Emcore Finalizes Product-Line Sale to NeoPhotonics
ALHAMBRA, Calif., Jan. 5, 2015 — Emcore Corp. has completed the sale of its tunable laser and transceiver product lines to NeoPhotonics Corp. of San Jose for $17.5 million.
Emcore received $1.5 million in cash and a $16 million promissory note from NeoPhotonics.
The transaction includes external-cavity integrable tunable laser assemblies (ITLAs), micro-ITLA, tunable XFP transceiver and integrated coherent transmitter products.
NeoPhotonics said previously that the product lines will help it meet demands for higher-capacity fiber optic networks.
For more information, visit www.neophotonics.com and www.emcore.com.
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