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EMCORE Corporation Delivers 1 Millionth Solar Cell To Space Systems/Loral

ALBUQUERQUE, N.M., Jan. 29, 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 recently delivered its 1 millionth high-efficiency, multi-junction solar cell to Space Systems/Loral (SS/L), which will ultimately represent more than a megawatt of power delivered into space. EMCORE and Space Systems/Loral will mark the occasion with a special event at EMCORE's Albuquerque facilities during the week of February 25, and with a commemorative award symbolizing the 1 millionth solar cell.

EMCORE has been supplying Space Systems/Loral with high-efficiency, multi-junction solar cells for more than 10 years and in May 2009 announced a long term supply agreement with Space Systems/Loral to continue manufacturing and delivering solar cells for their spacecraft programs through 2014. EMCORE's business relationship with Space Systems/Loral has been integral to the development of the Company's photovoltaics division and the growth of its space satellite solar power business. Since its formation in 1998, EMCORE Photovoltaics has grown to be the world's leading manufacturer of high-efficiency, multi-junction solar cells for space power applications.

"The EMCORE team continually demonstrates their dedication to our business," said Vivian Mackintosh, Vice President of Supply Chain Management at Space Systems/Loral. "EMCORE is more than just a supplier to SS/L. We have developed a close collaborative working relationship that ensures on time delivery and the highest level of quality."

"Delivering 1 million solar cells for more than 50 successful satellite launches by Space Systems/Loral is a tremendous milestone for EMCORE and our space satellite solar business," said Dr. Hong Hou, Chief Executive Officer at EMCORE. "We are especially proud to have achieved this milestone with our solar cells meeting all requirements for performance and reliability. We are delighted and very grateful to continue this relationship, and we look forward to working with Space Systems/Loral to power their satellite missions for many years to come."

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