news digest ♦ Solar
become effective following the filing of an amendment to Emcore’s corporate charter.
Emcore has set February 15, 2012, as the record date for the Reverse Stock Split and anticipates that Emcore common stock will begin trading on the NASDAQ Global Market (“Nasdaq”) on a split adjusted basis at the opening of trading on February 16, 2012.
Nasdaq may append a “D” to the end of Emcore’s current trading symbol to indicate the Reverse Stock Split, but the trading symbol would revert to “EMKR” after approximately twenty trading days. In addition, Emcore common stock will trade under a new CUSIP number following the effectiveness of the Reverse Stock Split.
When the Reverse Stock Split becomes effective, every four shares of issued and outstanding Emcore common stock will be automatically combined into one issued and outstanding share of common stock without any change in the no par value per share or rights and preferences of our common stock. This will reduce the number of issued and outstanding shares of Emcore common stock from approximately 94.0 million to approximately 23.5 million.
No fractional shares will be issued in connection with the Reverse Stock Split, as any fractional shares which result from the Reverse Stock Split will be rounded up to the next whole share. Furthermore, proportional adjustments will be made to Emcore options, warrants and other securities, entitling their holders to purchase shares of Emcore common stock. The number of authorised shares of our common stock will also be proportionally reduced from 200 million to 50 million.
Additional information regarding the Reverse Stock Split may be found in Emcore’s definitive proxy statement filed with the Securities and Exchange Commission on May 5, 2011.
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www.compoundsemiconductor.net January / February 2012
Amonix recognised for its quality operations
The designer and manufacturer of utility-scale concentrated photovoltaic (CPV) multi-junction III-V solar power systems has received ISO 9001:2008 and IEC 62108 certifications
Both certifications represent key milestones in Amonix’ quality management system and field operation durability.
To become ISO 9001:2008 compliant, Amonix worked with a leading ISO accreditation agency that leveraged their vast aerospace and defence program knowledge to conduct a thorough assessment to be eligible for submission to the International Organization for Standardisation. This certification of compliance recognises that the policies, practices and procedures ensure consistency and the highest quality standards in the products provided to customers.
Receiving IEC 62108 compliancy is an important milestone and verifies that Amonix CPV solar power systems are capable of withstanding the extreme climate conditions.
“Achieving ISO 9001:2008 and attaining IEC certification further solidifies our leadership in utility-scale solar.” Amonix’ Interim CEO, Jan Van Dokkum stated. “Such effort demonstrates our commitment to providing superior quality and reliability in our CPV solar power systems.”
“Implementing an ISO-inspired, robust quality management processes adds immense value to our development and manufacturing plans,” Azmat Siddiqi, VP of Quality and Reliability at Amonix added. “ISO achievement was accomplished in record time based on an existing solid foundation. This along with the IEC Certification proves that we are committed to excellence every day in all we do.”
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