EMCORE Corporation and Sandia National Laboratories Sign Agreement for the Development of Concentrator Photovoltaic Power Systems
SOMERSET, N.J., July 28 // -- EMCORE Corporation (NASDAQ:EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, solar power and wireless communications markets, today announced that it has signed a contract with Sandia National Laboratories. Sandia will provide technical support for EMCORE's terrestrial solar systems products. Sandia has worked for over 25 years in the development of photovoltaics for grid-tied, utility scale power generation.
EMCORE's CEO, Reuben Richards, said, "EMCORE is the leading supplier of GaAs, multi-junction solar cell technology for power generation on satellites. EMCORE is adapting its state-of-the-art solar cell technology as a base for the development of large scale, concentrator photovoltaic power systems. Our goal is to become the leader in solar energy power systems. We have a very successful track record in commercializing next generation technologies, as we have done in the satellite market. Sandia has long been a valuable partner in technology development for EMCORE. We look forward to their contributions to our program in terrestrial power systems."
Dr Jeff Nelson. Manager of the Sandia Solar Technologies Group, stated, "We are happy to work with EMCORE on these programs. Sandia has worked for many years on the development of solar power. EMCORE, with its advanced solar cell technology, provides an excellent path for the commercialization of this technology."
About EMCORE
EMCORE Corporation offers a broad portfolio of compound semiconductor-based products for the broadband, fiber optic, satellite, solar power and wireless communications markets. EMCORE's Fiber Optic segment offers optical components, subsystems and systems for high speed data and telecommunications networks, cable television (CATV) and fiber-to-the-premises (FTTP). EMCORE's Photovoltaic segment provides products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high efficiency Gallium Arsenide (GaAs) solar cells, Covered Interconnect Cells (CICs) and panels. For terrestrial applications, EMCORE is adapting its high-efficiency GaAs solar cells for use in solar concentrator systems. Our Electronic Materials and Devices segment provides radio frequency (RF) transistor materials for high bandwidth wireless communications systems. Through its joint venture participation in GELcore, LLC, EMCORE plays a significant role in developing and commercializing next-generation High-Brightness LED technology for use in the general and specialty illumination markets. For further information about EMCORE, visit www.emcore.com/ .
Source: EMCORE Corporation
CONTACT:
Tom Werthan,
Chief Financial Officer,
EMCORE Corporation,
+1-732-271-9090,
info@emcore.com;
or Vic Allgeier of TTC Group for
EMCORECorporation,
+1-646-290-6400,
vic@ttcominc.com
Web site: www.emcore.com/
