EMCORE Continues to Diversify Its Terrestrial Backlog with Signing of Two Purchase...

EMCORE Continues to Diversify Its Terrestrial Backlog with Signing of Two
Purchase Agreements for Concentrator Solar Cells and Receivers
Product Delivered Will Be Deployed in Commercial Rooftop and Utility Scale
Installations in the United States

ALBUQUERQUE, N.M., Aug. 5 /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 entered into two new supply agreements
for solar cells and receivers with a total value of over $40 million. The
larger of the two purchase contracts is a multi-year supply agreement for
solar cells, to be delivered over four years. The product to be delivered
will be incorporated into concentrating photovoltaics (CPV) systems developed
for commercial rooftop installations as well as utility-scale solar farms.
The customers placing these orders are targeting CPV deployments in the United
States with a particular focus on the California market. Production for these
orders has commenced and approximately $1 million of product is expected to be
shipped in the present quarter.
The award of these purchase agreements affirms EMCORE's position as the
leading supplier of the enabling CPV engine, and further diversifies our
terrestrial CPV component backlog.
EMCORE has introduced a line of integrated CPV solar cell products
optimized for operation from 500X to 1000X concentration with a minimum
average efficiency of 37%, which provide terrestrial systems integrators with
a complete photovoltaic solution for their CPV systems. EMCORE's CPV receiver
is easily integrated into existing CPV systems and has emerged as the most
desirable form in the industry. EMCORE is the first company to provide its
customers with a 20-year performance warranty. By choosing EMCORE's complete
and highly reliable receiver solution, CPV system developers are able to focus
their efforts on advancing their optical design and optimizing the balance of
their system, significantly reducing their time to market.
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, and to complete the purchases contemplated
by the agreements. 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
Vic Allgeier
(646) 290-6400
vic@ttcominc.com

SOURCE EMCORE Corporation

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