EMCORE Receives AURP's Innovation Award for High-Efficiency Multi-Junction Solar Cells

EMCORE Receives AURP's Innovation Award for High-Efficiency Multi-Junction
Solar Cells

ALBUQUERQUE, N.M., Sept. 27, 2013 (GLOBE NEWSWIRE) -- EMCORE Corporation
(Nasdaq:EMKR), a leading provider of compound semiconductor-based components
and subsystems for the fiber optics and solar power markets, announced today
that it has received the Association of University Research Parks' (AURP)
Innovation Award for its pioneering work in the development and
commercialization of high-efficiency multi-junction solar cells for space and
terrestrial solar power applications. The award was presented to EMCORE's
President and Chief Executive Officer, Dr. Hong Q. Hou on September 26, 2013
at the AURP's International Conference Awards Luncheon.

Annually, the AURP presents Awards of Excellence in several categories
including the Innovation Award presented to EMCORE and the Outstanding
Research/Science Park Award presented to Sandia Science & Technology Park in
2008.

EMCORE started its efforts to design and manufacture radiation-hardened,
high-efficiency multi-junction solar cells for satellite and space power
applications at the Sandia Science & Technology Park (SS&TP) in early 1998.
The research and development team led by Dr. Hong Hou, who had come to EMCORE
from Sandia National Laboratories, licensed background intellectual properties
related to multi-junction solar cells from Sandia, the Air Force Research
Laboratory, and the National Renewable Energy Laboratory. From there EMCORE
formed its Photovoltaics division in Albuquerque, New Mexico and built its
160,000 square foot state-of-the-art semiconductor wafer fabrication facility.
Today that facility is one of the largest multi-junction solar cell
manufacturing plants in the world.

EMCORE's high-efficiency multi-junction solar cells have led the way in the
transformation of the space solar power industry over the past 15 years.
EMCORE's entry into the industry has advanced solar cell efficiency from 17%,
the standard for silicon-based technology prior to 1998, to a 37% conversion
efficiency for its latest generation Inverted Metamorphic Multi-Junction (IMM)
solar cells that are currently being introduced to volume production. With the
success of the commercialization of high-efficiency multi-junction solar cells
for space power applications, EMCORE relocated its corporate headquarters from
New Jersey to the SS&TP in Albuquerque in 2006.

"We are very pleased and honored to receive the AURP's Innovation Award for
our work in multi-junction solar cell technology development and
commercialization," said Dr. Hong Hou, President and Chief Executive Officer
for EMCORE. "I would also like to thank the Sandia National Laboratories and
the SS&TP for their superb resources and support of our efforts from the very
beginning. And, I would especially like to thank our employees in the
photovoltaics division for their dedication and innovative work all these
years, paving the way for EMCORE's success in the industry."

"EMCORE is more than deserving of the AURP's Innovation Award," said Jackie
Kerby Moore, Executive Director of the SS&TP."They are creating products used
in the global marketplace, and they are doing most of that right here in the
Sandia Science &Technology Park."

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 the Sandia Science & Technology Park

Internationally recognized, master-planned, and strategically located,
Albuquerque's Sandia Science & Technology Park (SS&TP) is home to companies,
engineers, and researchers involved in advancing new technologies. Currently
33 companies and organizations and more than 2,000 employees reside in the
SS&TP's 340-acre high-tech campus.For more information on the SS&TP, visit
http://www.sstp.org/.

About the Association of University Research Parks

The Association of University Research Parks (AURP) was formed in 1986 when a
handful of farsighted research, technology and science park directors,
recognizing that the concept of research-institute related parks was taking
hold in boardrooms around the world, organized the first international
conference in the United States to discuss the future of research, science and
tech parks.It is a non-profit international organization that represents the
leadership of technology developments, which are designed to promote research
institute industry relations that foster innovation and facilitate the
transfer of technology from such institutions to the private sector. For more
information on the AURP, visit http://www.aurp.net/.

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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