Advanced Photonix, Inc. Announces Multi-Year High-Speed Optical Receiver Agreement.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.(R) (AMEX AMEX See: American Stock Exchange : API) announced today that it has entered into a multi-year strategic agreement with a leading telecommunications equipment manufacturer located in central Europe for 10Gb/s and 40Gb/s high-speed optical receivers, with initial shipments valued at more than $1,000,000 over the next 12 months. API's line of 10Gb/s high-speed optical receivers are packaged in an industry standard small form factor (SFF (Small Form Factor) Refers to a device that is smaller than others in its field. For example, a miniature display on a cellphone is an SFF device because displays can be extremely large on monitors and TVs by comparison. See form factor. ) 17 pin package and come in either PIN or Avalanche Photodiode (APD APD atrial premature depolarization (see atrial premature complex, under complex ); pamidronate. ) semi-conductor structure. Both the OC192 (10Gb/s) and OC 768 (40Gb/s) products are Telcordia GR-468 qualified. API's suite of optical receivers is suitable for use in the telecommunication market for both transmission and test and measurement applications. Richard (Rick) 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 believe that upon introduction, our high-speed optical receiver products have quickly become the industry leaders in terms of performance standards. The multi-year agreement that we are announcing today is directly related to the superior performance of our products, and we believe is the beginning of a significant ramp-up of our high-speed optical receiver business. As this ramp-up progresses, we are looking forward to increasing design wins, expanding our customer base among other leading telecommunications equipment manufacturers, and aggressively growing our high-speed optical receiver revenues." 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 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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