Key Developments: EMCORE Corp (EMKR.OQ)

EMKR.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Emcore Corp announces closing of sale of its Tunable Laser and Transceiver Product Lines to NeoPhotonics Corp
Monday, 5 Jan 2015 08:01am EST 

Emcore Corp:Says sale of its tunable laser and transceiver product lines to NeoPhotonics Corp.In connection with closing of transaction, EMCORE received $1.5 mln in cash and promissory note from NeoPhotonics in principal amount of $16 mln.Says promissory note will mature two years from closing date of the transaction, subject to repayments under certain circumstances, and is secured by certain of the assets sold to NeoPhotonics in the transaction.Says purchase price is subject to certain post-closing adjustments for inventory, net accounts receivable and pre-closing revenue levels, which will increase or decrease principal amount of promissory note as applicable.  Full Article

Emcore Corporation announces new Chief Executive Officer
Thursday, 11 Dec 2014 04:01pm EST 

Emcore Corporation:Says it has named Jeffrey Rittichier Chief Executive Officer of the Company.In his new role, Rittichier succeeds Dr. Hong Hou, who has served as the Company's President and CEO since March 2008.  Full Article

EMCORE Corp announces closing of sale of Space Photovoltaics Business to affiliate of Veritas Capital for $150 mln
Wednesday, 10 Dec 2014 03:48pm EST 

EMCORE Corp:Says it completed previously announced sale of Space Photovoltaics Business to SolAero Technologies Corp. (f/k/a Photon Acquisition Corporation), affiliate of private equity firm Veritas Capital.In connection with closing of transaction, EMCORE received $150 mln in cash consideration, subject to post-closing working capital adjustment.  Full Article

EMCORE Corp announces sale of Space Photovoltaics Business to Veritas Capital; announces CEO transition plan
Wednesday, 17 Sep 2014 06:28pm EDT 

EMCORE Corp:Enters into a definitive agreement with an affiliate of private equity firm Veritas Capital, under which an affiliate of Veritas has agreed to purchase EMCORE's Space Photovoltaics business for $150 mln in cash.Expected to close in Dec. 2014 or Jan. 2015.In connection with the announced sale of Space Photovoltaics business, EMCORE announces CEO transition plan.In light of EMCORE's more narrowly focused business operations following completion of this transaction, Hong Q. Hou, EMCORE's President and Chief Executive Officer, will be stepping down from his position.Hou will continue to serve in his current role until his successor is appointed.  Full Article

EMCORE Corp gives Q4 2014 revenue guidance in line with analysts' estimates
Thursday, 7 Aug 2014 04:08pm EDT 

EMCORE Corp:Expects Q4 2014 revenue to be in the range of $41 to $45 million.Q4 2014 revenue of $45 million - Thomson Reuters I/B/E/S.  Full Article

Emcore receives long-term supply contract by Lockheed Martin
Wednesday, 30 Jul 2014 08:00am EDT 

Emcore Corp:Enters into a new, long-term supply agreement with Lockheed Martin Space Systems to design and manufacture high-efficiency, multi-junction Coverglass Interconnected Cells (CIC) for Lockheed Martin's satellite program requirements.CICs will be produced at EMCORE's manufacturing facility located in Albuquerque, New Mexico, USA.  Full Article

EMCORE Corp awarded new long-term supply contract
Wednesday, 18 Jun 2014 08:00am EDT 

EMCORE Corp:Entered into new long-term supply agreement with Space Systems/Loral, LLC (SSL).To manufacture and deliver high-efficiency, multi-junction solar cells for SSL's satellite programs.This new contract follows several other earlier long-term supply agreements between SSL and EMCORE.The solar cells will be designed and produced at EMCORE's state-of-the-art manufacturing facility located in Albuquerque, New Mexico, USA.  Full Article

EMCORE announces settlement and license agreement relating to patent infringement lawsuit brought by Nichia Corp
Friday, 23 May 2014 04:45pm EDT 

EMCORE Corp:Announced that it has settled the patent infringement case brought by Nichia Corporation before the U.S. District Court for the Eastern District of Texas.  Full Article

EMCORE Corp gives Q3 2014 revenue guidance below analysts' estimates
Wednesday, 7 May 2014 04:05pm EDT 

EMCORE Corp:Expects Q3 2014 revenue to be in the range of $40 to $44 million.Q3 2014 revenue of $47 million - Thomson Reuters I/B/E/S.  Full Article

EMCORE Corp introduces new two-channel PB7220 portable frequency domain terahertz spectrometer
Thursday, 1 May 2014 08:01am EDT 

EMCORE Corp:Release of new PB7220-2000-T/R Two-Channel Portable Frequency Domain Terahertz (THz) Spectrometer.PB7220-2000-T/R is capable of simultaneous phase coherent measurements of both transmission and reflection properties of sample.Second channel allows single system to collect sample information at various angles of reflection or scattering from sample while continuously monitoring transmission.  Full Article

CORRECTED-BRIEF-Emcore Q4 non-GAAP loss per share $0.04 (Dec. 11)

(Corrects headline and second bullet to show non-GAAP loss per share was $0.04, not $0.19. Corrects third bullet to show earnings per share was $0.50, not $0.16)

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