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EMCORE Corporation Delivers 1 Millionth Solar Cell to Space Systems/Loral



EMCORE Corporation Delivers 1 Millionth Solar Cell to Space Systems/Loral

ALBUQUERQUE, N.M., Jan. 29, 2013 (GLOBE NEWSWIRE) -- EMCORE Corporation
(Nasdaq:EMKR), a leading provider of compound semiconductor-based components
and subsystems for the fiber optic and solar power markets, announced today
that it recently delivered its 1 millionth high-efficiency, multi-junction
solar cell to Space Systems/Loral (SS/L), which will ultimately represent more
than a megawatt of power delivered into space. EMCORE and Space Systems/Loral
will mark the occasion with a special event at EMCORE's Albuquerque facilities
during the week of February 25, and with a commemorative award symbolizing the
1 millionth solar cell.

EMCORE has been supplying Space Systems/Loral with high-efficiency,
multi-junction solar cells for more than 10 years and in May 2009 announced a
long term supply agreement with Space Systems/Loral to continue manufacturing
and delivering solar cells for their spacecraft programs through 2014.
EMCORE's business relationship with Space Systems/Loral has been integral to
the development of the Company's photovoltaics division and the growth of its
space satellite solar power business. Since its formation in 1998, EMCORE
Photovoltaics has grown to be the world's leading 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 nearing 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 us the supplier of choice for demanding spacecraft power
systems.                                                  

About EMCORE

EMCORE Corporation offers a broad portfolio of compound semiconductor-based
products for the fiber optics and solar power markets. EMCORE's Fiber Optics
business segment provides optical components, subsystems and systems for
high-speed telecommunications, Cable Television (CATV) and
Fiber-To-The-Premise (FTTP) networks, as well as products for satellite
communications, video transport and specialty photonics technologies for
defense and homeland security applications. EMCORE's Solar Photovoltaics
business segment provides products for space power applications including
high-efficiency multi-junction solar cells, Covered Interconnect Cells (CICs)
and complete satellite solar panels. For further information about EMCORE,
visit http://www.emcore.com.

About Space Systems/Loral

SS/L has a long history of delivering reliable satellites and spacecraft
systems for commercial and government customers around the world. As the
world's leading provider of commercial satellites, the company works closely
with satellite operators to provide spacecraft for a broad range of services
including television and radio distribution, digital audio radio, broadband
Internet, and mobile communications. Billions of people around the world
depend on SS/L satellites every day. For more information, visit
www.ssloral.com.

Forward-looking statements:

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, as amended. Such statements include
statements regarding EMCORE's expectations, goals or intentions, including,
but not limited to, financial performance, production schedules, expected
customer sales, product features and their benefits, product quality and
product performance. These forward-looking statements are based on
management's current expectations, estimates, forecasts and projections about
EMCORE and are subject to risks and uncertainties that could cause actual
results and events to differ materially from those stated in the
forward-looking statements. Risks and uncertainties that could cause EMCORE's
actual results to differ from those set forth in any forward-looking statement
are discussed in more detail in EMCORE's SEC filings available at www.sec.gov,
including under the headings "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations." Forward-looking
statements contained in this press release are made only as of the date
hereof, and EMCORE undertakes no obligation to update or revise the
forward-looking statements, whether as a result of new information, future
events or otherwise.

CONTACT: EMCORE Corporation
         Navid Fatemi
         Vice President Business Development
         (505) 332-5019
         navid_fatemi@emcore.com
        
         Investor
         TTC Group
         Victor Allgeier
         (646) 290-6400
         vic@ttcominc.com
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