EMCORE Corporation Awarded Long-Term Supply Contract by Lockheed Martin

EMCORE Corporation Awarded Long-Term Supply Contract by Lockheed Martin

EMCORE Will Supply Solar Cell Assemblies for Lockheed Martin's Satellite
Programs

ALBUQUERQUE, N.M., July 30, 2014 (GLOBE NEWSWIRE) -- EMCORE Corporation
(Nasdaq:EMKR), a leading provider of compound semiconductor-based components
and subsystems for the fiber optics and space solar power markets, announced
today that it has entered into a new, long-term supply agreement with Lockheed
Martin Space Systems to design and manufacture high-efficiency, multi-junction
Coverglass Interconnected Cells (CICs) for Lockheed Martin's satellite program
requirements. The CICs will be produced at EMCORE's state-of-the-art
manufacturing facility located in Albuquerque, New Mexico, USA.

EMCORE has been a supplier of CICs for many previous space missions featuring
satellites and spacecraft developed by Lockheed Martin. The CICs to be
delivered under this new long-term supply agreement are based on EMCORE's
latest generation ZTJ triple-junction solar cells. These advanced
triple-junction solar cells are the result of years of research and
development in high-efficiency, multi-junction solar cell technology for
Lockheed Martin and several other major aerospace companies.

"This agreement with Lockheed Martin is one of the most significant contract
awards in EMCORE's recent history and results from many years of productive
collaboration between our two companies," commented Dr. Brad Clevenger,
Executive Vice President and General Manager of EMCORE's Photovoltaics
Division. "We are very pleased to enter into this next phase of our
relationship and look forward to powering Lockheed Martin's next generation of
programs for many years to come."

EMCORE is one of the world's leading manufacturers of highly-efficient
radiation-hard solar cells, Coverglass Interconnected Cells, and solar panels
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 the
highest levels of performance to interplanetary spacecraft and earth orbiting
satellites.

Since 2001 EMCORE solar cells or panels have supplied primary power to over
130 successful space missions with zero on-orbit failures. The Company's
proven manufacturing capability, technology leadership and unsurpassed
reliability make EMCORE the supplier of choice for demanding space programs.

About EMCORE

EMCORE Corporation offers a broad portfolio of compound semiconductor-based
products for the fiber optics and space 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.

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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