EMCORE Awarded New Contracts for Flight Stabilization and Navigation IMUs for Multistage Space Launch Vehicles
May 05 2022 - 9:00AM
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 new contracts for the Booster Rate Gyro (BoRG) and
Tri-Axial Inertial Measurement Unit (TAIMU) programs for space
launch vehicles resulting from its acquisition of the L3Harris
Space and Navigation business.
The BoRG program award is a contract valued at over $12 million
for the production of IMUs used for flight stabilization of the
booster stage of a multistage launch system. The TAIMU program
award is a development contract for the design and qualification of
IMUs deployed for navigation and flight control of the upper stage
of a multistage launch system. Pending successful demonstration of
required capability and quality, EMCORE expects to be awarded
follow-on production contracts for TAIMU within the next 12
months.
“We are honored to supply our highest-grade inertial navigation
equipment for these critical space launch vehicle programs,” said
Albert Lu, Senior Vice President and General Manager, Aerospace and
Defense for EMCORE. ”We look to further our close partnership with
L3Harris through successful on-time deliveries for both the BoRG
and TAIMU programs,” added Mr. Lu.
For further information on EMCORE’s complete line of navigation
products, 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; (h) acquisition-related risks, including that the
costs and cash expenditures for integration of the L3Harris Space
and Navigation business operations may be higher than expected and
(i) 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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