EMCORE to Showcase One of the Industry’s Broadest Product Portfolios at ION GNSS+, Including Recently Acquired KVH Inertial Navigation Products
September 15 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 EMCORE’s
inertial navigation team will be joined for the first time by the
inertial navigation team that EMCORE recently acquired from KVH
Industries, Inc. at the Institute of Navigation’s (ION) GNSS+
Conference, September 21-22 at the Hyatt Regency Denver in booth
#105. ION GNSS+ is the world’s largest technical meeting and
showcase of GNSS technology, products, and services.
On August 9, 2022, EMCORE acquired the KVH inertial navigation
business becoming the largest independent* inertial navigation
provider in the industry. GNSS+ will be the first major navigation
industry event where these product lines with be presented
together. Combined with EMCORE’s closed-loop Fiber Optic Gyro (FOG)
and MEMS-based inertial sensors, and the advanced space and
navigation products of L3Harris, which EMCORE acquired on April 29,
2022, this will be a showcase of one of the inertial navigation
industry’s broadest product portfolios serving a wide range of
applications across the tactical, navigational, and strategic-grade
segments of the market.
“We are very excited to showcase the combined capabilities of
the advanced tactical FOG, IMU, INS, and TACNAV® products acquired
from KVH with EMCORE’s closed-loop FOG, transceiver, and MEMS
technologies, and the high-end navigation-grade artillery and radar
positioning & pointing, and battlefield survey systems acquired
from L3Harris,” commented Matthew Vargas, Director of Sales for
EMCORE.
“EMCORE is now uniquely positioned to serve the broadest range
of grade-level performance requirements and applications across the
aerospace & defense, commercial, and industrial markets,” added
David WojciechowskiEMCORE’s Vice President of Sales, Marketing and
Business Development. “We look forward to meeting you at GNSS+ to
discuss how our wide range of advanced navigation solutions can
support your initiatives.”
Additionally at GNSS+, EMCORE will be giving a presentation by
Arvind Srivastava, Ph.D. titled "Compact Navigation-Grade IMUs
Based on Quartz MEMS Technology" in Session E3 at 8:35 a.m. on
Thursday, Sept. 22.
For further information on EMCORE’s complete line of navigation
and inertial sensing products, and to schedule a meeting at GNSS+,
call +1 866-234-4976 or e-mail navigation-sales@emcore.com.
*All sales are to unaffiliated third-party customers.
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 Photonic Integrated Chip (PIC), 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 facilities in Alhambra, CA, Budd
Lake, NJ, Concord, CA, and Tinley Park, IL. Our manufacturing
facilities maintain ISO 9001 quality management certification, and
we are AS9100 aerospace quality certified at our facilities in Budd
Lake and Concord. For further information about EMCORE, please
visit https://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 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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