Emcore Corporation today announced that it has entered into an agreement with Lockheed Martin Missiles and Space (LMMS) of Sunnyvale, California, for the technical management and support of a LMMS/Sandia National Laboratory Cooperative Research and Development Agreement (CRADA) for the advancement, transfer, and commercialization of a new compound semiconductor high efficiency solar cell.

LMMS is a strategic business unit of Lockheed Martin Corporation. The Emcore/LMMS agreement will commence upon the start of the LMMS/Sandia CRADA, now planned for early October 1998. LMMS will grant Emcore a sub-license for all CRADA related intellectual property developed on behalf of and in conjunction with LMMS. Additionally, as part of this strategic agreement, Emcore and LMMS will jointly qualify and validate the high efficiency solar cells for operational satellite use.

"The new compound semiconductor based solar cell will bring

technical efficiencies and economic advantages for next generation

satellite systems," said Leonard F. Kwiatkowski, Vice President of

LMMS' Missiles and Space Products Center.

"This strategic agreement represents a vote of confidence for our

advanced compound semiconductor technology and manufacturing

processes," said Reuben Richards, President and CEO of Emcore. "This

agreement positions Emcore as the preferred compound high efficiency

solar cell provider for our current and future solar cell customers.

We are pleased to partner with Lockheed Martin, a recognized industry

leader, and we are confident that our high efficiency solar cell

designs will make an important contribution to the continued

advancement of the satellite communications industry."

Emcore Corporation is the leading provider of integrated compound

semiconductor solutions and the world's largest supplier of compound

semiconductor epitaxy wafers. Manufacturers throughout the world use

Emcore's MOCVD production systems and processes as the enabling

technology behind a variety of advanced photonic and electronic

applications. Recently, the Company's headquarters in Somerset, NJ

attained ISO 9001 certification and its Pegasus MR manufacturing

division attained ISO 9002 + QS 9000 certification.

Emcore Corp

Emcore's Solarcell Products