EMCORE Corporation Comments On Recent Trading Activity

ALBUQUERQUE, N.M., March 18 /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, responded today to a report about the Company contained in a
recent blog posting.
"We normally do not directly respond to reports about our Company,
including those from sources a great deal more reputable than a blog," stated
Reuben Richards, EMCORE's Chief Executive Officer. "We feel, however, that
this particular posting required a response because we believe that its
conclusions are materially inaccurate and seriously misleading. EMCORE is
known worldwide as a technology leader and innovator. We are well positioned
in our core markets to continue substantial revenue growth and to improve
profitability, and we stand by our products, our customers and our markets.
Government securities regulators have been asked to investigate whether
improper relationships exist between this blog and recent short selling of our
stock."
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 segment 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 segment 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 whether the securities regulators will respond
affirmatively to the request to investigate this matter. 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, EMCORE Corporation,
+1-505-332-5000, info@emcore.com; or Vic Allgeier, TTC Group, +1-646-290-6400,
vic@ttcominc.com, for EMCORE Corporation