EMCORE Awarded Medallion 8100 L-EML™ Transmitter Contract Extension for Multi-Year Project in Europe
April 13 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 contract extension for Medallion 8100 Series L-EMLTM
CATV transmitters by a major broadband MSO in Europe. This contract
extension brings the value of L-EML transmitters shipped for this
multi-year project to over $2 million. For this phase of the
project, EMCORE expects to deliver transmitters beginning in the
2nd calendar quarter of 2022.
EMCORE’s breakthrough L-EML transmitter technology was launched
at ANGACOM in 2016 and entered volume production in 2017,
successfully achieving wide market acceptance. The Medallion 8100
Series L-EML rackmount transmitters being shipped for this project
feature the proprietary, breakthrough optical device innovation
that sets L-EML technology apart from competing alternatives. It
consists of a high-power, low-noise, narrow linewidth laser
combined with a highly-linearized modulator in a monolithic
assembly that enables long-distance optical link performance far
exceeding that of Distributed Feedback (DFB) laser-based
systems.
“This contract extension is a testament to the continuing
success of our L-EML transmitters and we are extremely pleased to
support this MSO’s network expansion project in Europe,” said Grant
Olecko, Senior Product Line Director for EMCORE. “We look forward
to furthering our ongoing business relationship with future
expansion projects with this customer,” added Mr. Olecko.
EMCORE will be showcasing its linear fiber optic transmission
solutions for high-speed broadband at ANGACOM 2022, May 10-12, with
its partner EQ Photonics GmbH at the Koelnmesse in Cologne,
Germany, Hall 7, Booth #B20.
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 CorporationGyo
ShinozakiVice President and General Manager of Broadband(626)
293-3616gshinozaki@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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