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Date Announced: 08 Sep 2010
Award Granted for EMCORE's Performance in Supplying High-Efficiency Multi-Junction Solar Cells for Use in Northrop Grumman Aerospace Systems' Satellite Programs.
ALBUQUERQUE, NM--(Marketwire - 09/08/10) - EMCORE Corporation (NASDAQ:EMKR - News), a leading provider of compound semiconductor-based components and subsystems for the fiber optic and solar power markets, announced today that the Company has received a Platinum Supplier Award from Northrop Grumman Corporation (NYSE:NOC - News).
EMCORE is currently under a long-term supply agreement (LTSA) with Northrop Grumman's Aerospace Systems sector to manufacture and deliver high-efficiency, multi-junction solar cells for Northrop Grumman 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.
Northrop Grumman Subcontract Administrator David Umanoff commented, "Platinum Supplier Awards are presented to exceptional companies that provide excellent product quality, are extremely reliable, and have a solid record of on-time deliveries. Their professionalism and expertise make these suppliers stand out in the industry."
This collaborative working relationship has also enabled Northrop Grumman to help EMCORE maintain and grow its business base in the space photovoltaics market. Northrop Grumman has been using the LTSA to look across programs and accelerate orders to improve production efficiency in EMCORE's production line. Christopher Larocca, EMCORE's Chief Operating Officer, stated, "We are grateful for Northrop Grumman's proactive support of EMCORE. We are delighted with Northrop Grumman's confidence in EMCORE and value the long-standing relationship we have enjoyed with them for the past 10 years."
Source: Emcore
E-mail: info@emcore.com
Web Site: www.emcore.com
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