EMCORE Awarded Continuing Development Contract for Navigation-Grade Inertial Measurement Units for Advance Tactical Pods
January 25 2022 - 8:30AM
EMCORE Corporation (Nasdaq: EMKR), a leading provider of advanced
mixed-signal products that serve the aerospace & defense,
communications, and sensing markets, announced today that it has
been awarded a continuing development contract by a major U.S.
prime contractor to finalize the design and establish low-rate
initial production processes to manufacture high-end Inertial
Measurement Units (IMU) for Advanced Tactical Pods (ATP).
For this contract, EMCORE expects to deliver initial production
units that will be used for proof of manufacturing and system level
qualification beginning in 2022. This contract follows the $1.1M
contract awarded to EMCORE in 2021 for the continued advancement of
the customer’s ATP program enabling them to demonstrate increased
capabilities in support of their strategic rollout and growth
initiatives for ATP.
ATP is an electro-optical targeting system housed in a single,
lightweight pod designed for precision targeting, surveillance, and
reconnaissance missions. This custom IMU will be based on EMCORE’s
proprietary closed-loop Fiber Optic Gyro (FOG) and quartz
accelerometer technology that delivers proven CSWaP (Cost, Size,
Weight, and Power) and performance advantages over other FOGs and
competing technologies. The unique IMU configuration is designed to
deliver navigation-grade performance in ATPs in GPS denied
environments.
“We are extremely pleased to be selected by an important
customer for this strategically significant program to develop a
unique, high-performance IMU for this demanding application,” said
David Hoyh, EMCORE’s Director of Sales & Marketing for
navigation products. “EMCORE once again demonstrated its ability to
quickly move through proof of design to satisfy the customer’s
program requirements for this complex IMU in support of an
aggressive roll-out plan for the Advanced Tactical Pods.”
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, communications, and sensing markets. Our
best-in-class components and systems support a broad array of
applications including navigation and inertial sensing, defense
optoelectronics, broadband communications, optical sensing, and
specialty chips for telecom and data center. 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, 2021, 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 WojciechowskiVice President of Sales,
Marketing and Business Development(626)
293-3715davewojo@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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