|[January 03, 2013]
Advanced Photonix Announces Record Monthly Shipments in December
ANN ARBOR, Mich. --(Business Wire)--
Advanced Photonix (News - Alert)® (NYSE MKT: API), the leading supplier of terahertz
systems, announced today that it has built and shipped a record number
terahertz systems in December 2012. Of the four systems shipped, two of
the systems were part of a three system order previously announced for
the Japanese market. The other two systems were part of the Appleton
Paper strategic alliance, also announced earlier.
On August 1, 2012, Advanced Photonix® announced the sale of three
T-Gauge® systems to the Company's Japanese distributor for deployment on
a manufacturing line providing 100% inspection and quality control of
packaged products. This is the first industrial deployment of terahertz
in Japan. The T-Gauge® systems will inspect individual packages for
contaminates or anomalies in a powder. This high-speed application was
jointly developed by API and our distributor. The system will scan each
individual package in five seconds using both imaging and waveform
analysis to determine product quality.
On September 5, 2012, Advanced Photonix® announced a strategic alliance
and the sale of two systems to Appleton Paper, a specialty coating
developer and manufacturer of thermal, carbonless, security and
specialty papers. Appleton will utilize terahertz energy to perform
various critical measurements in order to provide inspection and quality
control of currnt and newly developed coated products. The ability of
terahertz energy to penetrate non-conducting materials allows for the
inspection of solid and liquid products that have already been packaged.
The wide frequency content and high precision of the T-Gauge® system
provides sensitivity to both physical and chemical changes. Measurement
of thickness, density, and certain material properties can be used to
monitor the quality of the manufactured product.
"I would like to congratulate the Terahertz manufacturing team for
building and shipping a record four systems in a single month,"
commented Richard Kurtz, Chief Executive Officer of Advanced Photonix.
"This milestone achievement is indicative of our team's ability to
accommodate growth expectations. As our work on the F-35 program is
expected to conclude in the coming quarters, we will continue our
transition from contract revenues to product revenues. We will always
explore government contract work opportunistically, but believe it will
become a smaller portion of our Terahertz revenue as our commercial
About Advanced Photonix, Inc.
Advanced Photonix, Inc.® (NYSE Amex: API) is a leading supplier with a
broad offering of optoelectronic products to a global customer base. We
provide optoelectronic solutions, high-speed optical receivers and
terahertz instrumentation for telecom, homeland security, military,
medical and industrial markets. With our patented technology and
state-of-the-art manufacturing we offer industry leading performance,
exceptional quality, and high value-added products to our OEM customer
base. For more information visit us on the web at 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
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