EMCORE strengthens its main position with $29 mln new purchase orders

Tag : CATV Receiver

ALBUQUERQUE, N.M., July 9 /PRNewswire-FirstCall/ -- EMCORECorporation (Nasdaq: EMKR) a leading provider ofsemiconductor-based components and subsystems for the broadband,fiber-optic, satellite and terrestrial solar power markets,announced today that it entered into two definitive supplyagreements for solar cell receivers in June 2008 with a total valueof approximately $29 million . These supply agreements incorporate advance deposits to ensureproduction priority for these customers. The end applications forthe product to be delivered range from solar farm to commercialrooftop installations employing Concentrating Photovoltaic (CPV)technology. Production for these orders has commenced and shipmentsare scheduled to occur over the next 24 months.
The awards of these purchase orders further strengthen EMCORE'sposition as the leading supplier in CPV technologies and products,and diversify our growing terrestrial component backlog.
EMCORE has introduced a line of integrated CPV solar cell productsoptimized for operation from 500X to 1000X concentration with aminimum average efficiency of 37%, which provide terrestrialsystems integrators with a complete photovoltaic solution for theirCPV systems. EMCORE's CPV receiver is easily integrated intoexisting CPV systems and has emerged as the most desirable form inthe industry. EMCORE is the first company to provide its customerswith 20 years of performance warranty. By choosing EMCORE'scomplete and highly reliable receiver solution, CPV systemdevelopers are able to focus their efforts on advancing theiroptical design and optimizing the balance of the system,significantly reducing their time to market.
About EMCORE:
EMCORE Corporation is a leading provider of compoundsemiconductor-based components and subsystems for the broadband,fiber optic, satellite and terrestrial solar power markets.EMCORE's Fiber Optics unit offers optical components, subsystemsand systems that enable the transmission of video, voice and dataover high-capacity fiber optic cables for high-speed data andtelecommunications, cable television (CATV) andfiber-to-the-premises (FTTP) networks. EMCORE's Solar Power unitprovides solar products for satellite and terrestrial applications.For satellite applications, EMCORE offers high-efficiency compoundsemiconductor-based gallium arsenide (GaAs) solar cells, coveredinterconnect cells and fully integrated solar panels. Forterrestrial applications, EMCORE offers concentrating photovoltaic(CPV) systems for utility scale solar applications as well asoffering its high-efficiency GaAs solar cells and CPV componentsfor use in solar power concentrator systems. For specificinformation about our company, our products or the markets weserve, please visit our website at http://www.emcore.com .
Safe Harbor
Statements in this press release that are not historical facts, andthe assumptions underlying such statements, constitute"forward-looking statements" and assumptions underlying"forward-looking statements" within the meaning of Section 27A ofthe Securities Act of 1933 and Section 21E of the SecuritiesExchange Act of 1934 and involve a number of risks anduncertainties, including (a) the failure of the products mentioned(i) to perform as expected without material defects, (ii) to bemanufactured at acceptable volumes, yields, and cost, and (iii) tobe successful under field conditions, and (b) the ability by theCompany's customers to achieve their own business goals andobjectives, and to complete the purchases contemplated by theagreements. Readers should also review the risk factors set forthin EMCORE's Annual Report on Form 10-K for the fiscal year endedSeptember 30, 2007. These forward-looking statements are made as ofthe date hereof, and EMCORE does not assume any obligation toupdate these statements.
SOURCE EMCORE Corporation