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Emcore said in its most recent quarterly financial conference call that its backlog in orders for its concentrated PV technology stood at $142 million. This did not include the provisional deal recently announced to supply 700MW of solar power systems for a proposed South West US energy utility project or a $300 million order placed by a Korea-based energy company.
“Calendar year 2008 revenue is expected to exceed $340 million, [includes fibre optics business] and the progress in each of our business segments continues to point towards the path of separating EMCORE into two separate companies," stated Reuben F. Richards Jr., Chief Executive Officer, in a financial press release.
In the conference call, executives noted that expanding CPV manufacturing capacity to meet current and future demand would require new capital financing, which would be best served with an IPO of the CPV business.
