Emcore Corporation Acquires Product Lines, Inventory, and Intellectual Property of Alvesta Corporation
Source/Type: EMCORE Corporation - Press Releases - As issued by company

December 17, 2002... SOMERSET, N.J.
Emcore expands fiber optic product line with additional parallel transceivers and transponders for infiniband, fibre channel and gigabit ethernet applications

Emcore Corporation, a leading provider of semiconductor technologies for global communications, announced today that it has acquired certain assets of privately-held Alvesta Corporation of Sunnyvale, California. Alvesta Corporation is an industry leader in the research and development of parallel optic transceivers for fiber optic communication networks. Alvesta pioneered four channel parallel optic transceivers for the Optical Internetworking Forum, 10G Fibre Channel, 10 gigabit Ethernet and Infiniband applications. Alvesta's product revenues from sales of its four-channel products were approximately $5 million in 2001.

Alvesta Corporation's technology will broaden Emcore's existing 12-channel (15 to 40 Gbps) product line to include four-channel, 16-channel, and 24-channel duplex transceivers. Emcore will continue to support the parallel optical products released by Alvesta, and immediately begin production of the four channel products in its state of the art Albuquerque facility. These parallel optical modules offer the advantages of high optical port density and low power consumption which are required by the next generation optical networking applications. Emcore now possesses Alvesta's inventory of four channel transceivers and can immediately ship Quadlink(TM) MSA compliant parts to customers.

"We have followed Alvesta's progress and products for some time. The company has consistently been a leader in the development of four-channel parallel optic technology and applications. We believe that their product technology is a perfect complement to our line of twelve channel parallel optic transceivers and transponders. The acquisition of Alvesta gives us the opportunity to expand our product portfolio to include 4X optics, MSA compliant pluggable transponders and key product technology. We plan to provide these solutions to our existing customers and Alvesta's former customers," said Dr. Hong Hou, Vice President of Emcore's fiberoptic divisions. "Furthermore we are pleased to have added some very talented people whom we believe will make a significant contribution to Emcore's success in the future."

"We are impressed with Emcore's commitment to the parallel optics market, adding to an already strong technical team and supporting high-volume manufacturing. Emcore and Alvesta customers will be able to benefit from the expanded product portfolio and excellent customer support that has become a hallmark of the team," said Dr. Al Yuen, Director of Emcore Silicon Valley and founder of Alvesta Corporation.

Financial terms of the acquisition were not disclosed. The purchase price includes the acquisition of intellectual property and inventory. In addition, Emcore has hired Alvesta's key design team. The transaction was completed on December 11, 2002.

Emcore Corporation offers a broad portfolio of compound semiconductor products for the broadband, wireless communications and solid state lighting markets. The Company's integrated solutions philosophy embodies state of the art technology, material science expertise and a shared vision of our customer's goals and objectives to be leaders and pioneers in the rapidly growing world of compound semiconductors. Emcore's solutions include: optical components for high speed data and telecommunications; solar cells for global satellite communications; electronic materials for wireless telephones; MOCVD tools for the growth of GaAs, AlGaAs, InP, InGaP, InGaAlP, InGaAsP, GaN, InGaN, AlGaN, and SiC epitaxial materials used in numerous applications, including data and telecommunications modules, cellular telephones, solar cells and high brightness LEDs.


Emcore's Locations

Corporate Headquarters Emcore Corporation
145 Belmont Drive
Somerset, NJ 08873,
USA
Tel: +1 732-271-9090
Fax: 732-271-9686


Emcore Optical Devices
10420 Research Road SE
Albuquerque, NM 87123
USA
Tel: +1 505 323 3400
Fax: +1 505 323 3402
E-mail: EODinfo@emcore.com

Emcore Photovoltaic
10420 Research Road SE
Albuquerque, NM 87123
USA
Phone: +1 505 332 5000
Fax: +1 505 332 5038
E-mail: ESCinfo@emcore.com

Emcore Fiber Optics
1600 Eubank Road SE
Albuquerque, NM 87123
USA
Phone +1 505 343 1111
Fax +1 505 343 8300
E-mail: Fiberoptics@emcore.com

Emcore Pacific Rim Office
1700 Wyatt Drive
Suite 5
Santa Clara, CA 95054
USA
Tel: +1 408 844 9400
Fax: +1-408 844 9401
E-mail: PacRim
Emcore Asia Office

Emcore Corporation
15F-1
272, Sec. 1, Kuang Fu Road,
Hsin-chu
Taiwan
Tel: (886-3) 579-9678
Fax: (886-3) 579-9660
Mobile/pager: 886-933-980-405
E-mail: asia
Emcore Europe Office

Emcore Corporation
35 rue de la Monnaie
34130 Mauguio
France
Tel: +33 4 67 29 28 86
Fax: +33 4 67 29 58 01
E-mail: euro

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