics
technologies for defense and homeland security applications.
EMCORE's Photovoltaic segment provides products for both satellite
and terrestrial applications. For satellite applications, EMCORE
offers high-efficiency Gallium Arsenide (GaAs) solar cells, Covered
Interconnect Cells (CICs) and panels. For terrestrial applications,
EMCORE is adapting its high-efficiency GaAs solar cells for use in
solar concentrator systems. For further information about EMCORE,
visit http://www.emcore.com.
About SUNCORE
Suncore Photovoltaics Technology Co, Ltd, was founded in July
2010 as a joint venture between San'an Optoelctronics Co, Ltd in
China and EMCORE Corporation for the purpose of engaging in the
development, manufacture, and distribution of CPV receivers,
modules and systems for terrestrial solar power
applications. The joint venture consists of a 40 percent
ownership by EMCORE and a 60 percent ownership by San'an. It
is located in the High-Tech Development Zone of Huainan City, Anhui
Province in China. For further information about Suncore, visit
http://www.suncorepv.com.
About SAN'AN OPTOELECTRONICS San'an
Optoelectronics Co. Ltd is the largest producer of LED epitaxial
wafers and chips and a leader of CPV manufacture and deployment in
China. As a publicly traded company listed on the Shanghai Stock
Exchange (Stock code: 600703), San'an's current market
capitalization is approximately $2.5 billion. San'an designs,
manufactures, sells, and supports products including full
wavelength range high-brightness LED chips and wafers,
compound-semiconductor solar cells, and PIN photodiodes. It
operates over 250,000 m2 of facilities in Xiamen, Fujian
province, Wuhu, Anhui province, and Tanjin. Its annual LED
production capacity has reached 650,000 wafers or 20 billion LED
chips currently. For further information, please visit San'an's
website at http://www.Sanan-e.com.
Forward–looking statements:
The information provided herein may include forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, but are not
limited to, any statement or implication that the contract
described in this press release will be successfully completed.
Such forward-looking statements involve risks and uncertainties
that, if realized, could materially impair the Company's results of
operations, business, and financial condition. These risks and
uncertainties include, but are not limited to, (a) the termination
for convenience of the contract, which is permitted by the terms of
that contract, and (b) factors discussed in more detail under "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in the company's SEC filings.
Forward-looking statements contained in this press release are made
only as of the date hereof, and the company undertakes no
obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or
otherwise.
CONTACT: EMCORE Corporation
Mark Weinswig
Chief Financial Officer
(505) 332-5000
investor@emcore.com
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
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