Advanced Photonix, Inc. Amends Its Credit Facility With The PrivateBank and Trust Company
“The amendment to our credit facility provides greater financial flexibility which, among other things, will allow us to pursue our corporate objectives and growth strategy,” commented
About Advanced Photonix, Inc.
Advanced Photonix, Inc.(R) (NYSE Amex: API) is a leading supplier of optoelectronic semiconductor components and subsystems and terahertz instrumentation to a global OEM customer base. Products include patented indium gallium arsenide (InGaAs) and silicon (Si) based APD, PIN, and FILTRODE(R) photodetectors; high-speed optical receivers; and terahertz instrumentation. More information on Advanced Photonix can be found at http://www.advancedphotonix.com.
The information contained herein includes forward looking statements that are based on assumptions that management believes to be reasonable but are subject to inherent uncertainties and risks including, but not limited to, unforeseen technological obstacles which may prevent or slow the development and/or manufacture of new products; potential problems with the integration of the acquired company and its technology and possible inability to achieve expected synergies; obstacles to successfully combining product offerings and lack of customer acceptance of such offerings; limited (or slower than anticipated) customer acceptance of new products which have been and are being developed by the Company; and a decline in the general demand for optoelectronic products.
Contact: Richard Kurtz, Advanced Photonix, Inc. (734) 864-5600 Cameron Donahue, Hayden IR (651) 653-1854; firstname.lastname@example.org
SOURCE Advanced Photonix, Inc.