Velocity One and EMCORE: A New Force in Aerospace and Defense

Velocity One, a newly formed aerospace manufacturing holding company, has signed a merger agreement with EMCORE Corporation (Nasdaq: EMKR), a leading provider of inertial navigation solutions to the aerospace and defense industry. This strategic move creates a compelling new player in the market, with the potential to drive meaningful growth at scale. Velocity One's acquisition of EMCORE, along with Cartridge Actuated Devices (CAD) and Aerosphere Power, brings together industry leaders with a combined 150+ years of experience, enabling the new entity to capture new opportunities and strengthen its market position.

EMCORE's highly engineered proprietary products, such as inertial navigation solutions, will be key to driving the platform's overall success. Velocity One's acquisition of EMCORE, along with CAD and Aerosphere Power, creates synergies by combining complementary technologies. EMCORE's Photonic Integrated Chip (PIC), Quartz MEMS, and Lithium Niobate chip-level technology will integrate seamlessly with Velocity One's energetic devices and power system solutions, enabling the new entity to offer comprehensive, end-to-end solutions for aerospace and defense customers.

The combined entity's shared customer base and complementary product offerings enhance its competitive position in the aerospace and defense industry. Velocity One's acquisition of EMCORE, along with CAD and Aerosphere Power, brings together industry leaders with a combined 150+ years of experience. This strategic combination enables the new entity to capture new opportunities, strengthen its market position, and expand its shared customer base. By leveraging EMCORE's highly engineered proprietary products, Velocity One can drive the platform's overall success.

Charlesbank Capital Partners, a private investment firm with more than $22 billion of total assets, is backing the merger. This investment will support the growth and optimization of EMCORE, CAD, and Aerosphere Power's businesses under the Velocity One platform. With Charlesbank's backing, Velocity One can align and optimize the businesses of EMCORE, CAD, and Aerosphere Power, focusing on their collective core philosophies. This strategic combination will allow Velocity One to capture new opportunities, strengthen its market position, and expand its shared customer base.



The merger of Velocity One and EMCORE (EMKR) presents an opportunity for significant cost savings and operational efficiencies. By combining EMCORE's highly engineered proprietary products with Velocity One's industry expertise and shared customer portfolio, the new entity can drive growth and improve overall performance. EMCORE's Photonic Integrated Chip (PIC), Quartz MEMS, and Lithium Niobate chip-level technology can enhance Velocity One's existing businesses, such as Cartridge Actuated Devices and Aerosphere Power, by enabling state-of-the-art component and system-level products. This integration can lead to synergies across high-priority U.S. and NATO defense programs and industrial partners served by all three companies. With Charlesbank's investment backing the merger, Velocity One can align and optimize the businesses of EMCORE, CAD, and Aerosphere Power, focusing on collective core philosophies and driving meaningful growth at scale.



In conclusion, the merger of Velocity One and EMCORE (EMKR) creates a powerful synergy by combining complementary technologies. The new entity's shared customer base and complementary product offerings enhance its competitive position in the aerospace and defense industry. With Charlesbank's investment backing the merger, Velocity One can drive meaningful growth at scale, capturing new opportunities and strengthening its market position. The integration of EMCORE's technology with Velocity One's existing businesses presents an opportunity for significant cost savings and operational efficiencies, ultimately benefiting the combined company's customer base.