Message #7 From:
NewsBot Date: August 23, 2006 06:00:00 AM
API News Advanced Photonix, Inc.(R) Begins Volume Shipment of High Speed Optical Receivers to Major OEM
ANNARBOR, Mich.--(BUSINESS WIRE)--Aug. 23, 2006--Advanced Photonix, Inc. (R) (AMEX: API) announced today that it has begun volume shipments of its 10Gb/s APD high speed optical receivers (HSOR) to a major European System OEM. This new OEM customer has made commitments to purchase more than $1 million of our 10Gb/s APD HSOR over the next 12 months. These receivers have been designed for use on three different product platforms that the OEM sells into telecommunications metro core and metro access markets.
API's new line of 10Gb/s High Speed optical Receivers are packaged in the smallest industry standard SFF 17-pin package and come in either PIN or Avalanche Photodiode (APD) configuration. The Company's OC-192 (10Gb/s) products meet Telcordia GR-468 standards and are designed for use in Telecommunication and Test & Measurement markets.
Richard (Rick) Kurtz Chairman and CEO of API stated: "We are pleased to be selected by this European System OEM as a supplier for their 10Gb/s product lines. Our new products are being recognized for their superior performance and sensitivity, lowest profile standard package, industry leading stability over a wide operating temperature range, and lower voltage operating requirements. We look forward to a long and mutually beneficial partnership with this global system OEM."
About Advanced Photonix, Inc.
Advanced Photonix, Inc.(R) (ASE: API) is a leading supplier of opto-electronic solutions and Terahertz instrumentation to a global OEM customer base. Products include the patented High speed optical receivers in APD and PIN configurations and silicon Large Area Avalanche Photodiode (LAAPD), PIN photodiode and FILTRODE(R) detectors. 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.
