EMCORE Corporation Comments On Recent Trading Activity

ALBUQUERQUE, N.M., March 18 /PRNewswire-FirstCall/ -- EMCORE Corporation (Nasdaq: EMKR), a leading provider of semiconductor-based components and subsystems for the broadband, fiber-optic, satellite and terrestrial solar power markets, responded today to a report about the Company contained in a recent blog posting.

"We normally do not directly respond to reports about our Company, including those from sources a great deal more reputable than a blog," stated Reuben Richards, EMCORE's Chief Executive Officer. "We feel, however, that this particular posting required a response because we believe that its conclusions are materially inaccurate and seriously misleading. EMCORE is known worldwide as a technology leader and innovator. We are well positioned in our core markets to continue substantial revenue growth and to improve profitability, and we stand by our products, our customers and our markets. Government securities regulators have been asked to investigate whether improper relationships exist between this blog and recent short selling of our stock."

About EMCORE

EMCORE Corporation is a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets. EMCORE's Fiber Optics segment offers optical components, subsystems and systems that enable the transmission of video, voice and data over high-capacity fiber optic cables for high-speed data and telecommunications, cable television (CATV) and fiber-to-the-premises (FTTP) networks. EMCORE's Solar Power segment provides solar products for satellite and terrestrial applications. For satellite applications, EMCORE offers high- efficiency compound semiconductor-based gallium arsenide (GaAs) solar cells, covered interconnect cells and fully integrated solar panels. For terrestrial applications, EMCORE offers concentrating photovoltaic (CPV) systems for utility scale solar applications as well as offering its high-efficiency GaAs solar cells and CPV components for use in solar power concentrator systems. For specific information about our company, our products or the markets we serve, please visit our website at http://www.emcore.com.

Safe Harbor

Statements in this press release that are not historical facts, and the assumptions underlying such statements, constitute "forward- looking statements" and assumptions underlying "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 and involve a number of risks and uncertainties, including whether the securities regulators will respond affirmatively to the request to investigate this matter. Readers should also review the risk factors set forth in EMCORE's Annual Report on Form 10-K for the fiscal year ended September 30, 2007. These forward-looking statements are made as of the date hereof, and EMCORE does not assume any obligation to update these statements.

    CONTACT:
    EMCORE Corporation
    Adam Gushard - Interim Chief Financial Officer
    (505) 332-5000
    info@emcore.com

    TTC Group
    Vic Allgeier
    (646) 290-6400
    vic@ttcominc.com

SOURCE EMCORE Corporation

Released March 18, 2008