Emcore Sells Minority Share of GELcore

Emcore Corp. of Somerset, N.J., has sold its membership interest in GELcore LLC to General Electric for $100 million. The company had a 49 percent stake in GELcore, which it formed with GE in 1999 to make traffic lights, channel letters and other signage and display products using high-brightness LEDs. GE already owned 51 percent of the company.





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