Emcore Corporation Receives $4.6 Million Follow-on Order for Concentrator Solar Cell Receiver Assemblies from Concentration Solar la Mancha
Source/Type: Company News Releases

April 2, 2008... Albuquerque, New Mexico USA -- Emcore Corporation a leading provider of semiconductor-based components and subsystems for the broadband, fiber-optic, satellite and terrestrial solar power markets, announced today that it has been awarded a $4.6 million follow-on production order for solar cell receiver assemblies from Concentration Solar la Mancha of Manzanares (Ciudad Real), Spain. The receivers will be incorporated into CS la Mancha's 500X concentrator photovoltaic (CPV) system and will be deployed throughout Spain and other locations in fully licensed and funded projects. Shipments are scheduled to commence in the September quarter and complete in early 2009. CS la Mancha, part of Renovalia Energy, a renewable energy company in Spain, has been developing the CPV system for nearly two years, and has recently started production and volume deployment.

David Danzilio, Vice President and General Manager of Emcore's Photovoltaics Division stated, "We are pleased to be awarded this follow-on production order from CS la Mancha. This order affirms Emcore's position as the supplier of choice for high performance CPV components that enable our customers' systems to generate renewable energy at the lowest cost per kw-hr." David Danzilio added, "Our CPV receiver assembly continues to penetrate the market and we see increasing global demand for this product line. This order diversifies our customer base, a trend we expect will continue, as they transition their CPV systems from development to full-scale production. We are currently expanding our production capacity for both solar cells and receiver assemblies at our Albuquerque facility and expect our second receiver production line to be operational in the June quarter. Emcore's continued technology and capacity investments will provide customers with an assured supply of this critical PV engine."

Dr. Jeffrey Nelson, Manager of Concentrated Solar Power Group of Sandia National Laboratories commented, "This demonstrates once again that CPV is being established as a cost-competitive and commercially-viable technology for solar power applications. Emcore is a world leader of CPV technology and products. They are well positioned to capture the rapid growth of the CPV market as a viable alternative for grid-tied solar power utility applications."


Emcore has introduced a line of integrated solar cell receiver assemblies optimized for operation from 500X to 1000X concentration that provide terrestrial systems integrators with a complete solution for the PV section of their system. Emcore's unique CPV receiver assembly is easily integrated into existing concentrating PV systems and has emerged as an industry standard. By choosing Emcore's complete, high reliability receiver solution, CPV system developers are able to focus their full efforts on advancing their optical design and optimizing the balance of the system, significantly reducing their time to market



About Emcore:

Emcore Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. Emcore's Fiber Optics unit offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. Emcore's Solar Power unit provides solar products for satellite and terrestrial applications. For satellite applications, Emcore offers high-efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, Emcore offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at http://www.Emcore.com.



Safe Harbor

Statements in this press release that are not historical facts, and the assumptions underlying such statements, constitute "forward- looking statements" and assumptions underlying "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 and involve a number of risks and uncertainties, including (a) the failure of the products mentioned (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, and (iii) to be successful under field conditions, and (b) the ability by the Company's customers to achieve their own business goals and objectives. Readers should also review the risk factors set forth in Emcore's Annual Report on Form 10-K for the fiscal year ended September 30, 2007. These forward-looking statements are made as of the date hereof, and Emcore does not assume any obligation to update these statements.



Contact:

Emcore Corporation

Adam Gushard - Interim Chief Financial Officer

(505) 332-5000



TTC Group

Victor Allgeier

(646) 290-6400

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