CHARLTON, Mass., Feb. 5 -- FiberCore Inc. has entered into a joint venture with the Industrial Development Corp (IDC) of South Africa, a quasi governmental agency, and local investors to build a manufacturing facility for single-mode fiber in Cape Town, South Africa. The joint venture, FiberCore Africa, is a $28 million project, consisting of approximately $17 million in equity and $11 million in loans. For its contribution of technology and approximately $1.7 million in cash, FiberCore will have a 60-percent equity interest, with rights to purchase the remaining 40 percent between 2004 and...Read full articleRelated content from Photonics MediaArticlesOrganic Optoelectronics Device Supports IoT in Low-Power EnvironmentsOrganic-based optoelectronics have the potential to provide an energy-efficient way to operate low-power indoor devices and wireless IoT sensors. 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