Advanced Photonix, Inc. Announces New Distribution 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 (Application Programming Interface) A language and message format used by an application program to communicate with the operating system or some other control program such as a database management system (DBMS) or communications protocol. ), announced today that it has reached an agreement with Digi-Key Corporation (www.digikey.com) to act as a world-wide distributor for the Optosolutions standard product line. In making the announcement, Adam Tabakian, Director of Sales for API's Optosolutions Product Platform, stated, "We are pleased to have the opportunity to utilize Digi-Key as a distributor for our standard product line. We expect this channel to complement our existing marketing segments, and increase sales through broader distribution around the world. Also, we believe that our direct link to Digi-Key's web site will provide convenient e-commerce transactions as customers coming to our web site may now order directly through Digi-Key with a simple click of a button." "Our partnership with Digi-Key represents an opportunity for Advanced Photonix to increase sales to a variety of different business segments through Digi-Key's established electronic distribution via the internet, and also through their traditional catalog business. We look forward to this opportunity to partner with a leader in the world-wide distribution of electronic components," said Chip Forrest, General Manager of API's Optosolutions Products Platform. About Advanced Photonix, Inc. Advanced Photonix, Inc.(R) (AMEX: API) is a leading supplier of optoelectronic 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, silicon large area avalanche photodiodes Avalanche photodiodes (APDs) are photodetectors that can be regarded as the semiconductor analog to photomultipliers. By applying a high reverse bias voltage (typically 100-200 V in silicon), APDs show an internal current gain effect (around 100) due to impact ionization (avalanche (LAAPD), PIN photodiodes and FILTRODE(R) detectors. More information on Advanced Photonix can be found at http://www.advancedphotonix.com. About Digi-Key Corporation Digi-Key Corporation(R) was established in 1972 and is headquartered in Thief River The Thief River is a tributary of the Red Lake River in northwestern Minnesota in the United States. Via the Red Lake River, the Red River of the North, Lake Winnipeg and the Nelson River, it is part of the watershed of Hudson Bay. Falls, MN. Digi-Key is one of the fastest-growing electronic component distributors in the World. More information regarding Digi-Key can be found at http://www.digikey.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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