EMCORE’s SDI500/SDI505 IMUs Receive Determination of Non-ITAR Status from U.S. Department of State
February 23 2021 - 8:30AM
EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced
mixed-signal products that serve the aerospace & defense and
broadband communications markets, announced today that its dual-use
SDI500/SDI505 Revision F Inertial Measurement Units (IMUs) have
received a determination that they are not subject to International
Traffic in Arms Regulations (ITAR) administered by the U.S.
Department of State and that EMCORE has determined that its SDN500
Inertial Navigation System (INS) is likewise not subject to ITAR.
This determination of Non-ITAR status is expected to dramatically
increase the size of the market that EMCORE can address with its
Quartz Micro-Electromechanical Systems (QMEMs) IMU and INS
offerings.
As a result of this Commodity Jurisdiction (CJ) determination
concluded by the U.S. Department of State, EMCORE’s SDI500/SDI505
Revision F Commercial Off-The-Shelf (COTS) offerings were confirmed
to be subject to the Export Administration Regulations (EAR)
administered by the Department of Commerce (DOC). EAR
classification typically results in fewer export-related
restrictions and requirements. For this reason, this CJ
determination for the SDI500/SDI505 will greatly increase the
marketability of these IMUs to international customers.
EMCORE’s SDI500/SDI505 IMUs outperform other MEMS IMUs and have
been proven to deliver comparable performance to older, costlier
optical IMUs in a lower power, smaller, and lighter form factor.
They leverage industry-leading QMEMS technology to deliver
outstanding Angle Random Walk (ARW) values of 0.02°/√hr with 1°/hr
bias stability. The SDI500/SDI505 IMUs are designed to achieve the
demanding performance levels required in sophisticated systems
including weapons guidance and targeting, commercial and defense
fixed-wing aircraft & helicopters, UAVs (Unmanned Autonomous
Vehicles), and a wide variety of other high-precision commercial,
industrial, marine, defense, and space applications.
EMCORE’s SDN500 is the Company’s most advanced QMEMS INS/GPS
tactical grade system, combining the latest generation quartz gyros
and accelerometers from the SDI500/SDI505, with high-speed signal
processing and a 48-channel Coarse/Acquisition code GPS receiver
into a powerful, tightly coupled guidance and navigation
system.
“We would like to thank the U.S. Department of State for its
evaluation of our commodity jurisdiction request and conclusion
that our dual-use SDI500/SDI505 IMUs are not subject to ITAR,” said
David Hoyh, EMCORE’s Director of Sales & Marketing for
navigation products. “The determination of EAR status under the DOC
enables more customers worldwide to benefit from these important,
high-precision EMCORE products,” added Mr. Hoyh.
We would welcome a deeper engagement with technical teams around
the world to explore how our current and upcoming products could
meet your needs for guidance, navigation, and control. For further
discussion and specifications, call +1 866-234-4976; e-mail:
navigation-sales@emcore.com; or visit us on the web:
www.emcore.com/nav.
About EMCORE EMCORE Corporation is a leading
provider of advanced mixed-signal products that serve the aerospace
& defense and broadband communications markets. Our
best-in-class components and systems support a broad array of
applications including navigation and inertial sensing, defense
optoelectronics, broadband transport, 5G wireless infrastructure,
optical sensing, and cloud data centers. We leverage
industry-leading Quartz MEMS, Lithium Niobate, and Indium Phosphide
chip-level technology to deliver state-of-the-art component and
system-level products across our end-market applications. EMCORE
has vertically-integrated manufacturing capability at its wafer
fabrication facility in Alhambra, CA, and Quartz MEMS manufacturing
facility in Concord, CA. Our manufacturing facilities maintain ISO
9001 quality management certification, and we are AS9100 aerospace
quality certified at our facility in Concord. For further
information about EMCORE, please visit http://www.emcore.com.
Forward-looking statements:The information
provided herein may include forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, as amended. Such
statements include statements regarding EMCORE's plans, strategies,
business prospects, growth opportunities, changes, and trends in
our business and expansion into new markets. These forward-looking
statements are based on management's current expectations,
estimates, forecasts, and projections about EMCORE and are subject
to risks and uncertainties that could cause actual results and
events to differ materially from those stated in the
forward-looking statements, including without limitation, the
following: (a) uncertainties regarding the effects of the COVID-19
pandemic and the impact of measures intended to reduce its spread
on our business and operations, which is evolving and beyond our
control; (b) the rapidly evolving markets for EMCORE's products and
uncertainty regarding the development of these markets; (c)
EMCORE's historical dependence on sales to a limited number of
customers and fluctuations in the mix of products and customers in
any period; (d) delays and other difficulties in commercializing
new products; (e) the failure of new products: (i) to perform as
expected without material defects, (ii) to be manufactured at
acceptable volumes, yields, and cost, (iii) to be qualified and
accepted by our customers, and (iv) to successfully compete with
products offered by our competitors; (f) uncertainties concerning
the availability and cost of commodity materials and specialized
product components that we do not make internally; (g) actions by
competitors; and (h) other risks and uncertainties discussed under
Item 1A - Risk Factors in our Annual Report on Form 10-K for the
fiscal year ended September 30, 2020, as updated by our subsequent
periodic reports. Forward-looking statements contained in this
press release are made only as of the date hereof, and EMCORE
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact:EMCORE
CorporationDavid Hoyh Director, Sales & Marketing(925)
979-4503David_Hoyh@emcore.com
InvestorTom MinichielloChief Financial
Officer(626) 293-3400investor@emcore.com
MediaJoel CounterDirector, Corporate &
Marketing Communications(626) 999-7017media@emcore.com
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