Smart Grid

TMCNet:  EMCORE Gets Another Satellite Contract

[November 14, 2012]

EMCORE Gets Another Satellite Contract

(FinancialWire via COMTEX) -- November 14, 2012 (FinancialWire) -- Compound semiconductor-based products company EMCORE Corp. (NASDAQ: EMKR) recently announced that it was awarded a solar panel manufacturing contract by ATK for the AMOS-6 commercial telecommunications satellite planned for launch in early 2015. Solar panels populated with EMCORE's most advanced ZTJ triple-junction solar cells will power the AMOS-6 spacecraft manufactured by Israel Aerospace Industries, noted EMCORE company officials.
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AMOS-6, operated by Spacecom, will reportedly be co-located at the 4EsW orbital position with AMOS-2 and AMOS-3. It will provide steerable Ku-band with Pan-European and Middle East coverage, and a Ka-band beam for broadband services in Africa and Europe, EMCORE officials said. The AMOS satellite fleet, beginning with the AMOS-1 in 1996, provides broadcasting and communications services to DTH (Direct-To-Home) television operators, TV broadcasters and programmers, government and corporate organizations, and VSAT (Very Small Aperture Terminal) network operators, according to the company.

Previously, EMCORE announced it was awarded a solar panel manufacturing contract by Orbital Sciences Corp. for NASA's Ice, Cloud, and land Elevation Satellite-2 (ICESat-2) mission targeted for launch in early 2016.

The panels, also populated with EMCORE's ZTJ cells will power the ICESat-2 spacecraft manufactured by Orbital. ICESat-2 builds on measurements taken by NASA's original ICESat mission, EMCORE officials noted.

EMCORE (approx market cap. US$ 111.9 mil.), together with its subsidiaries, provides compound semiconductor-based products for the broadband, fiber optics, satellite and solar power markets. The company was founded in 1984 and is headquartered in Albuquerque, New Mexico. EMCORE employs approximately 1,000 people.

========= EMKR stock info: Last quote at close: $4.65 Last close vs. 50-day moving avg.: -8.6% Last close vs. 200-day moving avg.: -0.9% Last close vs. 52-wk high: -22.4% 3-mo. avg. daily volume: 106,439 shares Approx. avg. daily money volume: $541,775 ========= OTHER FEATURED ARTICLES: "Alaska Air Gets New Plane" (at http://www.financialwire.net/issues/2012_11/14/alk-new-plane.htm) "Itron, Cisco Working Together On L.A. Smart Grid" (at http://www.financialwire.net/issues/2012_11/13/itri-csco-smart-grid.htm) "GP Strategies Posts Strong 3rd Quarter" (at http://www.financialwire.net/issues/2012_11/13/gpx-fibnancials.htm) "TeleCommunication Named Awardee On $10 Billion DOD Contract" (at http://www.financialwire.net/issues/2012_11/13/tsys-dod-contract.htm) ========= INDEPENDENT EQUITY RESEARCH for companies mentioned in the news is available through the Investrend Research Syndicate (at http://www.investrend.com/research/resources/).

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