North Coast Solar Stocks

June 16, 2009

EMCORE Awarded Solar Panel Manufacturing Contract for NASA’s Global Precipitation Measurement Mission

Filed under: EMKR — Tags: , , — Jason @ 8:00 am

Award Reaffirms EMCORE’s Position as the Leading Supplier of High-Reliability High-Efficiency Solar Panels for Space Missions

Tuesday June 16, 2009, 8:00 am EDT

ALBUQUERQUE, NM–(MARKET WIRE)–Jun 16, 2009 — EMCORE Corporation (EMKR), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets announced today that the Company has been awarded a contract to manufacture, test, and deliver solar panels for NASA’s Global Precipitation Measurement spacecraft. The contract, valued at approximately $5 million, will be managed by MEI Technologies, Inc. for the NASA Goddard Space Flight Center (GSFC).

The Global Precipitation Measurement (GPM) mission is one of the satellite-based science missions studying global precipitation, including rain, snow, and ice. The launch of the spacecraft is presently scheduled for summer of 2013. The GPM spacecraft solar arrays will be powered by EMCORE’s latest generation, 30% efficiency class ZTJ multi-junction solar cells. Production of the solar cells and panels will take place at EMCORE’s state-of-the-art manufacturing facilities located in Albuquerque, New Mexico.

MEI Technologies is a prime contractor at GSFC for the Electrical Systems Engineering Services and operates in six different states. Sam Boyd, MEI Technologies’ Chief Operating Officer, emphasized, “We are very proud to support GSFC and its earth science mission, and our entire team, including top quality suppliers like EMCORE, is committed to the success of GPM.”

Christopher Larocca, Chief Operating Officer of EMCORE, stated, “We are very excited to earn this contract award from MEI Technologies and NASA Goddard Space Flight Center. This award reaffirms EMCORE’s position as the leading solar panel supplier for space missions. Our proven manufacturing capability, technology leadership, and reliability heritage make EMCORE the supplier of choice for demanding spacecraft power systems.”

EMCORE is the world’s largest manufacturer of highly efficient radiation hard solar cells for space power applications. With a beginning-of-life (BOL) conversion efficiency of 30% and the option for a patented, onboard monolithic bypass diode, EMCORE’s industry leading multi-junction solar cells can provide the highest power to interplanetary spacecrafts and earth orbiting satellites.

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