North Coast Solar Stocks

September 17, 2009

EMCORE Enters Into a Long Term Supply Agreement for Space Solar Cells With Northrop Grumman Corporation

Filed under: EMKR — Tags: , , — Jason @ 2:43 pm

EMCORE to Supply High-Efficiency Multi-Junction Solar Cells for Use in NGAS’s Satellite Programs Through 2012

Thursday September 17, 2009, 2:43 pm EDT

ALBUQUERQUE, NM–(Marketwire – 09/17/09) – EMCORE Corporation (EMKR), a leading provider of compound semiconductor-based components, subsystems and systems for the fiber optic and solar power markets, announced today that Northrop Grumman Aerospace Systems Sector has entered into a long term supply agreement with EMCORE’s Solar Photovoltaics Division to manufacture and deliver high-efficiency, multi-junction solar cells for Northrop Grumman’s satellite programs. EMCORE solar cells will help provide power for Northrop Grumman’s space-based global climate monitoring capabilities and other satellite missions. The period of performance for the supply agreement is 2009 through 2012, with a potential value of more than $17 million.

The production of the solar cells will take place at EMCORE’s state-of-art manufacturing facilities located in Albuquerque, New Mexico, USA.

Christopher Larocca, EMCORE’s Chief Operating Officer, stated, “We are very pleased to receive this award from Northrop-Grumman and appreciate their confidence in our technology leadership to provide solar cells for their space missions.” Mr. Larocca continued, “Our proven manufacturing capabilities and unsurpassed reliability heritage make EMCORE the supplier of choice for demanding spacecraft power systems. We look forward to working with Northrop Grumman Aerospace Systems to power their satellite missions for many years to come.”

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 provide the highest power to interplanetary spacecrafts and earth orbiting satellites.

About Northrop Grumman:

Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.

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