EMCORE Announces Commencement of Product Shipments From its New Low-Cost Manufacturing Facility in China

ALBUQUERQUE, N.M., May 22 /PRNewswire-FirstCall/ -- EMCORE Corporation (Nasdaq: EMKR), a leading provider of compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite and terrestrial solar power markets, today announced the commencement of product shipments from its recently opened low-cost manufacturing facility in China.

EMCORE's China facility is located in an export-processing zone in Langfang City, approximately 20 miles southeast of Beijing. EMCORE China currently occupies a space of 22,000 square feet with a Class-10,000 clean room for optoelectronic device packaging. Another 60,000 square feet is available for future expansion. Dr. Charlie Wang, former Director of Engineering of EMCORE Fiber Optics, has been appointed General Manager of EMCORE China. EMCORE will consolidate and move the manufacturing of certain cost sensitive optoelectronic device products to this facility.

"We chose this location because of its convenient access to infrastructures and talent pools of nearby Beijing and Tianjin metro areas. This facility will experience a very low operating cost in addition to tax and import/export benefits for being located in an export-processing zone," said Dr. Charlie Wang. "We will be packaging optical subassemblies for broader applications of storage-area network, local-area network, cable TV, and telecom markets. We have already transferred and started the qualification processes for certain products."

"The establishment of EMCORE China is an important accomplishment as we focus on achieving our goal of profitability. Through our China operations, we will be able to tap into a vast talent pool of low-cost skilled labor and engineering resources. This facility, along with a strategic alignment with our existing contract-manufacturing partners, should enable us to improve our cost structure and gross margins across product lines within EMCORE. We expect to develop and provide improved service to our global customers using a local presence in Asia." commented Reuben F. Richards Jr., Chief Executive Officer of EMCORE Corporation.

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. We have two operating segments: Fiber Optics and Photovoltaics. EMCORE's Fiber Optic 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 Photovoltaic segment provides solar products for both satellite and terrestrial applications. For satellite applications, EMCORE offers high-efficiency compound semiconductor-based Gallium Arsenide (GaAs) solar cells, covered interconnect cells (CICs) and fully integrated solar panels. For terrestrial applications, EMCORE offers its high-efficiency GaAs solar cells 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.

Disclaimer:

The information provided herein may include 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. Such forward-looking statements include, but are not limited to, any statement or implication that the products described in this press release (i) will be successfully introduced or marketed, (ii) will be qualified and purchased by our customers, or (iii) will perform to any particular specifications or performance or reliability standards. Such forward-looking statements involve risks and uncertainties that, if realized, could materially impair the Company's results of operations, business, and financial condition. These risks and uncertainties include, but are not limited to, (a) the failure of the products (i) to perform as expected without material defects, (ii) to be manufactured at acceptable volumes, yields, and cost, (iii) to be qualified and accepted by our customers, and (iv) to successfully compete with products offered by our competitors, and (b) factors discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. Our ability to operate in China may be adversely affected by changes in Chinese laws and regulations, such as those relating to taxation, import and export tariffs, environmental regulations, land use rights, intellectual property and other matters, which laws and regulations remain highly underdeveloped and subject to change, with little or no prior notice, for political or other reasons, or changes with respect to the enforceability of such laws. In addition, we may not obtain the requisite legal permits to continue to operate in China and costs or operational limitations may be imposed in connection with obtaining and complying with such permits. The forward-looking statements contained in this news release are made as of the date hereof and EMCORE does not assume any obligation to update the reasons why actual results could differ materially from those projected in the forward-looking statements.

SOURCE EMCORE Corporation

Released May 22, 2007