EMCORE completes acquisition of Intel's optical telecom assets

Feb. 25, 2008

FEBRUARY 25, 2008 -- The telecom assets EMCORE acquired include intellectual property, assets, and technology comprised of tunable lasers, tunable transponders, 300-pin transponders, and integrated tunable laser assemblies.

FEBRUARY 25, 2008 -- EMCORE Corp. has completed its acquisition of the telecom-related portion of Intel's Optical Platform Division. The telecom assets EMCORE acquired include intellectual property, assets, and technology comprised of tunable lasers, tunable transponders, 300-pin transponders, and integrated tunable laser assemblies (ITLAs). The acquisition agreement was signed and announced on Dec. 18, with a purchase price of $85 million in cash and common stock.

This acquisition enhances EMCORE's presence in the telecommunications market segment and expands its fiber-optics product portfolio. The acquired assets will be integrated into EMCORE's Digital Products Division (EDP).

"We are excited about the addition of the product portfolio, customer base, and the business and technical personnel from this acquisition. EMCORE is now one of a very few companies able to offer customers products for long-haul telecom, DWDM, enterprise, and storage applications. Furthermore, EMCORE will leverage its infrastructure of contract manufacturing and the vertical integration on both the long- and short-wavelength products to continue its cost-reduction effort," says Stephen Krasulick, vice president and general manager of EDP.

EMCORE will showcase its new fiber-optic products, through its internal effort and from this Intel asset acquisition, at this week's OFC show in San Diego, CA.

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