The Soliant assets acquired by EMCORE include the equipment, inventory, software, licenses, intellectual property, and tooling for the rooftop solar energy product line.

The acquisition was completed as part of an assignment for the benefit of creditors process. EMCORE did not assume any liabilities of Soliant.

EMCORE plans to integrate the former Soliant research and development and pilot production line into its existing facilities located in Alhambra, California. The commercial manufacturing operation is expected to transfer to EMCORE's low-cost manufacturing joint venture, Suncore, based in Huainan, China.

Key members of the former Soliant team will join EMCORE to facilitate the integration, product development, and business development and customer support.

Soliant Energy was a developer of CPV systems for commercial rooftop applications. Soliant's rooftop CPV system combined best-of-breed module design with patent-pending TipTilt Tracking that offers a high energy density, light-weight, low-profile, and low-cost solution.

Hong Hou, CEO of EMCORE, said: “We are very pleased to add the Soliant solution to EMCORE's terrestrial CPV product portfolio. The addition of Soliant's rooftop CPV product line gives EMCORE immediate access to the reportedly multi-billion dollar rooftop PV market, and expands the reach of EMCORE's existing ground mount systems.

“We are very impressed with the capability of the Soliant team. With the establishment of our CPV design and customer service center in Southern California, we will be able to develop business opportunities and serve our customer base in the most active region for solar installations.”

Will the acquisition commercially benefit EMCORE?

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