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ANN ARBOR, Mich., Jan 23, 2009 /PRNewswire-FirstCall via COMTEX News Network/ — 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
Continue reading: Advanced Photonix, Inc. Announces New Terahertz Contracts
ANN ARBOR, Mich., Jan 05, 2009 /PRNewswire-FirstCall via COMTEX News Network/ — Picometrix, LLC, an Advanced Photonix, Inc. company (NYSE Alternext US: API), announced that it signed a multi-year agreement with an industry leading optical subsystem manufacturer to supply 40 Gbps optical receiver components to be incorporated into subsystems which are installed in next generation telecommunication networks. The first year of the agreement is expected to result in annual revenues in excess of $1 million
Continue reading: Advanced Photonix, Inc. Signs a Multi-Year Supply Agreement
ANN ARBOR, Mich., Dec 23, 2008 /PRNewswire-FirstCall via COMTEX News Network/ — Advanced Photonix, Inc.(R) (NYSE Alternext US: API) announced today that its subsidiary, Picometrix, LLC, has been selected to received a Phase II SBIR contract from NASA and a Phase I SBIR contract from the Air Force for nondestructive testing (NDT) application development utilizing the T-Ray(TM) 4000. Combined the contracts total $700,000
The NASA Phase II project is for developing a computed tomography terahertz (CT-THz)
Continue reading: Advanced Photonix, Inc. Announces New Terahertz Development Contracts
ANN ARBOR, Mich., Dec 08, 2008 /PRNewswire-FirstCall via COMTEX News Network/ –
Advanced Photonix, Inc.(R) (NYSE Alternext US: API) announced that the highly rated CBS network show CSI: Miami will feature the T-Ray(TM) 4000 terahertz system in an episode to air on Monday, December 15, 2008. The T-Ray(TM) 4000 is the 4th generation terahertz system developed by Picometrix, an API company, and is the most advanced instrument capable of tapping into the new world of terahertz
Continue reading: CBS Show, CSI: Miami, to Feature Advanced Photonix Technology
ANN ARBOR, Mich., Sept 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ — Advanced Photonix, Inc. (Amex: API) today announced that it has established a new credit facility with The PrivateBank and Trust Company, headquartered in Chicago, IL. As part of this new banking relationship, the Company has repaid the short term note and line of credit previously held by Fifth Third Bankcorp Trust. The new credit facility is comprised of a four year term note
Continue reading: Advanced Photonix, Inc. Announces New Banking Relationship and an Increase in Credit Facility
Recoord Quarterly Revenues of $7.8 million, up 47% sequentially; EPS Improves to $.01 GAAP and $.04 Non-GAAP per diluted share
ANN ARBOR, Mich., Aug 11, 2008 /PRNewswire-FirstCall via COMTEX News Network/ — Advanced Photonix, Inc.(R) (Amex: API) (the “Company”) today reported its first quarter fiscal 2009 results ending June 27, 2008.
Financial Highlights for the First Quarter Ended June 27, 2008
— Net sales for the quarter were $7.8 million, an increase of $2.5 million, or 47%,
Continue reading: Advanced Photonix, Inc. Reports First Quarter Fiscal 2009 Results
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