Emcore Corporation to Deploy Concentrator Solar Photovoltaic Systems with XinAo Group in China
Source/Type: Company News Releases

April 10, 2008... Albuquerque, New Mexico USA--Emcore Corporation (NASDAQ: EMKR) 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 agreed to supply CPV systems to XinAo Group in China. XinAo Group is one of China's largest energy companies and is well known for its clean-energy technologies. The program will start with the delivery of a 50 kilowatt (kW) concentrator photovoltaic (CPV) system to be installed in Langfang, China. This system will be used for test and evaluation purposes. Once the expected reliability and performance metrics have been demonstrated, XinAo plans to install CPV systems to provide electric power for its innovative coal gasification project, which is estimated to have a requirement of 60 megawatts (MW) of power. XinAo believes that Emcore's CPV technology will provide a cost-effective solution for its energy needs.

In addition, XinAo intends to build a manufacturing plant in China, jointly owned by Emcore, to manufacture CPV systems designed and certified by Emcore for the Chinese market.

Earl Fuller, Vice President and General Manager of Emcore's Solar Power Division stated, "We are pleased to be recognized as a leading supplier of CPV systems for cost-effective electric power generation for XinAo's innovative energy synthesis applications for zero carbon emission. This kind of distributed energy application is a strategic focus for Emcore. Through our wholly-owned subsidiary, Emcore China, located in the same city as XinAo, we will be able to form an efficient and cost-effective manufacturing capability to serve XinAo and other demands in the Chinese market."�

Emcore's CPV systems are powered by our industry leading high-efficiency compound semiconductor-based multi-junction solar cells that operate with 500x concentration to provide a lower cost-per-watt than competing technologies. CPV improves the performance of compound semiconductor-based solar cells, avoids the supply constraint that currently exists with silicon-based solar modules, and provides a lower cost-per-watt. Emcore's continued investment in high-efficiency CPV systems for utility-scale photovoltaic power systems will enable the development of a new alternative energy resource worldwide.

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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