EMCORE (EMKR) In Supply Agreement With Space Systems Loral

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08:53:52 am on May 21, 2009

EMCORE just announced that it has entered into a supply agreement with Space Systems Loral. Under the agreement, EMCORE will produce high-efficiency, multi-junction PV cells and provide them to Space Systems Loral for use in their spacecraft program. The contract runs from this year until 2014.

In a press release, executives from EMCORE commented on the deal:

Christopher Larocca, Executive Vice President and General Manager of EMCORE’s Solar Photovoltaics Division, stated, "We have been supplying Space systems/Loral with solar cells for more than 10 years, and we are delighted and grateful to continue this relationship for the foreseeable future." Mr. Larocca continued, "Our proven manufacturing capability, technology leadership and unsurpassed reliability providing solar cells and panels to the space industry make EMCORE the supplier of choice for demanding spacecraft power systems. We look forward to working with Space Systems/Loral to power their satellite missions for many years to come."

"EMCORE’s Photovoltaics Division continues to grow at a rapid pace, and has recently secured more than a dozen new production programs for fully integrated space solar panels as well as solar cells. EMCORE remains committed to manufacturing the highest quality, best performing solar cells and panels in the industry. Satellite manufacturers and solar array integrators continue to rely on EMCORE as an independent supply source that meets all of their satellite power needs," added Dr. Hong Hou, President and CEO of EMCORE.

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