Advanced Photonix, Inc. Announces New Terahertz Contracts
January 23 2009 - 9:54AM
PR Newswire (US)
ANN ARBOR, Mich., Jan. 23 /PRNewswire-FirstCall/ -- Advanced
Photonix, Inc.(R) (NYSE Alternext US: API) announced today that its
subsidiary, Picometrix, LLC, has received two new terahertz (THz)
contracts from the Air Force totaling $850,000. The largest
contract is a $750,000 Phase II STTR contract for development of a
higher power terahertz transmitter for surface and gas spectroscopy
applications that could be utilized with the T-Ray(TM) 4000 system.
The $100,000 Phase I SBIR contract is for development of
semiconductor material capable of increasing terahertz power. If
successful, the Phase II contract will extend the T-Ray(TM) 4000
bandwidth from 4 THz to >5 THz and significantly increase the
power in these higher frequencies. The increased bandwidth will
expand the market for the T-Ray(TM) 4000 to include surface and gas
spectroscopy analytical applications. The Phase I contract is a
feasibility study to further develop the company's proprietary
III-V semiconductors in order to increase the THz generating power
across all frequencies tenfold. If successful, increased THz power
could significantly expand applications for NDT markets. "Terahertz
continues to show significant promise for solving many quality
control needs, and we continue to be in a leading position,
providing real system solutions for industrial applications with
our T-Ray(TM) 4000 product platform," commented Richard (Rick)
Kurtz, CEO of API. About Advanced Photonix, Inc. Advanced Photonix,
Inc.(R) (NYSE Alternext US: API) is a leading supplier of
optoelectronic semiconductor components and subsystems and
terahertz instrumentation to a global OEM customer base. Products
include the patented InGaAs high-speed optical receivers in APD and
PIN configurations and silicon PIN, large area APD and FILTRODE(R)
detector configurations. 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 Richard Moyer, Cameron
Associates (212) 554-5466 DATASOURCE: Advanced Photonix, Inc.
CONTACT: Richard Kurtz, Advanced Photonix, Inc., +1-734-864-5600;
or Richard Moyer, Cameron Associates, +1-212-554-5466 Web Site:
http://www.advancedphotonix.com/
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