fbpx

EMCORE Signs Deal with Sandia

Companies to develop EMCORE’s concentrator photovoltaic power systems.EMCORE has signed a deal with Sandia National Laboratories to help develop EMCORE’s concentrator photovoltaic power systems. Sandia will provide technical support. EMCORE is adapting its state-of-the-art solar cell technology as a base for the development of large-scale, concentrator photovoltaic power systems.

Somerset-based EMCORE is a provider of compound semiconductor-based components and subsystems for the broadband, fiber-optic, satellite, solar-power and wireless communications markets. Sandia develops photovoltaics for grid-tied, utility-scale power generation.

“Our goal is to become the leader in solar energy power systems,” said Reuben Richards, CEO of EMCORE. “We have a very successful track record in commercializing next-generation technologies, as we have done in the satellite market. Sandia has long been a valuable partner in technology development for EMCORE. We look forward to their contributions to our program in terrestrial power systems.” Shares of EMCORE (Nasdaq: EMKR) rose 34 cents to $6.71 during mid-morning trading.

NJBIZ Business Events

ICON Honors Awards Program 2020

Tuesday, August 18, 2020
ICON Honors Awards Program 2020

Best Places to Work 2020

Thursday, September 17, 2020
Best Places to Work 2020

Best 50 Women in Business Award Program

Monday, September 21, 2020
Best 50 Women in Business Award Program