Uniroyal Competes Purchase of Emcore’s Share in UOE

Culminating an exciting joint venture startup experience between Uniroyal Technology
and Emcore, UTC today announced the completion of the purchase of Emcore’s ownership
position in Uniroyal Optoelectronics, LLC (UOE). As a result of the transaction,
Emcore received 1,965,924 shares of Uniroyal common stock. Howard R. Curd, Chairman
and CEO of UTC noted, "We are pleased with the confidence Emcore has
shown in UTC and we look forward to a long-term relationship with them, both
as an important supplier and as a shareholder