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EMCORE Receives $28 Million Order for Concentrator Solar Cell Receivers from ES System in Korea
Monday May 5, 8:00 am ET
Accelerated deployment of solar farms in Korea drives increased demand for EMCORE's Concentrating Photovoltaic (CPV) products

http://biz.yahoo.com/prnews/080505/nym077.html?.v=101

ALBUQUERQUE, N.M., May 5 /PRNewswire-FirstCall/ -- EMCORE Corporation (Nasdaq: EMKR - News) a leading provider of Semi-conductor-based components and subsystems for the broadband, fiber-optic, satellite and terrestrial solar power markets, announced today that it has entered into a $28 million definitive supply agreement with ES System of Gwang-Ju, South Korea, for solar cell receivers to be fielded in fully licensed and funded solar farms in South Korea. This agreement incorporates an advance deposit to ensure production priority, and will enable the installation of 70 megawatts (MW) of solar farms. Production for this order has commenced and shipments are scheduled to occur over the next 24 months with the provisions for accelerated deliveries as well as future purchase options under the same terms.