SAN JOSE, Calif. -- Sumitomo Electric Device Innovations USA, Inc. (SEDU), a leading provider in advanced optical and wireless communications solutions, today announced that it has entered into a definitive agreement to acquire the Vertical Cavity Surface Emitting Laser (VCSEL) and VCSEL-enabled fiber optic transceiver technology and assets of EMCORE Corporation's Enterprise business.

The VCSEL is the preferred light source for data transmission in short-distance links, interconnects for the data center and local networks (LANs, SANS, etc.). The VCSEL based module products are designed to enable next-generation data interconnect capabilities that service providers and OEMs demand. Applications include rack-to-rack, ganged serial links, logic-logic data links, board-to-board and shelf-to-shelf configurations. In addition, the portfolio will offer solutions for 10GbE, 40GbE, 100GbE parallel optic modules and active optical cables. Future developments will target consumer and automotive markets as well.

"SEDU is committed to developing the products necessary to meet the requirements of high-bandwidth, high-speed optical networks," commented John Wyatt, President and CEO of Sumitomo Electric Device Innovations, USA. "By acquiring EMCORE's next-generation VCSELs and parallel optics products and technology, we will continue to advance high-performance computing applications and demonstrate the quality and reliability our customers have come to expect."

Emcore Corp. (Nasdaq: EMKR)