EMCORE Corporation (EMKR) Lands Over $40 Million In Contracts

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09:12:08 am on August 6, 2008

A press release from EMCORE Corporation, announces that the company has entered into two new agreements to deliver solar cells and receivers with a total value of over $40 million. The larger of the two purchase contracts is a multi-year supply agreement for solar cells. The customers placing these orders are targeting CPV (concentrating photovoltaics) use in the United States with a particular focus on the California market. The EMCORE products will be used in systems developed for commercial rooftop installations as well as utility-size solar farms. The award of these contracts affirms EMCORE’s position as the leading supplier of CPV products, and other semiconductor-based components and subsystems for the broadband, fiber-optic, satellite and terrestrial solar power markets.

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