EMCORE Corporation to Deploy Concentrator Solar Photovoltaic Systems with XinAo Group...

EMCORE Corporation to Deploy Concentrator Solar Photovoltaic Systems with
XinAo Group in China

ALBUQUERQUE, N.M., April 10 /PRNewswire-FirstCall/ -- EMCORE Corporation
(Nasdaq: EMKR) a leading provider of semiconductor-based components and
subsystems for the broadband, fiber-optic, satellite and terrestrial solar
power markets, announced today that it has agreed to supply CPV systems to
XinAo Group in China. XinAo Group is one of China's largest energy companies
and is well known for its clean-energy technologies. The program will start
with the delivery of a 50 kilowatt (kW) concentrator photovoltaic (CPV) system
to be installed in Langfang, China. This system will be used for test and
evaluation purposes. Once the expected reliability and performance metrics
have been demonstrated, XinAo plans to install CPV systems to provide electric
power for its innovative coal gasification project, which is estimated to have
a requirement of 60 megawatts (MW) of power. XinAo believes that EMCORE's CPV
technology will provide a cost-effective solution for its energy needs.
In addition, XinAo intends to build a manufacturing plant in China,
jointly owned by EMCORE, to manufacture CPV systems designed and certified by
EMCORE for the Chinese market.
Earl Fuller, Vice President and General Manager of EMCORE's Solar Power
Division stated, "We are pleased to be recognized as a leading supplier of CPV
systems for cost-effective electric power generation for XinAo's innovative
energy synthesis applications for zero carbon emission. This kind of
distributed energy application is a strategic focus for EMCORE. Through our
wholly-owned subsidiary, EMCORE China, located in the same city as XinAo, we
will be able to form an efficient and cost-effective manufacturing capability
to serve XinAo and other demands in the Chinese market."
EMCORE's CPV systems are powered by our industry leading high-efficiency
compound semiconductor-based multi-junction solar cells that operate with 500x
concentration to provide a lower cost-per-watt than competing technologies.
CPV improves the performance of compound semiconductor-based solar cells,
avoids the supply constraint that currently exists with silicon-based solar
modules, and provides a lower cost-per-watt. EMCORE's continued investment in
high-efficiency CPV systems for utility-scale photovoltaic power systems will
enable the development of a new alternative energy resource worldwide.
About EMCORE:
EMCORE Corporation is a leading provider of compound semiconductor-based
components and subsystems for the broadband, fiber optic, satellite and
terrestrial solar power markets. EMCORE's Fiber Optics unit offers optical
components, subsystems and systems that enable the transmission of video,
voice and data over high-capacity fiber optic cables for high-speed data and
telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP)
networks. EMCORE's Solar Power unit provides solar products for satellite and
terrestrial applications. For satellite applications, EMCORE offers
high-efficiency compound semiconductor-based gallium arsenide (GaAs) solar
cells, covered interconnect cells and fully integrated solar panels. For
terrestrial applications, EMCORE offers concentrating photovoltaic (CPV)
systems for utility scale solar applications as well as offering its
high-efficiency GaAs solar cells and CPV components for use in solar power
concentrator systems. For specific information about our company, our
products or the markets we serve, please visit our website at
http://www.emcore.com.
Safe Harbor:
Statements in this press release that are not historical facts, and the
assumptions underlying such statements, constitute "forward-looking
statements" and assumptions underlying "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934 and involve a number of risks and
uncertainties, including (a) the failure of the products mentioned (i) to
perform as expected without material defects, (ii) to be manufactured at
acceptable volumes, yields, and cost, and (iii) to be successful under field
conditions, and (b) the ability by the Company's customers to achieve their
own business goals and objectives. Readers should also review the risk factors
set forth in EMCORE's Annual Report on Form 10-K for the fiscal year ended
September 30, 2007. These forward-looking statements are made as of the date
hereof, and EMCORE does not assume any obligation to update these statements.
Contact:
EMCORE Corporation
Adam Gushard - Interim Chief Financial Officer
(505) 332-5000
info@EMCORE.com

TTC Group
Victor Allgeier
(646) 290-6400
info@ttcominc.com

SOURCE EMCORE Corporation

Adam Gushard, Interim Chief Financial Officer of EMCORE Corporation,
+1-505-332-5000, info@EMCORE.com; or Victor Allgeier of TTC Group for EMCORE
Corporation, +1-646-290-6400, info@ttcominc.com