EMCORE Enters into a Purchase Agreement for its Concord Facility
2020年1月7日 - 6:27AM
EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced
Mixed-Signal Optics products that provide the foundation for
today’s leading-edge defense systems and high-speed communication
network infrastructures, announced it has entered into a purchase
agreement for a sale and leaseback transaction.
Under the terms of the purchase agreement, EMCORE agreed to sell
its property in Concord, California for a total purchase price of
$13.4 million. EMCORE anticipates that the close of the sale and
leaseback transaction will occur in the first calendar quarter of
2020, subject to satisfaction of certain customary closing
conditions for transactions of this type.
About EMCOREEMCORE Corporation is a leading
provider of advanced Mixed-Signal Optics products that provide the
foundation for today’s leading-edge defense systems and high-speed
communication network infrastructures. Our optical chips,
components, subsystems and systems enable broadband and wireless
providers to continually enhance their network capacity, speed and
coverage to advance the free flow of information that empowers the
lives of millions of people daily. The Mixed-Signal Optics
technology at the heart of our broadband transmission products is
shared with our fiber optic gyros and military communications links
to provide the aerospace and defense markets state-of-the-art
systems that keep us safe in an increasingly unpredictable world.
EMCORE’s performance-leading optical components and systems serve a
broad array of applications including navigation systems and
military communications, cable television, fiber-to-the-premise
networks, telecommunications, data centers, wireless infrastructure
and satellite RF fiber links. EMCORE has fully
vertically-integrated manufacturing capability through its
world-class Indium Phosphide (InP) wafer fabrication facility at
our headquarters in Alhambra, California, and is ISO 9001 certified
in Alhambra and at our facility in Beijing, China. For more
information, please visit www.emcore.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
statements include statements regarding the closing and the
anticipated timing of such closing of the sale and leaseback
transaction. These forward-looking statements are based on
management's current expectations, estimates, forecasts and
projections about EMCORE and are subject to risks and uncertainties
that could cause actual results and events to differ materially
from those stated in the forward-looking statements, including
without limitation, the following: (a) the ability of EMCORE to
meet its closing conditions to the sale and leaseback transaction;
(b) the risk that the timing of the sale and leaseback transaction
is delayed or that the transaction does not occur at all; and (c)
other risks and uncertainties discussed under Item 1A - Risk
Factors in our Annual Report on Form 10-K for the fiscal year ended
September 30, 2018, as updated by our subsequent periodic reports.
Forward-looking statements contained in this press release are made
only as of the date hereof, and EMCORE undertakes no obligation to
update or revise the forward-looking statements, whether as a
result of new information, future events or otherwise.
Contact:
EMCORE CorporationTom Minichiello(626)
293-3400investor@emcore.com
Sapphire Investor Relations, LLCErica Mannion or Michael
Funari(617) 542-6180investor@emcore.com
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