Latest Advanced Photonix Inc. Stories
ANN ARBOR, Mich., March 4, 2013 /PRNewswire/ -- Advanced Photonix(®) (NYSE MKT: API), a leading supplier of Optoelectronic components, sub-systems and systems to industry, announced today that it has acquired certain assets of Silonex, Inc. Silonex, Inc. is/was a wholly owned subsidiary of ARCAS Automotive Group (Luxco 1) S.a.r.l. , in exchange for a cash payment of $900,000. (Logo: http://photos.prnewswire.com/prnh/20130304/LA69982LOGO) The Silonex acquisition is expected to bring...
ANN ARBOR, Mich., Feb. 2, 2011 /PRNewswire/ -- Advanced Photonix, Inc.® (NYSE Amex: API) will announce its FY2011 third quarter (ending January 1st, 2011) financial results on Monday, February 14, 2011. The company will host a conference call at 4:30pm ET. Participating in the call will be Richard Kurtz, Chairman and CEO, and Rob Risser, CFO. A question and answer period will take place at the end of the discussion. A press release announcing the financial results will be released...
ANN ARBOR, Mich., Jan. 31, 2011 /PRNewswire/ -- Advanced Photonix, Inc.® (NYSE Amex: API), announced today that its subsidiary Picometrix® will supply its industry leading 40 gigabit per second (Gb/s) high-speed optical receiver, the BR-40D, for long haul communications to a leading China OEM telecom systems provider that is a key supplier to the rapidly growing BRIC markets (Brazil, Russia, India and China). This initial purchase commitment that will be delivered over the next 3...
ANN ARBOR, Mich., Jan. 10, 2011 /PRNewswire/ -- Advanced Photonix, Inc.® (NYSE Amex: API) announced today that its terahertz system, the T-Ray 4000®, will be deployed on a factory line for quality and process control at a major manufacturer of extruded web products. This ground breaking advancement in terahertz deployment is the first in a number of industrial applications under development to help manufacturers improve their process control while using a non-contact sensor that has...
ANN ARBOR, Mich., Jan. 6, 2011 /PRNewswire/ -- Advanced Photonix, Inc. (NYSE-Amex: API) announced today that it entered into an underwriting agreement with B. Riley & Co., LLC, providing for the sale of 2,702,703 shares of its Class A Common Stock at a purchase price of $1.48 a share, less an underwriting discount of $0.089 a share. The underwriting agreement includes an overallotment option exercisable for a 30-day period for the purchase of up to an additional 405,405 shares of Class...
ANN ARBOR, Mich., Jan. 4, 2011 /PRNewswire/ -- Advanced Photonix, Inc.® (NYSE Amex: API) (the "Company"), announced today that the Company's President and Chief Executive Officer, Richard Kurtz, and Chief Financial Officer, Robin Risser will present at the Needham & Company 13th Annual Growth Conference on Thursday, January 13, 2011 at 3:30 PM ET at the New York Palace Hotel, New York City. Recognized as the largest and best-known growth conference on Wall Street, over 1,500...
ANN ARBOR, Mich., Nov. 17, 2010 /PRNewswire/ -- Advanced Photonix, Inc. ® (NYSE Amex: API), announced today that a leading OEM telecom systems provider selected API's subsidiary Picometrix®, LLC to supply its industry leading 100 gigabit per second (Gb/s) high-speed optical receiver, the CR-100A, for long haul communications. The annual commitment is estimated at more than $5.3 million with volume shipments beginning in the company's fiscal 4th quarter starting January 2011. Along...
ANN ARBOR, Mich., Nov. 15, 2010 /PRNewswire-FirstCall/ -- Advanced Photonix, Inc.® (NYSE Amex: API) (the "Company"), a leading vertically integrated optoelectronic semiconductor manufacturer of optoelectronic solutions, high-speed optical receivers and terahertz instrumentation, announced today that its second quarter 2011 revenue increased by 29% and EBITDA improved by $675,000 compared to the prior year's second quarter results. "The second quarter continued to fuel our strong return...
ANN ARBOR, Mich., Nov. 11, 2010 /PRNewswire/ -- Advanced Photonix, Inc.® (NYSE Amex: API) announced today that the Department of Homeland Security (DHS) awarded API's subsidiary, Picometrix, LLC a Phase I Small Business Innovation Research (SBIR) contract. The $100,000, six month contract is designed to demonstrate the feasibility of integrating a hand-held time-domain terahertz (TD-THz) inspection wand with other sensor technologies to create a multi-sensor based approach for detection...
ANN ARBOR, Mich., Nov. 5, 2010 /PRNewswire/ -- Advanced Photonix (API) today announced an agreement in principle with In-Q-Tel (IQT) to engineer a low cost terahertz anomaly detection device, and deliver multiple systems for evaluation. IQT, a not-for-profit, strategic investment firm that works on behalf of the U.S. Intelligence Community, is focused on identifying new and emerging commercial technologies that have the potential to give its customer agencies mission-advantage today and in...
