Emcore Corporation
EMCORE Corporation, together with its subsidiaries, was established in 1984
as a New Jersey corporation. The Company became publicly traded in 1997 and
is listed on the Nasdaq Stock Exchange under the ticker symbol EMKR. EMCORE
pioneered the linear fiber optic transmission technology that enabled the world’s
first delivery of Cable TV directly on fiber, and today is a leading provider
of advanced Mixed-Signal Optics products that enable communications systems
and service providers to meet growing demand for increased bandwidth and connectivity.
The Mixed-Signal Optics technology at the heart of our broadband communications
products is shared with our fiber optic gyros and inertial sensors to provide
the aerospace and defense markets with state-of-the-art navigations systems
technology. With both analog and digital circuits on multiple chips, or even
a single chip, the value of Mixed-Signal device solutions is often far greater
than traditional digital applications and requires a specialized expertise held
by EMCORE which is unique in the optics industry.
EMCORE has fully vertically-integrated manufacturing capability through our
Indium Phosphide (“InP”) compound semiconductor wafer fabrication
facility at our headquarters in Alhambra, CA. The facility supports EMCORE’s
vertically-integrated manufacturing for our laser, transmitter and receiver
products for Cable TV and other broadband applications, fiber optic gyro sensors
for Navigation Systems, and chip devices for Telecom and Datacom applications.
We currently have one reporting segment: Fiber Optics. This segment is comprised
of three product lines: Broadband, Chip Devices and Navigation Systems. Please
see our consolidated financial statements and footnotes included in this Annual
Report for financial information regarding this segment. Until the quarter ended
December 31, 2014, we operated as two segments: Fiber Optics and Photovoltaics.
EMCORE's former Solar Photovoltaics business, which was sold in December 2014,
provided products for space power applications including high-efficiency multi-junction
solar cells, covered interconnect cells and complete satellite solar panels.
In addition, as further described below, EMCORE sold certain assets, and transferred
certain liabilities, of the Company's telecommunications business, including
the ITLA (Integrable Tunable Laser Assembly) micro-ITLA, T-TOSA (Tunable Transmitter
Optical Subassembly) and T-XFP (Tunable 10 Gigabit Form Factor Pluggable) product
lines within the Company’s telecommunications business, in January 2015.
InP compound semiconductor-based products provide the foundation of components,
subsystems, and systems used in a broad range of technology markets. Compound
semiconductor materials can provide electrical or electro-optical functions,
such as emitting optical communications signals and detecting optical communications
signals.
Specifically, within our Fiber Optics reporting segment, our Broadband products
serve the Cable TV (“CATV”), Satellite Communications and Wireless
markets; our Chip products serve the Telecommunications, Fiber-To-The-Premises
(“FTTP”), Long-Term Evolution (“LTE”) and Data Center
markets; and our Navigation Systems products primarily serve the Aerospace and
Defense markets.
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