EMCORE Awarded SDI500 IMU Contract by Raytheon Technologies for MK 54 Torpedo Program
2020年8月31日 - 10:15PM
EMCORE Corporation (NASDAQ: EMKR), a leading provider of advanced
mixed-signal products that serve the aerospace & defense and
broadband communications markets, announced today that it has been
awarded a contract by Raytheon Technologies valued at $3.6 million
to deliver SDI500 IMUs (Inertial Measurement Units) for the MK 54
lightweight torpedo program. The units are expected to be delivered
by September 2021.
MK 54 is an advanced anti-submarine torpedo designed and
developed by Raytheon Integrated Defense Systems in collaboration
with the U.S. Navy. It can be launched from surface ships,
fixed-wing aircraft, and helicopters for use in both deep and
shallow waters and in various acoustic environments. MK 54 can
track, classify, and attack underwater targets using sophisticated
processing algorithms to analyze information, edit out false
targets or countermeasures, and then pursue identified threats.
EMCORE’s COTS (Commercial Off-The-Shelf) SDI500 IMU delivers
true tactical grade performance with <1º/hr bias stability
across a full temperature range with class leading 0.02º/√hr angle
random walk and 1 mg accelerometer bias performance. The compact,
low power, high-quality SDI500 IMU enables superior guidance and
control of the MK 54 torpedo during in-water maneuvers, plus
improves system cost-effectiveness, reduces obsolescence, and
increases sustainability for Raytheon and its customers.
“We have a long, proud history supporting Raytheon’s important
defense programs at EMCORE, and previously at Systron Donner
Inertial. Raytheon played a big part in helping Systron deliver
5,000 SDI500 tactical grade IMUs to customers globally,” said David
Hoyh, Director Sales & Marketing for EMCORE. “EMCORE’s mission
for its innovative and growing line of tactical grade products is
to deliver superior inertial bias and noise performance under
environmental conditions with smaller, lighter, more reliable and
cost-effective product solutions than traditional tactical grade
technologies or competitors.”
For further information and specifications on EMCORE IMU
products and the complete EMCORE navigation product line, call +1
866-234-4976; e-mail: navigation-sales@emcore.com; or visit us on
the web: www.emcore.com/nav.
About EMCORE EMCORE Corporation is a leading
provider of advanced mixed-signal products that serve the aerospace
& defense and broadband communications markets. Our
best-in-class components and systems support a broad array of
applications including navigation and inertial sensing, defense
optoelectronics, broadband transport, 5G wireless infrastructure,
optical sensing, and cloud data centers. We leverage
industry-leading Quartz MEMS, Lithium Niobate and Indium Phosphide
chip-level technology to deliver state-of-the-art component and
system-level products across our end-market applications. EMCORE
has vertically-integrated manufacturing capability at its wafer
fabrication facility in Alhambra, CA, and quartz MEMS manufacturing
facility in Concord, CA. Our manufacturing facilities maintain ISO
9001 quality management certification, and we are AS9100 aerospace
quality certified at our facility in Concord. For further
information about EMCORE, please visit http://www.emcore.com.
Forward-looking statements:
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, as
amended. Such statements include statements regarding EMCORE's
plans, strategies, business prospects, growth opportunities,
changes, and trends in our business and expansion into new markets.
These forward-looking statements are based on management's current
expectations, estimates, forecasts, and projections about EMCORE
and are subject to risks and uncertainties that could cause actual
results and events to differ materially from those stated in the
forward-looking statements, including without limitation, the
following: (a) uncertainties regarding the effects of the COVID-19
pandemic and the impact of measures intended to reduce its spread
on our business and operations, which is evolving and beyond our
control; (b) the rapidly evolving markets for EMCORE's products and
uncertainty regarding the development of these markets; (c)
EMCORE's historical dependence on sales to a limited number of
customers and fluctuations in the mix of products and customers in
any period; (d) delays and other difficulties in commercializing
new products; (e) the failure of new 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; (f) uncertainties concerning
the availability and cost of commodity materials and specialized
product components that we do not make internally; (g) actions by
competitors; and (h) other risks and uncertainties discussed under
Item 1A - Risk Factors in our Annual Report on Form 10-K for the
fiscal year ended September 30, 2019, as updated by our subsequent
periodic reports. Forward-looking statements contained in this
press release are made only as of the date hereof, and EMCORE
undertakes no obligation to update or revise the forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact: EMCORE Corporation
David Hoyh Director, Sales & Marketing (925)
979-4503David_Hoyh@emcore.com
Tom MinichielloChief Financial Officer(626)
293-3400investor_emkr@emcore.com
Investor
Erica MannionSapphire Investor Relations, LLC (617) 542-6180
investor_emkr@emcore.com
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