News Article
Emcore consolidates CPV business into Suncore
The move will allow Emcore to focus its efforts on its arsenide based multi-junction solar cell technology for both space and terrestrial power applications
Emcore Corporation has entered into a definitive agreement, subject to closing conditions, to consolidate its terrestrial concentrating photovoltaics (CPV) system engineering and development efforts into its joint venture, Suncore Photovoltaics.
Emcore has engaged in research, development, and manufacturing of solar concentrator photovoltaics technology and products since 2005.
The firm uses III-V multi-junction technology in its solar products.
The company has been providing terrestrial CPV solar cells, receiver assemblies, and complete turn-key CPV systems to the market for both grid-tied utility applications and commercial rooftop solar power applications.
In late 2010, Emcore formed its joint venture, Suncore Photovoltaics, with San'an Optoelectronics to engage in high-volume manufacturing and business development in China.
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Emcore Soliant 1000 rooftop system
In order to streamline the development and engineering effort for CPV systems, Emcore and Suncore have entered into a definitive agreement to consolidate intellectual property and development efforts for both ground mount and rooftop terrestrial CPV products, including key engineering, and sales and marketing personnel, to a wholly-owned subsidiary of Suncore in the United States.
Suncore's subsidiary will fund all ongoing R&D, marketing, sales and business development related to terrestrial CPV systems. Emcore will continue to own all of its intellectual property related to solar cell technology and maintain investment activities to advance CPV cell performance to serve a broader customer base within the CPV industry.
"This announcement will allow Emcore to focus its efforts on our core competency of multi-junction solar cell technology for both space and terrestrial power applications," comments Christopher Larocca, Emcore's Chief Operating Officer. "Moving forward, Emcore will continue to support Suncore through supply of advanced CPV solar cell products and maintain its presence in the terrestrial CPV Systems market through our ownership in Suncore."
"This transaction provides Suncore with strong research and development capability on top of the existing world-class, low-cost and high-volume manufacturing infrastructure, and allows Suncore to quickly respond to its customers' need in today's fast-changing solar energy market," adds Charlie Wang, General Manager of Suncore Photovoltaics.
"With our strong IP portfolio, solid financial status, and high volume manufacturing capacity, Suncore is now ready to serve the worldwide renewable energy industry with state-of-the-art CPV products and technology."
Emcore employees who are currently engaging in product and business development for terrestrial CPV will be transferred to Suncore. Emcore's Executive Vice President, Charlie Wang, will also be joining Suncore, continuing to serve as its General Manager on a full-time basis upon the closing of the transaction.
Emcore has engaged in research, development, and manufacturing of solar concentrator photovoltaics technology and products since 2005.
The firm uses III-V multi-junction technology in its solar products.
The company has been providing terrestrial CPV solar cells, receiver assemblies, and complete turn-key CPV systems to the market for both grid-tied utility applications and commercial rooftop solar power applications.
In late 2010, Emcore formed its joint venture, Suncore Photovoltaics, with San'an Optoelectronics to engage in high-volume manufacturing and business development in China.
Emcore Soliant 1000 rooftop system
In order to streamline the development and engineering effort for CPV systems, Emcore and Suncore have entered into a definitive agreement to consolidate intellectual property and development efforts for both ground mount and rooftop terrestrial CPV products, including key engineering, and sales and marketing personnel, to a wholly-owned subsidiary of Suncore in the United States.
Suncore's subsidiary will fund all ongoing R&D, marketing, sales and business development related to terrestrial CPV systems. Emcore will continue to own all of its intellectual property related to solar cell technology and maintain investment activities to advance CPV cell performance to serve a broader customer base within the CPV industry.
"This announcement will allow Emcore to focus its efforts on our core competency of multi-junction solar cell technology for both space and terrestrial power applications," comments Christopher Larocca, Emcore's Chief Operating Officer. "Moving forward, Emcore will continue to support Suncore through supply of advanced CPV solar cell products and maintain its presence in the terrestrial CPV Systems market through our ownership in Suncore."
"This transaction provides Suncore with strong research and development capability on top of the existing world-class, low-cost and high-volume manufacturing infrastructure, and allows Suncore to quickly respond to its customers' need in today's fast-changing solar energy market," adds Charlie Wang, General Manager of Suncore Photovoltaics.
"With our strong IP portfolio, solid financial status, and high volume manufacturing capacity, Suncore is now ready to serve the worldwide renewable energy industry with state-of-the-art CPV products and technology."
Emcore employees who are currently engaging in product and business development for terrestrial CPV will be transferred to Suncore. Emcore's Executive Vice President, Charlie Wang, will also be joining Suncore, continuing to serve as its General Manager on a full-time basis upon the closing of the transaction.
