EMCORE Corporation Enters Into a Long-Term Supply Agreement With Space Systems/Loral (EMKR)

EMCORE Corporation EMKR, a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets, announced today that it has entered into a long-term supply agreement with Space Systems/Loral to manufacture and deliver high-efficiency, multi-junction solar cells for Space Systems/Loral's commercial satellite programs. The multi-year contract represents the second largest award in EMCORE's history. The agreement is subject to certain terms and conditions, including a provision allowing SS/L to terminate the agreement for convenience. Production of the solar cells will take place at EMCORE's state-of-art manufacturing facilities located in Albuquerque, New Mexico.