Advanced Photonix, Inc. Awarded $550,000 Contract for RAM Missile Program.

Business Editors

CAMARILLO, Calif.--(BUSINESS WIRE)--Aug. 23, 2000

Advanced Photonix, Inc. (ASE:API) today announced that it has received a $550,000 contract from Raytheon Company for the detector fuse used on the Rolling Airframe Missile (RAM).

The Rolling Airframe Missile (RAM) Guided Missile Weapon System is the world's most modern ship self-defense weapon, and has been specifically designed to provide exceptional protection for ships of all sizes. RAM is currently installed on, or planned for installation on, 83 U.S. Navy and 28 German Navy ships, and has been ordered by the Korean Navy.

RAM is a supersonic, light-weight, quick-reaction, fire-and-forget missile designed to destroy anti-ship missiles. Its autonomous dual-mode passive RF-to-IR guidance design, requiring no shipboard support after missile launch, uniquely provides high-firepower capability for engaging multiple threats simultaneously.

"This award demonstrates our engineering design and manufacturing capabilities for advanced sensors used in commercial and military aerospace programs," said Brock Koren, President and Chief Executive Officer of Advanced Photonix. "The RAM missile has been extremely reliable and successful and we look forward to follow-on orders and repeated sales for many years to come."

Advanced Photonix, Inc. is a high technology company which designs and manufactures silicon photodetectors, optoelectronic hybrid assemblies and proprietary solid state large area avalanche photodiodes. Information on Advanced Photonix is available on the World Wide Web at http://www.advancedphotonix.com . More information on the RAM system can be found at http://www.raytheon.com/es/esproducts/dssram/dssram.htm.