Emcore completes sale of non-strategic product lines to photonics foundries, inc.

Alhambra, ca, oct. 12, 2023 (globe newswire) -- emcore corporation (nasdaq: emkr), the world's largest independent provider of inertial navigation solutions to the aerospace and defense industry, announced today the completion of the sale of broadband segment product lines and its defense optoelectronics products to ortel llc, a wholly-owned subsidiary of photonics foundries, inc. the broadband lines include the company's cable tv, wireless, and sensing products. the transaction excludes the company's chips business, wafer fabrication facilities, and all assets not primarily related to the product lines that were sold.
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