EMCORE Announces Date of 2008 Shareholders' Meeting, Filing of 10-K/A Containing Compensation Information

ALBUQUERQUE, N.M., Jan. 28 /PRNewswire-FirstCall/ -- EMCORE Corporation ("EMCORE") (Nasdaq: EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets, announced that it had filed a Form 10-K/A, amending its Form 10-K previously filed with respect to its fiscal year ending September 30, 2007, in order to provide the new information required by Part III of Form 10-K, including executive compensation information, discussion and analysis.

"This information would ordinarily have been incorporated by reference from the proxy statement for our upcoming annual shareholders' meeting, which we have generally held in February," explained Reuben Richards, EMCORE's Chief Executive Officer. "Because our 2007 annual shareholders meeting was not held until December 3, 2007, our Board of Directors has determined to hold our 2008 meeting on March 31, 2008. As a result, the proxy statement for our 2008 meeting will be filed too late to incorporate this information by reference, and so we are including this information in a Form 10-K/A."

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 unit 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 unit 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:

Certain statements that are not historical facts constitute "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. The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements. Factors that could cause actual results to differ materially are developments which may cause EMCORE to further delay its 2008 annual meeting of shareholders, as well as 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.

SOURCE EMCORE Corporation

Released January 28, 2008