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EMCORE Corp. (EMKR) Announces Soliant 1000 Commercial Rooftop CPV System Is Available For Pre-Production Orders

|Includes: EMCORE Corporation (EMKR)

EMCORE, a prominent supplier of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, today announced that the EMCORE Soliant 1000 Commercial Rooftop Concentrator Photovoltaic (NYSE:CPV) System has become available for pre-production orders. The breakthrough system can be seen for the first time at Intersolar Europe, June 13-15 in hall A4, booth 242 of the Munich Trade Fair Centre.

The EMCORE Soliant 100 system is specifically designed to provide solar power to commercial buildings with high-energy demands. Offering one of the highest energy production densities in the industry, the Soliant 100 delivers a cost-effective solar solution for commercial rooftops in areas with high Direct Normal Irradiance. The system generates more than 500 watts peak per panel (18 watts peak per square foot). This impressive figure results in the Soliant 1000 requiring approximately 28% less rooftop area than polycrystalline and approximately 38% less rooftop area than thin-film solar panels to generate 1000 megawatt hours (MWh) per year of energy output. The innovative system combines leading edge EMCORE solar cell technology with a patent pending TipTilt Tracking™ system. The TipTilt technology allows the system to track the sun's movement and adjust accordingly for maximum critical peak-hour energy output when utility energy is most expensive.

The panels used in the Soliant 1000 are lightweight, low profile, non-penetrating, and come fully assembled, ready to install. This capability presents a strong value proposition for developers, integrators, and installers as a greater number of projects can be completed in less time with lower labor costs and system costs. After installing the system, owners of commercial buildings are rewarded with the benefits of the lowest Levelized Cost of Energy, which represents the final cost to produce a kilowatt-hour of solar power. All of these attributes are integrated into a system designed for over 25 years of life.

"We are very excited to launch EMCORE's Soliant 1000 Commercial Rooftop CPV System at Intersolar Europe," said Christopher Larocca, Chief Operating Officer for EMCORE. "This announcement opens the door for EMCORE to enter the estimated $2 billion annual rooftop solar market. Production and deliveries are scheduled to commence later this year and we look forward to addressing this new segment."

The EMCORE Soliant 1000 is powered by EMCORE's proven multi-junction solar cell technology. EMCORE is a leading manufacturer of high-efficiency multi-junction solar cells for the terrestrial CPV market. EMCORE's Soliant 1000 delivers unsurpassed energy output, long-term reliability, and the lowest cost of energy from commercial rooftops.

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