EMCORE Awarded Contract for SDI170 IMUs for Precision-Guided Munitions by Major International Weapons Systems Manufacturer
May 04 2022 - 4:03PM
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 an initial contract for multiple SDI170 MEMS Inertial
Measurement Units (IMU) for precision-guided munitions by a major
international weapons systems manufacturer. Following analysis of
the performance of the SDI170 units during the qualification phase,
EMCORE expects to be awarded higher volume contracts with this key
customer within the next 6-12 months.
EMCORE’s SDI170 tactical grade MEMS IMU is designed as a form,
fit, and function compatible replacement for a competitor’s legacy
IMU, but with superior overall performance, versatility, and a
significantly higher MTBF (Mean Time Before Failure) rating over
ruggedized environments. For this application, EMCORE’s SDI170 will
be incorporated into a guidance kit that enhances the accuracy of
general-purpose munitions, converting them into smart weapon
systems to increase their ability to strike both static and mobile
targets with high precision.
“We are extremely pleased to be awarded this contract to supply
our high-performance SDI170 IMU for this precision-guided munitions
system,” said David Wojciechowski, EMCORE’s Vice President of
Sales, Marketing and Business Development for Aerospace &
Defense products. ”We anticipate successful qualification and look
forward to supporting this key customer’s future program
development needs.”
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 Corporation
David 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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