Emcore Acquires Phasebridge

SOMERSET, N.J., Nov. 10 -- Emcore Corp., a provider of compound semiconductor-based components and subsystems for broadband, fiber optic, satellite and wireless communications markets, announced Wednesday it has purchased Phasebridge Inc. of Pasadena, Calif., including its specialty products, technologies and business, through an asset acquisition that closed on Nov. 8. Details of the transaction were not disclosed.

Phasebridge, a private company founded in 2000, makes optical modules and subsystem products including fiber optic gyroscopes (FOGs) for weapons and aerospace guidance, radio-frequency-over-fiber links for remote devices and optical networks, and emerging technologies such as optical radio frequency (RF) synthesis and processing, and terahertz spectroscopy.

Phasebridge operations will be integrated over the next several weeks into Emcore's Ortel division, located in nearby Alhambra, Calif., and the core group of Phasebridge's technical and engineering staff has joined Emcore. Emcore management said the deal will increase its projected fiscal 2006 revenues by approximately $2 million.

Emcore acquired JDSU's analog cable TV and RF-over-fiber specialty businesses in May.

Hong Hou, vice president and general manager of the Ortel division, said, "Together with the technology and product portfolio of Ortel and the recently acquired JDSU specialty business, Ortel will be able to offer a broad set of component and subsystem solutions in the FOG, RF, microwave and terahertz product markets."

For more information, visit: www.emcore.com