EMCORE Corporation Completes Sale of VCSEL-Based Product Lines to Sumitomo Electric Device Innovations
2012年5月9日 - 5:01AM
EMCORE Corporation (Nasdaq:EMKR), a leading provider of compound
semiconductor-based components and subsystems for the fiber optics
and solar power markets, announced today that it has completed the
sale of its Vertical Cavity Surface Emitting Lasers (VCSEL)-based
product lines to Sumitomo Electric Device Innovations U.S.A., Inc.
(SEDU), a subsidiary of Sumitomo Electric Industries, LTD (SEI).
As previously disclosed, SEI agreed to pay $17 million in cash
for the fixed assets, inventory and intellectual property of the
VCSEL-based product lines within EMCORE's fiber optics business
unit, subject to closing adjustments. These product lines include
VCSEL and photodiode components, parallel optical transceiver
modules, and active optical cables.
About EMCORE
EMCORE Corporation offers a broad portfolio of compound
semiconductor-based products for the fiber optics and solar power
markets. EMCORE's Fiber Optics business segment provides
optical components, subsystems and systems for high-speed
telecommunications, Cable Television (CATV) and
Fiber-To-The-Premise (FTTP) networks, as well as products for
satellite communications, video transport and specialty photonics
technologies for defense and homeland security
applications. EMCORE's Solar Photovoltaics business segment
provides products for both space and terrestrial solar power
applications. For space applications, EMCORE offers
high-efficiency multi-junction solar cells, Covered Interconnect
Cells (CICs) and complete satellite solar panels. For terrestrial
applications, EMCORE offers a broad portfolio of Concentrator
Photovoltaic (CPV) multi-junction solar cells and components, as
well as commercial rooftop solar concentrator systems. For
further information about EMCORE, visit http://www.emcore.com.
About Sumitomo Electric Device Innovations U.S.A.,
Inc.
Sumitomo Electric Device Innovations U.S.A., Inc., (SEDU), is a
leading provider of optical components to the telecom, broadband,
and data communications markets including transceivers,
transmitters, receivers, lasers, and photodiodes for 10 Gb/s up to
100 Gb/s applications. SEDU also provides a comprehensive line
of GaAs and GaN drivers and amplifiers for high power RF wireless
solutions. The parent company, Sumitomo Electric Industries, LTD
(SEI), has sales of $25 billion with global operations providing
products and solutions for the automotive, communications,
electronics, industrial, power and other markets. For more
information, go to http://www.sei-device.com.
Forward-looking statements:
This release contains forward-looking statements made pursuant
to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, including forward-looking statements regarding
the asset sale transaction contemplated by the Company's master
purchase agreement with SEDU, the possibility of obtaining
regulatory approvals for that transaction and the Company's future
prospects. These statements are neither promises nor
guarantees, but involve risks and uncertainties that could cause
actual results to differ materially from those set forth in the
forward-looking statements, including, without limitation, risks
relating to the likelihood of obtaining regulatory and other
approvals necessary to consummate the asset sale transaction with
SEDU, risks related to our ability to profitably grow our
company, and other risks detailed in our filings with the SEC,
including those detailed in EMCORE's Annual Report on Form 10-K
under the caption "Risk Factors," as updated by EMCORE's subsequent
filings with the SEC, all of which are available at the SEC's
website at http://www.sec.gov. You are cautioned not to place
undue reliance on forward-looking statements, which speak only as
of the date of this press release. EMCORE Corporation does not
intend, and disclaims any obligation, to update any forward−looking
information contained in this release or with respect to the
announcements described herein.
CONTACT: EMCORE Corporation
Mark Weinswig
Chief Financial Officer
(505) 332-5000
investor@emcore.com
TTC Group
Victor Allgeier
(646) 290-6400
vic@ttcominc.com
EMCORE (NASDAQ:EMKR)
過去 株価チャート
から 6 2024 まで 7 2024
EMCORE (NASDAQ:EMKR)
過去 株価チャート
から 7 2023 まで 7 2024