EMCORE Awarded $1.1M Development Contract for High-End Tactical-Grade Inertial Measurement Unit
March 17 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 it has been
awarded a development contract valued at $1.1 million by a major
U.S. prime contractor to design and manufacture a high-end Inertial
Measurement Unit (IMU) for tactical intelligence and reconnaissance
systems. The prototype phase has been successfully completed and as
part of the contract in this follow-on phase, EMCORE will deliver
initial production units that will be used for proof of
manufacturing and system level qualification.
This custom IMU will be based on EMCORE’s proprietary
closed-loop Fiber Optic Gyro (FOG) technology that delivers proven
CSWaP (Cost, Size, Weight, and Power) and performance advantages
over other FOGs and competing technologies. It is designed to
deliver the highest level of performance in EMCORE’s tactical IMU
product line, exceeding EMCORE’s EN-300. EMCORE’s FOG IMU
technology delivers 10X the bias performance of legacy systems in
compact form, fit, and function compatible packages.
“We are extremely pleased to be selected for this program to
develop a high-performance IMU for these demanding applications,”
said David Hoyh, EMCORE’s Director of Sales & Marketing for
navigation products. “EMCORE demonstrated its agility to quickly
move from proof of design to proof of manufacturing for this
complex, strategic IMU to support a U.S. Government customer’s
maturity milestone effort.”
“This agreement with one of our most important customers is
another key design win for our Navigation business,” commented
Jeffrey Rittichier, EMCORE’s President and CEO. “It further
demonstrates the value of our Mixed-Signal products and our
strategy for Transforming Navigation that enables the versatility
to customize our products to meet very specific customer demands.
We are honored to be selected for this program,” added Mr.
Rittichier.
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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