EMCORE Enters Into Solar Cell Assembly Supply Contract With the Indian Space Research Organisation

EMCORE Enters Into Solar Cell Assembly Supply Contract With the Indian Space
Research Organisation

The Contract Award is Valued at $22 Million

ALBUQUERQUE, N.M., June 20, 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 has entered into a supply contract with the Indian Space Research
Organisation (ISRO) to manufacture, test, and deliver high-efficiency
multi-junction solar cell assemblies for ISRO's commercial geostationary
telecommunications and scientific earth observation satellite missions.

Over the past four decades ISRO has launched more than 65 satellites for
various commercial and scientific applications. EMCORE has been a key supplier
of solar cell products to ISRO for the past 15 years, including supplying
solar equipment to power several INSAT telecommunications missions.

Over the term of this new multi-year contract, EMCORE expects to deliver
Coverglass Interconnected Cells (CICs) incorporating its highest-efficiency
ZTJ and ATJ solar cells for multiple satellite missions. With a conversion
efficiency nearing 30%, the ZTJ solar cell is one of the highest performance
multi-junction solar cells available on the market today. EMCORE's CICs employ
the most advanced interconnect welding techniques in the industry and offer
the highest reliability under severe space radiation environments and thermal
stress conditions.

"This contract is a very significant award for EMCORE. It further reinforces
our successful heritage in the Asia-Pacific satellite market, and expands our
market share for both commercial and scientific missions," said Dr. Brad
Clevenger, General Manager of EMCORE's Photovoltaics Division. "EMCORE has
partnered with ISRO on many successful satellite missions, and we greatly
value our long-standing business relationship. We look forward to supporting
ISRO on its next phase of telecommunications and earth observation
satellites."

EMCORE is one of the world's leading manufacturers of highly-efficient
radiation-hard solar cells for space power applications. With a
Beginning-Of-Life (BOL) conversion efficiency nearing 30% and the option for a
patented, onboard monolithic bypass diode, EMCORE's industry-leading
multi-junction solar cells provide amongst 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, Coverglass Interconnected Cells
(CICs) and complete satellite solar panels. For further information about
EMCORE, visit http://www.emcore.com.

About the Indian Space Research Organisation

The Indian Space Research Organisation was established to develop space
technology and its applications to various national initiatives in India. ISRO
has established two major space systems, the Indian National Satellite System
(INSAT) series Geo-Stationary Satellites for communication, television
broadcasting and meteorological services, and the Indian Remote Sensing (IRS)
Earth Observation Satellite system for resources monitoring and management.
For more information on ISRO, please visit http://isro.org/index.aspx.

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) 332-5000
         navid_fatemi@emcore.com
        
         Investor
         TTC Group
         Victor Allgeier
         (646) 290-6400
         vic@ttcominc.com

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