ALBUQUERQUE, N.M., June 20, 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 has entered into a supply contract with the Indian Space Research Organisation (ISRO) to manufacture, test, and deliver high-efficiency multi-junction solar cell assemblies for ISRO's commercial geostationary telecommunications and scientific earth observation satellite missions. Over the past four decades ISRO has launched more than 65 satellites for various commercial and scientific applications. EMCORE has been a key supplier of solar cell products to ISRO for the past 15 years, including supplying solar equipment to power several INSAT telecommunications missions. Over the term of this new multi-year contract, EMCORE expects to deliver Coverglass Interconnected Cells (CICs) incorporating its highest-efficiency ZTJ and ATJ solar cells for multiple satellite missions. With a conversion efficiency nearing 30%, the ZTJ solar cell is one of the highest performance multi-junction solar cells available on the market today. EMCORE's CICs employ the most advanced interconnect welding techniques in the industry and offer the highest reliability under severe space radiation environments and thermal stress conditions. "This contract is a very significant award for EMCORE. It further reinforces our successful heritage in the Asia-Pacific satellite market, and expands our market share for both commercial and scientific missions," said Dr. Brad Clevenger, General Manager of EMCORE's Photovoltaics Division. "EMCORE has partnered with ISRO on many successful satellite missions, and we greatly value our long-standing business relationship. We look forward to supporting ISRO on its next phase of telecommunications and earth observation satellites." EMCORE is one of the world's leading manufacturers of highly-efficient radiation-hard solar cells 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 amongst the highest available power to interplanetary spacecraft and earth orbiting satellites. EMCORE's proven manufacturing capability, technology leadership, and high-reliability solar cells and panels make us the supplier of choice for demanding spacecraft power systems.