EXHIBIT 99.1 - SHERMAN MCCORKLE
Published on December 24, 2009
EXHIBIT
99.1
PRESS
RELEASE
FOR
IMMEDIATE RELEASE
Sherman
McCorkle Joins Board of Directors of EMCORE Corporation
ALBUQUERQUE,
NM--(Marketwire - 12/23/09) - EMCORE Corporation (NASDAQ:EMKR - News), a leading
provider of compound semiconductor-based components, subsystems, and systems for
the fiber optics and solar power markets, today announced that Sherman McCorkle
was elected to join its Board of Directors as an Class B independent
director.
Sherman
McCorkle is a native New Mexican and has been deeply involved in the New Mexico
business community for most of his career. He is President and Chief Executive
Officer of Technology Ventures Corporation (TVC), an Albuquerque-based
organization that assists start up companies in developing and commercializing
technologies from research universities and the national
laboratories. Prior to joining TVC as President & CEO
in 1993, Mr. McCorkle served as CEO & President of Sunwest Credit Services
Corporation commencing in 1988. In 1977, he co-founded and was Charter Director
of Plus Systems Incorporated, the original platform that enabled national and
international electronic banking and ATM systems. In addition, Mr. McCorkle is a
co-founder and Charter Director of New Mexico Bank and Trust and First Community
Bank.
“As
Chairman of Sandia Science and Technology Park, Sherman was instrumental in
persuading EMCORE to locate and expand its operations in Albuquerque, and has
been a great advocate of EMCORE in reaching out to the local community, state
government, and congressional offices, ” stated Reuben F. Richards, EMCORE’s
Chairman of the Board. “We are excited about the addition of Sherman to our
Board, and look forward to working with him as we enter the new
decade.”
“It is a
great honor to serve on EMCORE’s board,” commented Mr. McCorkle. “I am very
proud of EMCORE’s accomplishments over the last decade in Albuquerque. They took
drawing board concepts from Sandia National Labs and successfully commercialized
them to emerge as the largest high-efficiency solar cell provider in the world.
EMCORE has served as an excellent example of what is possible by commercializing
local technologies. I look forward to be a part of this very exciting
company.”
Mr.
McCorkle was elected to fill a Board vacancy and began service as a director
immediately upon his election. As a Class B director, he will stand
for re-election at the Company’s 2010 annual meeting of
shareholders.
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 www.emcore.com.
FORWARD
LOOKING STATEMENTS SAFE-HARBOR
This
press release contains forward-looking statements regarding EMCORE’s future
growth and success in its community. These forward-looking statements involve
risks and uncertainties that could cause actual results to differ materially
from those predicted in any such forward-looking statements. These risks and
uncertainties include, but are not limited to (a) economic, competitive and
regulatory conditions affecting our business and the markets for our products
and (b) the risk factors discussed in our Annual Report on Form 10-K for the
fiscal year ended September 30, 2008, as updated by annual, quarterly and other
reports and documents we file from time to time with the Securities and Exchange
Commission. 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.
Contact:
EMCORE
Corporation
Silvia M.
Gentile
Executive
Offices
(505)
323-3417
info@emcore.com
TTC
Group
Victor
Allgeier
(646)
290-6400
vic@ttcominc.com