Emcore Finalizes Product-Line Sale to NeoPhotonics

Emcore Corp. has completed the sale of its tunable laser and transceiver product lines to NeoPhotonics Corp. of San Jose for $17.5 million.

Emcore received $1.5 million in cash and a $16 million promissory note from NeoPhotonics.

The transaction includes external-cavity integrable tunable laser assemblies (ITLAs), micro-ITLA, tunable XFP transceiver and integrated coherent transmitter products.

NeoPhotonics said previously that the product lines will help it meet demands for higher-capacity fiber optic networks.

For more information, visit www.neophotonics.com and www.emcore.com.