From EArlier: EMCORE Corporation Provides Update on Manufacturing for Its Flood-Impacted Fiber Optics Products
EMCORE Corporation (Nasdaq: EMKR) announced yesterday that it expects to be fully recovered from the impact of the Thailand floods on its manufacturing operations, and able to achieve pre-flood production levels on all of its continuing product lines by October 2012. EMCORE expects increased shipments for its fiber optics segment in the coming quarters as manufacturing volume ramps to normal levels.
In October 2011, EMCORE announced that flood waters had severely impacted the inventory and production operations of the Company's primary contract manufacturer in Thailand. The impacted areas included certain product lines for the Telecom and Cable Television (CATV) market segments. The Photovoltaics segment was not affected by the Thailand floods. Since that announcement, EMCORE has developed and implemented a plan to rebuild the impacted production lines at other locations, including an alternate facility of its contract manufacturer in Thailand, as well as its own manufacturing facilities in China and the United States.
EMCORE reports that the rebuild plan is progressing on schedule. The production line for ITLAs (Integrable Tunable Laser Assemblies) for 40 and 100 Gb/s (Gigabit per second) coherent telecom applications has been up and running since March at its contract manufacturer in Thailand, ahead of schedule. Production line qualification has been completed and most customers successfully completed full-line audits and started taking shipments in April. As of this quarter, the ITLA line is operating at pre-flood capacity run-rates. The CATV laser module and transmitter production lines at EMCORE's facility in China reached pre-flood capacity levels in mid July. EMCORE expects the Tunable XFP (TXFP) transceiver line at the Company's contract manufacturer in Thailand to reach volume production levels by October 2012. In the meantime, TXFP manufacturing is continuing in the U.S. at EMCORE's Newark, California facility.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.