Emcore Acquires Soliant Energy
ALBUQUERQUE, N.M., March 31, 2011 — Emcore Corp. has acquired the product line and intellectual property of Soliant Energy Inc. of Monrovia, Calif.
A developer of concentrated photovoltaic (CPV) systems for commercial rooftop applications, Soliant’s rooftop CPV systems combine best-of-breed module design with patent-pending TipTilt Tracking that offers a high-energy-density, lightweight, low-profile, low-cost solution, Emcore said.
The company has acquired Soliant’s equipment, inventory, software, licenses, intellectual property and tooling for the product line. The acquisition was completed as part of an Assignment for the Benefit of Creditors process. It did not assume any liabilities of Soliant.
Emcore plans to integrate the former Soliant research and development and pilot production line into its facilities in Alhambra, Calif. The commercial manufacturing operation is expected to transfer to Emcore’s manufacturing joint venture, Suncore, which is in Huainan, China. To facilitate the integration, product and business development, and customer support, key members of the former company will join Emcore.
Emcore provides compound semiconductor-based components and subsystems for the fiber optic and solar power markets.
For more information, visit: www.emcore.com
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