Advanced Photonix, Inc. Announces $1.2 Million Large Area Avalanche Photodiode (LAAPD) Contract.ANN ARBOR, Mich. -- Advanced Photonix, Inc.(R) (AMEX AMEX See: American Stock Exchange : API) announced today that it has entered into a $1.2 million contract with a leading medical manufacturer located in Europe for its patented Large Area Avalanche Photo Diode (LAAPD) cooled detectors. It is expected that shipments will commence and be completed within the next 12 months. API's patented LAAPD detectors are ideal for low light level detection. In addition to high quantum efficiency, large active area, internal gain, excellent spatial uniformity and mechanical ruggedness, the availability of integral cooling enables excellent performance stability. API's enabling technology has proven to be ideal for this medical application which requires low light level detection. API's LAAPDs incorporate several proprietary and patented technologies, including special passivation passivation the final stage in instrument manufacture, passing the finished instruments through a bath of nitric acid which removes foreign particles and promotes the formation of a protective coating of chromium oxide. of the beveled bev·el n. 1. The angle or inclination of a line or surface that meets another at any angle but 90°. 2. Two rules joined together as adjustable arms used to measure or draw angles of any size or to fix a surface at an angle. edge architecture and the use of neutron transmutated silicon. This type of silicon is characterized by excellent doping doping, in electronics: see semiconductor. Altering the electrical conductivity of a semiconductor material, such as silicon, by chemically combining it with foreign elements. uniformity and a low number of lattice defects. Richard Kurtz, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of API, stated, "We are continuing to win business in the medical market with our high performance products. This is just one example of the opportunities we have in developing products for cutting edge applications. With our innovative technology and manufacturing capabilities, our goal is to become a leader in the Hi-Reliability market space." About Advanced Photonix, Inc. Advanced Photonix, Inc.(R) (AMEX: API) is a leading supplier of opto-electronic solutions and Terahertz ter·a·hertz n. Abbr. THz One trillion (1012) hertz. Noun 1. terahertz - one trillion periods per second THz instrumentation to a global OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and customer base. Products include the patented High speed optical receivers in APD APD atrial premature depolarization (see atrial premature complex, under complex ); pamidronate. 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 and telecommunication products. |
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