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Latest Advanced Photonix Inc. Stories

2014-09-15 08:21:08

ANN ARBOR, Mich., Sept. 15, 2014 /PRNewswire/ -- Advanced Photonix, Inc.(®) (NYSE MKT: API) announced today that it has received a contract worth approximately $1,600,000 from a leading military contractor, which acts as a prime supplier for the U.S. Navy's Guided Missile Weapon System. The contract is for a custom photodiode and is expected to be completed within the next 18 months, and payment is due upon shipment. http://photos.prnewswire.com/prnvar/20130304/LA69982LOGO The...

2014-09-03 12:36:40

ANN ARBOR, Mich., Sept. 3, 2014 /PRNewswire/ -- Advanced Photonix, Inc.(®) (NYSE MKT: API) will participate in the 3(rd) Annual Liolios Gateway Conference in California this month. The conference is September 4, 2014 at the Palace Hotel in San Francisco, California. API's COO, Robin Risser, is scheduled to present on Thursday, September 4 at 3:00 p.m PDT. http://photos.prnewswire.com/prnvar/20130304/LA69982LOGO This prestigious annual conference provides institutions, portfolio...

2014-08-11 16:31:55

Company Reiterates Guidance of 20% Growth in Revenues for 2015 ANN ARBOR, Mich., Aug. 11, 2014 /PRNewswire/ -- For over 26 years Advanced Photonix(®) (NYSE MKT: API) (the Company, we, us or our), has been a leading supplier of opto-electronic sensors, devices and instrumentation used by the Test and Measurement, Process Control, Medical, Telecommunication and Homeland Security markets, today reported revenue growth and positive EBITDA for the first fiscal quarter of 2015....

2014-07-30 16:30:20

ANN ARBOR, Mich., July 30, 2014 /PRNewswire/ -- Advanced Photonix(®) (NYSE MKT: API) will announce its FY2015 first quarter (ending June 27, 2014) financial results on Monday, August 11, 2014. A press release announcing the financial results will be released after the close of the market and the Company will host a live audio web broadcast to discuss the results at 4:30 p.m. EDT on the same day. http://photos.prnewswire.com/prnvar/20130304/LA69982LOGO Participating in the call will...

2014-07-17 08:33:20

ANN ARBOR, Mich., July 17, 2014 /PRNewswire/ -- Advanced Photonix(®) (NYSE MKT: API) announced that it has received over $400,000 in orders from our value added resellers for multiple T-Gauge(®) online terahertz (THz) sensor systems in three different market segments; extruded plastics, carpet, and paper. The company expects these initial design wins will lead to multiple system sales in each market segment over the next several years. The T-Gauge(®) system, manufactured by...

2014-06-30 16:29:29

ANN ARBOR, Mich., June 30, 2014 /PRNewswire/ -- Advanced Photonix, Inc.(®) (NYSE MKT: API) (the "Company") today reported results for the fourth quarter and year ended March 31, 2014. http://photos.prnewswire.com/prnvar/20130304/LA69982LOGO Financial Highlights for the Fourth Quarter and Fiscal Year Ended March 31, 2014 -- Net sales for the quarter were $7.0 million, an increase of $1.0 million or 16% from the fourth quarter ended March 31, 2014. Sequentially, revenues...

2014-06-27 12:29:18

ANN ARBOR, Mich., June 27, 2014 /PRNewswire/ -- Advanced Photonix(®) (NYSE MKT: API) announced that it has been awarded an advanced development contract for Phase II Terahertz Imaging for Detection of Corrosion and Defects Under Hull Coatings. The contract from the Naval Undersea Warfare Center (NUWC) is valued at approximately $1,000,000 (including all options) for further development of a high-speed imaging system for the detection of corrosion under marine coatings....

2014-06-24 08:39:23

ANN ARBOR, Mich., June 24, 2014 /PRNewswire/ -- Advanced Photonix, Inc.(®) (NYSE MKT: API) announced today that the Company has amended its lending agreements with Silicon Valley Bank (SVB) and Partners for Growth (PFG) given the successful firm underwriting by B. Riley of 6.2 million shares of our Class A Common Stock for net proceeds of approximately $2.9 million. http://photos.prnewswire.com/prnvar/20130304/LA69982LOGO Under the terms of the amendment, SVB agreed to extend the...

2014-06-05 16:31:38

ANN ARBOR, Mich., June 5, 2014 /PRNewswire/ -- Advanced Photonix(®) (NYSE MKT: API), a leading supplier of optoelectronic sensors, devices, and instruments to industry, announced today that it will host a conference call Wednesday June 11, 2014 at 4:30 PM ET giving a business update. The purpose of the call will be to provide an update and outlook for the business. http://photos.prnewswire.com/prnvar/20130304/LA69982LOGO Conference CallParticipating in the call will be Richard...

2014-05-30 08:27:25

ANN ARBOR, Mich., May 30, 2014 /PRNewswire/ -- Advanced Photonix, Inc.(®) (NYSE MKT: API) announced today that it priced an underwritten public offering of 5,391,304 shares of its Class A Common Stock at a public offering of $0.53 a share. Additionally, the Company has granted the underwriter an option exercisable for a 30-day period to the purchase up to an additional 808,696 shares of Class A Common Stock on the same terms and conditions. The Company plans to use the approximately...


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According to the OED, a grass-comber is also 'a sailor's term for one who has been a farm-labourer.'