January 10, 2007 - EXHIBIT 99.1 - 8-K: Current report filing

EMCORE Company Overview

9^th Annual Needham Growth Conference,

January 9, 2007, New York City

Reuben F. Richards, Jr. Chief Executive Officer

Hong Hou, President & Chief Operating Officer

Tom Werthan, Chief Financial Officer

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, (a) the Company’s unaudited results for the fourth quarter and fiscal year 2006, (b) statements related to the Company’s voluntary review of its historic stock option granting practices, including statements concerning the determination of accounting adjustments and related tax and financial consequences in connection with the SpecialCommittee’s recommendations, and (c) the timing of filing of reports with the Securities and Exchange Commission. of predicting quarterly and year end financial results, (b) the finalization and audit of the Company’s unaudited fourth quarter and fiscal year 2006 results, (c) the effects of the Company’s voluntary review of its historic stock option granting practices, including (i) risks and uncertainties relating to developments in regulatory and legal guidance regarding stock option grants and accounting for such grants, (ii) the possibility that the Company will not be able to file additional reports with the Securities and Exchange Commission in a timely manner, (iii) the possibility that the Company in consultation with the Company's independent public accountants or the SEC, may determine that additional stock-based compensation expenses and other additional expenses be recorded in connection with affected option grants (iv) the Company may incur negative tax consequences arising out of the stock option review, (v) the possible delisting of the Company’s stock from the Nasdaq National Market pursuant to Nasdaq Marketplace Rule 4310(c)(14), (vi) the timing and outcome of the Nasdaq appeal hearing, (vii) the impact of any actions that may be required or taken as a result of such review or the Nasdaq hearing and review process, (viii) the possibility of our bondholders alleging a default under the Company’s indenture as a result of the delay in filing the 10-K and (ix) risk of litigation arising out of or related to the Company’s stock option grants or a restatement of the Company’s financial statements, and (d) factors discussed from time to time in reports filed by the Company 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.

“Safe Harbor” Statement

EMCORE New Business Scope

Fiber Optics

Digital Apps (EFO)

DataCom Component

Telecom Component

10GE TRx (LX4, CX4)

Parallel Optical TRx

Fiber Optics

Analog Apps (Ortel)

CATV Tx/Rx

FTTx Tx, PON TRx

RF over fiber links

Fiber-optic gyro

Video Transport

Photovoltaics

Solar Power (EPV)

Space solar cells

Space solar panels

Emcore Solar

Power (ESP)

Concentrator solar

cells for terrestrial

Solar power system

Fiber Optics Components and Systems for Broadband, 10G Ethernet, Datacom & Telecom

Space and Terrestrial Solar

Power Based on Multi-

Junction Solar Cells

Global Communications and Solar Power at the Speed of Light

EFO

Ortel

EFO

Microwave/RF Transmitters/Receivers

Microwave/RF

Transmitters/Receivers

TVRO = TeleVision

Receive Only (big dish)

CATV Transmitters/

Receivers

And FTTX products

CATV Transmitters/

Receivers & FTTX

10G Transmit/Receive
Module, LX4, CX4,
Xenpak

Parallel Optics, 4 & 12 channel transceivers

10G modules LR Xenpak, X2

Solar Cells/Panels

EPV

Global Communication Networks

(From Outer Space to Outside of Your Home)

Major Customers and Partnerships

BUPT-Guoan

Broadband Business Strategy

Acquired four companies to position ourselves as a major player on

Broadband Components and Systems

Consolidated technology, IP, product portfolio, & customer base of CATV

Expanding market share in China and India through low-cost solutions

Leverage core competency of “RF over Fiber” to provide system solutions to satellite communications and Specialty applications.

Positioned as “Arms Merchant” to MSO and Telecom’s buildout

Multi-service operators (MSOs) are accelerating CATV infrastructure upgrade in order to offer premium services

•

High-definition TV (HDTV)

•

Digital video and VOD

•

High-speed internet

Emerging supplier on FTTP components

•

Expanded design wins on B-PON and G-PON solutions with multiple customers

•

Establish China-based manufacturing facility to reduce cost

•

Vertically integrated, from chip to subsystem

Penetrate into fast growth area of video transport and IPTV

“Fiber-to-the-Node”

$4-6B Investment Thru '08

“Fiber-to-the-Home: $5.0B Through ‘08 Reaching 6M Homes

ONU

AT&T May

Go FTTH

Video Tx

EDFA

PON TxRx

North America FTTP Architectures

10 Gb/s Ethernet Market is expected to experience a CAGR of >50% over the next 4 years to a market > $500 million.

EMCORE 10Gbs products lead market: LX4, CX4, Smartlink™, and10G TOSAs

EMCORE’s 850nm VCSEL based components are the current market leader, and supply a low cost basis for EMCORE’s module business

EMCORE parallel optical modules for switch, router and HPC applications lead market.

