EMCORE (EMKR) Receives Two New Purchase Orders for Solar Cell Receivers, Valued at $29M
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EMCORE Corporation (Nasdaq: EMKR) today announced that it entered into two definitive supply agreements for solar cell receivers in June 2008 with a total value of approximately $29 million.
These supply agreements incorporate advance deposits to ensure production priority for these customers. The end applications for the product to be delivered range from solar farm to commercial rooftop installations employing Concentrating Photovoltaic technology. Production for these orders has commenced and shipments are scheduled to occur over the next 24 months.
EMCORE Corporation provides compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets.
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