EMCORE Announces Sale and Leaseback of Tinley Park, IL Facility

December 15, 2022

https://www.globenewswire.com/news-release/2022/12/15/2574589/337/en/EMCORE-Announces-Sale-and-Leaseback-of-Tinley-Park-IL-Facility.html

ALHAMBRA, CA, Dec. 15, 2022 (GLOBE NEWSWIRE) — EMCORE Corporation (Nasdaq:EMKR), a leading provider of advanced mixed-signal products that serve the aerospace & defense, communications, and sensing markets, announced today that pursuant to a Purchase and Sale Agreement entered into on November 1, 2022, it has completed the sale and leaseback of its Tinley Park, IL facility, generating $10.3 million in net cash proceeds.

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