EMCORE (EMKR) Higher After $5M NASA Order
Up)
EMCORE Corporation (Nasdaq: EMKR) is seeing interst this morning announced that it has been awarded a contract to manufacture, test, and deliver solar panels for NASA's Global Precipitation Measurement spacecraft. The contract, valued at approximately $5 million, will be managed by MEI Technologies, Inc. for the NASA Goddard Space Flight Center (GSFC).
Shares of EMKR are up 30% this AM.
The Global Precipitation Measurement (GPM) mission is one of the satellite-based science missions studying global precipitation, including rain, snow, and ice. The launch of the spacecraft is presently scheduled for summer of 2013. The GPM spacecraft solar arrays will be powered by EMCORE's latest generation, 30% efficiency class ZTJ multi-junction solar cells. Production of the solar cells and panels will take place at EMCORE's state-of-the-art manufacturing facilities located in Albuquerque, New Mexico.
Shares of EMKR are up 30% this AM.
The Global Precipitation Measurement (GPM) mission is one of the satellite-based science missions studying global precipitation, including rain, snow, and ice. The launch of the spacecraft is presently scheduled for summer of 2013. The GPM spacecraft solar arrays will be powered by EMCORE's latest generation, 30% efficiency class ZTJ multi-junction solar cells. Production of the solar cells and panels will take place at EMCORE's state-of-the-art manufacturing facilities located in Albuquerque, New Mexico.
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