Three more Michigan start-up companies received investment commitments in May, pushing the total investments made through the Michigan Pre-Seed Capital Fund to $5.4 million. To date, 25 Michigan companies have received critical seed funding through the Michigan Pre-Seed Capital Fund, a collaborative effort of Michigan’s 12 SmartZones.

“Support across the state for emerging businesses signals a [.. more ..]

Filed under: High Tech | No Comments »

ANN ARBOR, Mich., June 30, 2008 /PRNewswire-FirstCall via COMTEX News Network/ — Advanced Photonix, Inc.(R) (Amex: API) (the “Company”) today reported its fourth quarter and fiscal year 2008 results ended March 31, 2008.
The Company’s revenues were approximately flat for fiscal 2008, in line with revised third quarter guidance. Revenues were $23.2 million, a slight decrease [.. more ..]

Filed under: High Tech | No Comments »