Emcore Sells Minority Share of GELcore
Emcore Corp. of Somerset, N.J., has sold its membership interest in GELcore LLC to General Electric for $100 million. The company had a 49 percent stake in GELcore, which it formed with GE in 1999 to make traffic lights, channel letters and other signage and display products using high-brightness LEDs. GE already owned 51 percent of the company.
- The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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