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EMCORE Corp. (EMKR) Announces Delivery Of 1 Millionth Solar Cell To Space Systems/Loral

|Includes: EMCORE Corporation (EMKR)

EMCORE, a prominent supplier of compound semiconductor-based components and subsystems to the fiber optic and solar power markets, today announced that it has reached an incredible milestone after recently delivering its 1 millionth high-efficiency, multi-junction solar cell to Space Systems/Loral (SS/L), which will eventually represent more than a megawatt of power delivered into space. This occasion will be marked by a joint special event hosted by EMCORE and Space Systems/Loral at EMOCORE's Albuquerque facilities during the week of February 25, as well as a commemorative award representing the 1 millionth solar cell.

Space Systems/Loral has used EMCORE as its primary supplier for high-efficiency, multi-junction solar cells for over 10 years and in May 2009 the two companies entered into a long term supply agreement for EMCORE to continue manufacturing and delivering solar cells through 2014. EMCORE's business connection with Space Systems/Loral has been a key factor in the development of the company's flourishing photovoltaics division and the success of its space satellite solar power business. Since its inception in 1998, EMCORE Photovoltaics has experienced incredible growth, even recently becoming the world's largest manufacturer of high-efficiency, multi-junction solar cells for space power applications.

"The EMCORE team continually demonstrates their dedication to our business," said Vivian Mackintosh, Vice President of Supply Chain Management at Space Systems/Loral. "EMCORE is more than just a supplier to SS/L. We have developed a close collaborative working relationship that ensures on time delivery and the highest level of quality."

"Delivering 1 million solar cells for more than 50 successful satellite launches by Space Systems/Loral is a tremendous milestone for EMCORE and our space satellite solar business," said Dr. Hong Hou, Chief Executive Officer at EMCORE. "We are especially proud to have achieved this milestone with our solar cells meeting all requirements for performance and reliability. We are delighted and very grateful to continue this relationship, and we look forward to working with Space Systems/Loral to power their satellite missions for many years to come."

EMCORE's industry-leading multi-junction solar cells have a Beginning-Of-Life (BOL) conversion efficiency of almost 30% and the option for a patented, onboard monolithic bypass diode to provide the highest available power to interplanetary spacecraft and earth orbiting satellites. EMCORE's proven manufacturing capability, technology leadership, and high-reliability solar cells and panels make it the supplier of choice for demanding spacecraft power systems.

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