Emcore Corporation Confirms Receipt of Unsolicited, Non-Binding Proposal from Mobix Labs, Inc.

Core Viewpoint - EMCORE Corporation has received an unsolicited proposal from Mobix Labs, Inc. to acquire all outstanding shares for $3.80 per share in cash [1] Group 1: Company Overview - EMCORE Corporation is the largest independent provider of inertial navigation solutions for the aerospace and defense industry [1] - The company utilizes advanced technologies such as Photonic Integrated Chip (PIC), Quartz MEMS, and Lithium Niobate chip-level technology to deliver high-quality products [3] - EMCORE has vertically-integrated manufacturing capabilities at its facilities located in Budd Lake, NJ, Concord, CA, and Tinley Park, IL, all of which maintain ISO 9001 quality management certification and AS9100 aerospace quality certification [3] Group 2: Board of Directors' Actions - The Board of Directors is evaluating various strategic and financial options to enhance shareholder value and is committed to acting in the best interests of all shareholders [2] - The Board will review Mobix's proposal in consultation with financial and legal advisors to determine the best course of action [2] - The company does not plan to provide further comments on potential transactions unless required by law or regulatory bodies [2]