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FOR IMMEDIATE RELEASE — ANN ARBOR, MICH. – American Broach & Machine Company will establish a new research and development center in the Ann Arbor region. Today, the company received a Michigan Economic Growth Authority (MEGA) tax credit totaling $572,782 to help encourage the expansion. “American Broach & Machine Company is focused on quality processes and investing in manufacturing capability in order to make the world’s highest quality internal spline broach cutting tools for gears
Continue reading: American Broach & Machine Company to Expand in Ann Arbor Area
ANN ARBOR, Mich.–(BUSINESS WIRE)– 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 1,200,000 shares of its Class A Common Stock at a purchase price of $1.97 a share, less an underwriting discount of $0.1182 a share.
The shares of common stock are being sold pursuant to the Company’s registration statement on Form S-3 (File No. 333-171390), which was
Continue reading: Advanced Photonix, Inc. Completes Its Shelf Offering with a $2.4 Million Underwriting
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 months
Continue reading: Advanced Photonix Announces a Design Win With Leading OEM Telecom Systems Provider
ANN ARBOR, Mich.—A next-generation nano-mechanical engineering lab complex at the University of Michigan will enable researchers to study the forces at work at the smallest scales and to advance nano-technologies in energy, manufacturing, healthcare and biotechnology.
The Center of Excellence in Nano Mechanical Science and Engineering is a $46 million facility made possible in part by a $9.5 million grant from the National Institute of Standards and Technology, announced today. The three-story complex will include 60
Continue reading: New $46-million Labs to Enable Research of Mechanical Engineering and Nanotechnology
FOR IMMEDIATE RELEASE – SEPTEMBER 29, 2010 – ANN ARBOR, MICH. – Adaptive Materials was recently awarded the $1.5 million Phase II option of their existing Defense Advanced Research Projects Agency (DARPA) contract to provide 50‐watt solid oxide fuel cells to the U.S. Army. Total DARPA funding for both Phases I and II totals $2.5 million. Specifically, Adaptive Materials would deliver portable power for use by soldiers in the field via fuel cells powered by
Continue reading: Adaptive Materials Wins $1.5M Contract Option for 50-Watt Army Fuel Cells
New Facility in Livonia, Mich. Significantly Expands A123’s Production Capabilities to Meet Increasing Global Demand; Company Expects to Create Thousands of Jobs in Michigan
LIVONIA, Mich., Sept. 13, 2010 (GLOBE NEWSWIRE) — A123 Systems (Nasdaq:AONE), a developer and manufacturer of advanced Nanophosphate™ lithium ion batteries and systems, today announced the grand opening of the largest lithium ion automotive battery production facility in North America, based on available data. The new plant in Livonia, Mich. is expected
Continue reading: A123 Systems Opens Largest Lithium Ion Automotive Battery Manufacturing Plant
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