Advanced Photonix, Inc. Announces Entry into China Terahertz Research Market.ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich. -- Advanced Photonix, Inc. (AMEX AMEX See: American Stock Exchange :API) today announced that the Picometrix T-Ray[TM] 2000 has been chosen by Tsinghua University History Tsinghua University was established in Beijing in 1911 on the site of a former royal garden belonging to a prince, and was funded by an indemnity which , Beijing, China, to be the focal point focal point n. See focus. of their investigations into the applications of terahertz ter·a·hertz n. Abbr. THz One trillion (1012) hertz. Noun 1. terahertz - one trillion periods per second THz technology. Picometrix, an API company, has received a purchase order from Tsinghua University that is expected to be shipped within 2 months. In addition to the purchase of the system, Picometrix has entered into an agreement that permits its use of the university's terahertz application development lab for customer demonstrations. The T-Ray[TM] 2000 is a laboratory instrument that produces, detects and analyzes ultrashort pulses of terahertz waves used for research and development of novel imaging and spectroscopy applications in the industrial non-destructive testing, homeland security, and defense markets. Application development is the critical first step in the adoption and widespread deployment of terahertz equipment on the factory floor and in the field. The system's patented fiber coupling permits automated or manual scanning of the sensor heads over the objects being scanned. This permits the rapid imaging of any size object, greatly improves research productivity, allows the system to operate in ruggedized environments, and eliminates the need to fit the object into specialized fixtures in order to be scanned. The industry leading signal to noise ratio of the T-Ray[TM] platform allows even thick samples to be scanned rapidly. To date terahertz application development has been focused on detecting concealed weapons and explosives for eventual use in the homeland security market and for determining uniformity of coating thickness, performing weight and water measurements, and identifying hidden defects to insure product uniformity for eventual use in the quality control non-destructive testing market. Tsinghua University, known as the "M.I.T. of China," was established in 1911, and has 13 schools, 26,000 students and 2,800 faculty members. With a reputation for excellence in Science and Engineering, Tsinghua produces many of China's top scientists, engineers, and business leaders. "We are excited to be working with top researchers in China. Their selection of the T-Ray[TM] 2000 as the instrument of choice for terahertz research and application development in a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process confirms the industry leading features and versatility of the T-Ray[TM] product line," said Richard Kurtz, 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. About Advanced Photonix, Inc. Advanced Photonix, Inc.([R]) (AMEX:API) is a leading supplier of opto-electronic solutions and Terahertz 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 A light sensor (photodetector) that allows current to flow in one direction from one side to the other when it absorbs photons (light). The more light, the more the current. Used to detect light pulses in optical fibers and other light-sensitive applications, it works the opposite of a 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. |
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