Sumitomo Electric to Acquire EMCORE's VCSEL Assets

SAN JOSE, CA (GLOBE NEWSWIRE) -- Sumitomo Electric Device Innovations USA, Inc. (SEDU), a leading provider in advanced optical and wireless communications solutions, announced that it has entered into a definitive agreement to acquire the Vertical Cavity Surface Emitting Laser (VCSEL) and VCSEL-enabled fiber optic transceiver technology and assets of EMCORE Corp.'s Enterprise business.

The VCSEL is the preferred light source for data transmission in short-distance links, interconnects for the data center and local networks (LANs, SANS, etc.). The VCSEL-based module products are designed to enable next-generation data interconnect capabilities that service providers and OEMs demand. Applications include rack-to-rack, ganged serial links, logic-logic data links, board-to-board and shelf-to-shelf configurations. In addition, the portfolio will offer solutions for 10GbE, 40GbE, 100GbE parallel optic modules and active optical cables. Future developments will target consumer and automotive markets as well.

"SEDU is committed to developing the products necessary to meet the requirements of high-bandwidth, high-speed optical networks," commented John Wyatt, President and CEO of Sumitomo Electric Device Innovations, USA. "By acquiring EMCORE's next-generation VCSELs and parallel optics products and technology, we will continue to advance high-performance computing applications and demonstrate the quality and reliability our customers have come to expect."

SEDU plans to continue the VCSEL fab operations in Albuquerque, NM and consolidate the Enterprise engineering team currently residing in Newark, CA to its nearby operations in San Jose, CA. On or prior to the closing, SEDU will enter into several ancillary agreements with EMCORE, including transition service agreements to ensure a smooth business transition. This deal is subject to certain closing conditions including US Government approval.

About Sumitomo Electric Device Innovations USA
Sumitomo Electric Device Innovations USA, Inc. (SEDU), a subsidiary of Sumitomo Electric Industries, Ltd., is a leading provider of optical components and modules to the telecom, CATV, broadband, and data communications markets. SEDU offers a comprehensive array of transceivers, transmitters, receivers, lasers, photodiodes, and passive components. SEDU also provides a comprehensive line of RF high power wireless solutions. SEDU focuses on the Americas market, while drawing on the well-established global presence of Sumitomo to achieve integrated support to customer facilities throughout the world.

EMCORE Corp. offers a broad portfolio of compound semiconductor- based products for the broadband, fiber optics, 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.

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