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EMCORE Awarded Solar Panel Contract for Satellite Program [City of Industry, CA] source: press release 2003.10.15 EMCORE Corporation (NASDAQ: EMKR), a leading provider of compound semiconductor technologies for global communications, has announced the award of a contract to design and manufacture a set of solar panels to power the STEREO satellite series. STEREO is a project of the Applied Physics Laboratory of the Johns Hopkins University, and will explore the effect of Coronal Mass Ejections (CMEs) on the earth from a unique perspective and provide 3D images of the results. The Photovoltaics Division of EMCORE will perform this contract at its Albuquerque, NM and City of Industry, CA facilities. The two STEREO satellites will be in orbit around the sun, with one spacecraft leading the earth’s orbit and the second spacecraft trailing the earth’s orbit. The satellites will observe the effect of CMEs on the earth. Both STEREO spacecraft will orbit a cluster of advanced telescopes, and when the images from these telescopes are combined with data from other observatories, the trajectory of earth bound CMEs will be tracked in three dimensions. Dr. George Dakermanji, Supervisor of Applied Physics Laboratory’s Space Department Power Systems section commented that “On orbit power and schedule performance combined with a competitive cost and an understanding of the very high quality demands of APL satellite missions are the key evaluation metrics for choosing our spacecraft subsystems partners”. “We are pleased to have EMCORE on the STEREO team”. Earl Fuller, Vice President of EMCORE commented, “STEREO culminates an effort to introduce EMCORE’s very high quality commitment and superior solar panel performance to this key space science customer. We are honored to have been selected to join this prestigious team”. EMCORE’s Photovoltaics Division provides satellite manufacturers with integrated photovoltaic power components that enable greater satellite performance and improve satellite launch economics. By providing satellite manufacturers with the industry’s highest efficiency solar cells (beginning of life efficiency 27.5%) together with CICs and solar panels that have the world’s longest, most successful on-orbit heritage, EMCORE has become a leading supplier of reliable satellite power. About EMCORE EMCORE Corporation offers a versatile portfolio of compound semiconductor products for the rapidly expanding broadband and wireless communications and solid-state lighting markets, as well as for satellite communications. The company's integrated solutions philosophy embodies state-of-the-art technology, material science expertise, and a shared vision of our customer's goals and objectives to be leaders and pioneers in the rapidly growing world of compound semiconductors. EMCORE's solutions include: optical components for high speed data and telecommunications; solar cells and solar panels for global satellite communications; electronic materials for high bandwidth communications systems, such as Internet access and wireless telephones; MOCVD tools for the growth of GaAs, AlGaAs, InP, InGaP, InGaAlP, InGaAsP, GaN, InGaN, AlGaN, and SiC epitaxial materials used in numerous applications, including data and telecommunications modules, cellular telephones, solar cells and high brightness LEDs. For further information about EMCORE, visit http://www.emcore.com. The information provided herein may include 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 relating to future events that involve risks and uncertainties. Words such as ``expects,'' ``anticipates,'' ``intends,'' ``plans,'' believes,`` and ''estimates,`` and variations of these words and similar expressions, identify these forward-looking statements. Actual operating results may differ materially from such forward-looking statements and are subject to certain risks, including risks arising from: cancellations, rescheduling or delays in product shipments; manufacturing capacity constraints; lengthy sales and qualification cycles; difficulties in the production process; changes in semiconductor industry growth, increased competition, delays in developing and commercializing new products, and other factors described in EMCORE's filings with the Securities and Exchange Commission. The forward-looking statements contained in this news release are made as of the date hereof and EMCORE does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements. CONTACT:
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