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News

1 October 2007

 

In brief: SAFC Hitech, Emcore and Cree/Arrow

Epichem formally changes name to SAFC Hitech

As of 1 October, the SAFC Hitech name has formally come into effect, says the business’ president Barry Leese (former managing director and co-founder in 1983 of Epichem Group Ltd of Bromborough, UK, which manufactures precursors for metalorganic chemical vapor deposition and atomic layer deposition).

Epichem was acquired by chemical supplier Sigma-Aldrich Corp in February for $60m to expand the materials science offering of its custom fine-chemical manufacturing and services arm, SAFC of St Louis, MO, USA).

The name change means that Epichem Ltd becomes SAFC Hitech Ltd, Epichem Inc becomes SAFC Hitech Inc, Epichem Asia Co Ltd becomes SAFC Hitech Taiwan Co Ltd, Epichem Shanghai Co Ltd becomes SAFC Hitech Shanghai Co Ltd, and Epichem Korea Ltd becomes SAFC Hitech Korea Ltd.

See related items:

SAFC Hitech unveils five-year MOCVD and ALD roadmap for 32nm and beyond

SAFC’s Hitech segment focusing on semiconductor sector

Epichem acquired by Sigma-Aldrich for $60m

Visit: www.safchitech.com

Emcore expects compliance with SEC and NASDAQ in October

Emcore Corp of Albuquerque, NM, USA, which manufactures components and subsystems for the broadband, fiber-optic, and solar markets, says that it expects to be compliant with the Securities and Exchange Commission and NASDAQ in October.

Since the special committee of Emcore’s board of directors completed its investigation into past stock option grant practices, the firm has focused on determining the appropriate measurement dates for all stock option grants that were incorrectly dated, and on making corresponding accounting adjustments to its historical and current financial statements where appropriate.

The firm believes that it has determined the appropriate measurement dates for all misdated stock option grants and has determined the accounting impact for those grants. It says that it has now concluded its accounting and financial review and that the additional stock-based compensation charge remains unchanged as reported in November 2006.

Emcore and its legal and accounting advisors are working to complete the remaining steps necessary to become current in its SEC reporting obligations. The firm expects to file its outstanding annual report on Form 10-K for the fiscal year to end-September 2006 and its quarterly reports on Form 10-Q for the fiscal quarters to end-December 2006, end-March 2007 and end-June 2007 with the SEC in October.

See related item:

Nasdaq issues further warnings to Kopin and Emcore

Visit: www.emcore.com

Arrow and Cree launch lighting solutions seminars in China

LED maker Cree Inc of Durham, NC, USA is launching a series of lighting solutions seminars in China with Arrow Asia Pac Ltd of Honk Kong, a business unit of Arrow Electronics Inc, which markets and distributes Cree’s LED products through its sales & marketing network of 51 sales offices in 11 countries and territories in the Asia-Pacific region.

“The growth in lighting equipment is driving increased demand for a wide range of high-performance lighting solutions,” says Arrow Asia Pac’s VP of marketing CC Lim. “This alliance gives Arrow’s over 10,000 customers throughout the Asia-Pacific region ready access to some of the brightest and most efficient high-power LED products on the market,” he claims.

“Cree is able to leverage Arrow Asia’s large base of customers, strong technical service, and efficient supply-chain capabilities to drive the LED lighting revolution,” says Cree’s senior VP of sales Bob Pollock.

“China is expected to be one of the key LED markets in Asia. To showcase Arrow’s competitive and leading-edge lighting solutions, we have held a series of seminars n various key cities including Shenzhen, Ningbo, Beijing and Xian in China,” says Peng Gun Goh, Arrow Asia Pac’s director of lighting business development. “The seminars provide designers and manufacturers of lighting products a comprehensive overview of Cree’s LED products and Arrow’s total lighting solution.”

Visit Arrow: www.arrowasia.com

Visit Cree: www.cree.com