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EMCORE Corp. (EMKR) Announces Delivery of 1 Millionth Solar Cell to Space Systems/Loral

EMCORE, a prominent supplier of compound semiconductor-based components and
subsystems to the fiber optic and solar power markets, today announced that it
has reached an incredible milestone after recently delivering its 1 millionth
high-efficiency, multi-junction solar cell to Space Systems/Loral (SS/L), which
will eventually represent more than a megawatt of power delivered into space.
This occasion will be marked by a joint special event hosted by EMCORE and Space
Systems/Loral at EMOCORE’s Albuquerque facilities during the week of February
25, as well as a commemorative award representing the 1 millionth solar
cell.

Space Systems/Loral has used EMCORE as its primary supplier for
high-efficiency, multi-junction solar cells for over 10 years and in May 2009
the two companies entered into a long term supply agreement for EMCORE to
continue manufacturing and delivering solar cells through 2014. EMCORE’s
business connection with Space Systems/Loral has been a key factor in the
development of the company’s flourishing photovoltaics division and the success
of its space satellite solar power business. Since its inception in 1998, EMCORE
Photovoltaics has experienced incredible growth, even recently becoming the
world’s largest manufacturer of high-efficiency, multi-junction solar cells for
space power applications.

“The EMCORE team continually demonstrates their
dedication to our business,” said Vivian Mackintosh, Vice President of Supply
Chain Management at Space Systems/Loral. “EMCORE is more than just a supplier to
SS/L. We have developed a close collaborative working relationship that ensures
on time delivery and the highest level of quality.”

“Delivering 1
million solar cells for more than 50 successful satellite launches by Space
Systems/Loral is a tremendous milestone for EMCORE and our space satellite solar
business,” said Dr. Hong Hou, Chief Executive Officer at EMCORE. “We are
especially proud to have achieved this milestone with our solar cells meeting
all requirements for performance and reliability. We are delighted and very
grateful to continue this relationship, and we look forward to working with
Space Systems/Loral to power their satellite missions for many years to
come.”

EMCORE’s industry-leading multi-junction solar cells have a
Beginning-Of-Life (BOL) conversion efficiency of almost 30% and the option for a
patented, onboard monolithic bypass diode to provide the highest available power
to interplanetary spacecraft and earth orbiting satellites. EMCORE’s proven
manufacturing capability, technology leadership, and high-reliability solar
cells and panels make it the supplier of choice for demanding spacecraft power
systems.

For further information, please visit www.emcore.com

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