EMCORE Corporation (Nasdaq: EMKR), the world’s largest independent
provider of inertial navigation solutions to the aerospace and
defense industry, announced today that it is entering into a
long-term supply partnership with Kratos Unmanned Aerial Systems to
deliver SDI500, its flagship Quartz MEMS Inertial Measurement Units
(IMU), for multiple advanced unmanned aerial defense programs
including the XQ-58 Valkyrie.
The Kratos XQ-58 Valkyrie is a stealthy, high-performance and
low-cost unmanned combat aerial vehicle capable of long-range
flights at high-subsonic speeds designed and built by Kratos
originally for the U.S. Air Force’s Low-Cost Attritable Strike
Demonstrator program and now under contract with multiple DoD
customers. Representing a clean-sheet, low-cost tactical Unmanned
Aerial System (UAS), the XQ-58 is changing the paradigm for
tactical UAS technology.
In addition to the XQ-58 Valkyrie, EMCORE is entering into
agreements with Kratos to supply SDI500 IMUs for the BQM-167A Air
Force Subscale Aerial Target (AFSAT), the BQM-177A Sub-Sonic Aerial
Target (SSAT), and the MQM-178 Firejet aerial target drone.
The BQM-167A is the subscale aerial target platform operated by
the U.S. Air Force and provides aviators with realistic and
comprehensive end-to-end weapons-release training. The BQM-177A is
the U.S. Navy’s next-generation SSAT providing formidable threat
emulation for air-to-air engagements and sea-skimming anti-ship
cruise missile threats. The MQM-178 Firejet fills a variety of
end-to-end weapons-release training roles, including surface-to-air
and air-to-air.
“We are extremely proud to enter into a long-term supply
partnership with Kratos Unmanned Aerial Systems to support their
mission-critical, unmanned aerial tactical and target defense
systems for the U.S. Air Force and U.S. Navy,” said Jeff
Rittichier, EMCORE’s President and CEO. “Our SDI500 IMU’s high
reliability and accuracy, even in challenging environments,
combined with its established success in the market were key
factors in being chosen for these important unmanned programs,”
added Mr. Rittichier.
Steve Fendley, President of Kratos Unmanned Systems Division,
said, “EMCORE has been a long-term key and dependable supplier
helping enable our UAS to deliver the performance demanded by our
military customers and users. Evolving the relationship to
partnership status demonstrates the confidence Kratos has in
EMCORE’s systems and enables our users to be confident in the
long-term availability of this key enabling technology which is
critical in this day and age of supply chain challenges. As we
continue to grow and mature Kratos’ family of systems, we look
forward to continuing to design in EMCORE’s solutions in our
aircraft.”
EMCORE’s SDI500 is the only MEMS IMU capable of delivering true
tactical-grade performance of 1.0°/hr gyro bias and 1 mg accel bias
stability over a full temperature range from 55 °C to +85 °C. The
SDI500 was ranked 1st in overall accuracy in a U.S.
Military-commissioned IMU trade study of 19 competing IMUs and the
series has been awarded other significant contracts including the
U.S. Navy’s MK 48 heavyweight and MK 54 lightweight torpedo
programs.
We would welcome a deeper engagement with technical teams around
the world to explore how EMCORE can be the solution for your
guidance, navigation, and control requirements. For further
discussion, call +1 866-234-4976; e-mail
navigation-sales@emcore.com; or visit us on the web:
www.emcore.com.
About EMCORE EMCORE Corporation is a leading
provider of inertial navigation products for the aerospace and
defense markets. We leverage industry-leading Photonic Integrated
Chip (PIC), Quartz MEMS, and Lithium Niobate 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 facilities in
Alhambra, CA, Budd Lake, NJ, Concord, CA, and Tinley Park, IL. Our
manufacturing facilities all maintain ISO 9001 quality management
certification, and we are AS9100 aerospace quality certified at our
facilities in Alhambra, Budd Lake, and Concord. For further
information about EMCORE, please visit https://www.emcore.com.
About Kratos Defense & Security
SolutionsKratos Defense & Security Solutions, Inc.
(NASDAQ: KTOS) is a technology company that develops and fields
transformative, affordable systems, products, and solutions for
United States National Security, our allies, and global commercial
enterprises. At Kratos, Affordability is a Technology, and Kratos
is changing the way breakthrough technology is rapidly brought to
market – at a low cost – with actual products, systems, and
technologies rather than slide decks or renderings. Through proven
commercial and venture capital-backed approaches, including
proactive, internally funded research and streamlined development
processes, Kratos is focused on being First to Market with our
solutions well in advance of the competition. Kratos is the
recognized Technology Disruptor in our core market areas, including
Space and Satellite Communications, Cyber Security and Warfare,
Unmanned Systems, Rocket and Hypersonic Systems, Next-Generation
Jet Engines and Propulsion Systems, Microwave Electronics, C5ISR,
and Virtual and Augmented Reality Training Systems. For more
information go to www.KratosDefense.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,
goals and 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) the rapidly evolving markets for our products and
uncertainty regarding the development of these markets; (b) our
historical dependence on sales to a limited number of customers and
fluctuations in the mix of products and customers in any period;
(c) the effect of component shortages and uncertainties concerning
the availability and cost of commodity materials and specialized
product components that we do not make internally; (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) actions by competitors; and (g) 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, 2022, 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
Matthew VargasVice President of Sales (401) 408-4096
matthew_vargas@emcore.com
InvestorTom MinichielloChief Financial
Officer(626) 293-3400investor@emcore.com
MediaJoel CounterDirector, Corporate &
Marketing Communications(626) 999-7017media@emcore.com
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