Search Menu
Photonics Media Photonics Buyers' Guide Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook
More News

GE Lighting, EMCORE Join on LED Design, Production

Facebook Twitter LinkedIn Email Comments
SOMERSET, NJ, June 4 -- GE Lighting and EMCORE Corp. have finalized formation of GELcore LLC, a joint venture to design and produce white light and colored HB LEDs (high-brightness light emitting diodes). GELcore will develop and market HB LEDs as possible replacements and alternatives for applications such as miniature automotive, compact fluorescent, halogen and traditional incandescent lighting. GELcore expects its first commercial products to debut in the second half of 1999.
Under the terms of the joint venture agreement signed in January 1999, GE Lighting will control a 51% interest in GELcore and EMCORE, a 49% interest. EMCORE issued to GE Lighting warrants to purchase shares of EMCORE's common stock, which warrants will expire in 2006. In a related transaction, GE Equity bought a subordinated convertible debenture, the proceeds from which will be used to finance EMCORE's investment in GELcore. GE will beneficially own approximately 6.5% of EMCORE, based on common stock outstanding as of May 1, 1999.
Jun 1999
ConsumerNews & Features

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.