Fiber Optics for Datacom/Telecom

Smartlink™

LX4 (Xenpak/X2)

CX4

10G TOSA

Market

Satellite power systems

Growing demands for both commercial and defense programs: 26 commercial GEO awards in 2006. Highest since 2001

Industry is at the leading edge of a replacement cycle as many of the satellites launched in the early 1990’s reach the end of their useful life.

EMCORE: one of two viable suppliers with the best performance in industry, perfect space heritage and reliability record.

Major Customers

Space Systems / Loral

Lockheed Martin

Boeing

New Orders

Received over $40 million in long-term contracts in Q1FY07.

Solar Cells /Panels for Space Power

Solar Cells

Solar Panels

EMCORE (Terrestrial) Solar Power

EMCORE’s triple junction solar cell technology for space power (28%) is being adapted to terrestrial power generation (35% efficiency)

Concentrated photovoltaics (CPV) is an emerging technology for more cost effectiveness

Use 500x concentration on 35% efficiency multi-junction solar cell

Conversion efficiency improves under concentrated illumination

Roadmap to achieve 40% efficiency in 2007 (Silicon peaks out at ~20%)

Cost target: $2.5/W for modules (Silicon flat panel ~$3.5/W)

Market sector

Serving primarily commercial and utility sectors with CPV systems

Investment in WWAT & resulting $100 million supply contract formed EMCORE’s “go to market” strategy

Europe particularly Spain likely to drive market growth in near term (recent PO for 13MW solar cells to be delivered in CY2007)

EMCORE advantages

Utilize the most advanced solar cells to provide most cost effective solution

Vertically integrated business and infrastructures from solar cells to systems provides great leverage.

Concentrated Solar Cell Module

Emcore’s CPV System Design

and Testbed Installation

Installed at EMCORE

Albuquerque December 2006

Designed to provide

25kW/system

Two-axis tracking

Highlights

$100 Million cash, $87 million estimated profit

Taxes estimated at $2-4 million

Why?

Eliminate debt service on subordinated debentures

Funding for entrance into terrestrial photovoltaics

Saturation of dominant market (traffic signals)

General illumination market may be delayed

Built in bias against mainstreaming HB-LED (cannibalization of general lighting revenues)

Value

2.91 Calendar 2005 revenues, 2.72 TTM revenues

LED system companies at 2.4x and 2.25x

(Daktronics, Carmanah, Dialight)

Losses in 4 of last 6 quarters

GELcore Sale

Fiscal 06 & 07 Revenue Drivers:

CATV and FTTx to offer premium video services

10 gigabit Ethernet infrastructure

High space power (solar cell) demands

Terrestrial solar cell: Investment in WWAT

EMD (discontinued ops) revenues eliminated

$115 +40%

($ in millions)

$32

$50

$82 +64%

$143
+24%

$155-$165

+8 to15%

FY02

FY04

FY03

FY05

FY06

Projected

FY07

Estimate

Revenue History from the

Current Businesses

Acquisitions: Rolled up 4 companies to become leading supplier of broadband components and systems

JDS Uniphase, CATV, ~$1.5 million for ~$10 million revenues

Phasebridge, Satcom/specialty, ~$700k stock for ~$1.5 million revenues

Force, Video transport, ~$2.1 million stock & $500k cash for ~$4 million revenues

K2 Optronics ~$5 million stock for $3 million revenues

Spin-out of GaN technology group into Velox Semiconductor, raised $6M

Divesture of EMD, wafer foundry division, in August 2006 for $18M cash

Divesture of Gelcore, JV with GE Lighting, in Sept 2006 for $100M cash

Convertible debt—all long-term, due May 2011 @ 5% rate. Convertible at $8.06, callable at $12.09, GELcore cash to offset debt service.

Investment in EMCORE (terrestrial) solar power :

Investment in Worldwater & Power (WWAT)—vertical integration, supply agreement

Agreement with Sandia National Laboratories for joint development

Financial Highlights in FY06/07

	Sept 04	Dec 04	Mar 05	Jun 05	Sep 05	Dec 05	Mar 06	Jun 06	Sept 06

Gross margins	4%	8%	18%	20%	18%	17%	21%	21%	12%

Gross margin improvement key to positive EBITDA:

•

22% target will generate positive EBITDA (a)

Initiatives under way:

- “Filling the Fab” (laser mouse, terrestrial epi)

–

Aggressive cost reduction effort thru SCM and engineering improvement

–

Move to China for lower manufacturing costs

–

Acquisitions gross margins exceed Company averages

Pro-forma:
Revenues	$	42.0
COGS	$	32.8
Margin	$	9.2
OPEX	$	12.6
Depre/amort/FAS 123R	$	4.0
EBITDA	$	0.6

(a) Exclusive of ramp up in terrestrial solar products (R&D)

Financial Highlights-continued