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Emcore Sells Shares of WWAT
Jan 2009
ALBUQUERQUE, N.M., Jan. 8, 2009 – Emcore Corp., a provider of semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets, has announced that it has completed the first closing of a two-step transaction involving the sale of its remaining interests in WorldWater & Solar Technologies Corp.

The company recently sold 1,446,428 shares of WorldWater Series D Convertible Preferred Stock and 152,522 Warrants to purchase shares of Series D Convertible Preferred Stock to The Quercus Trust for approximately $5.7 million and expects to complete the second closing, for an additional $5.7 million, within the next 90 days.

In November 2006, Emcore purchased approximately 4.9 million shares of WorldWater Series D Preferred Stock and 505,044 Warrants. Upon completion of the second closing with The Quercus Trust, Emcore will realize a 75 percent return on its WorldWater investment.

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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...
Emcore Corp.Employmentenergyfiber opticsgreen photonicsNews & Featuresphotonicssemiconductor-based componentssolar power marketsThe Quercus TrustWorldWater & Solar Technologies Corp.WorldWater Series D Convertible Preferred Stock

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