Advanced Photonix, Inc. Awarded Contract for Tow Missile Program.Business Editors CAMARILLO, Calif.--(BUSINESS WIRE)--Feb. 3, 2000 Advanced Photonix, Inc.(R) (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :API), the leading developer and manufacturer of large area avalanche photodiodes (LAAPD), today announced that it has received a $500 thousand contract from DRS DRS Drives (street suffix) DRS Dispute Resolution Service DRS Doctorandus DRS Department of Rehabilitative Services DRS Direct Registration System (securities) DRS Department of Rehabilitation Services Optronics Optronics, or optoelectronics in its less abbreviated form, is the science and technology making use of optics and electronics. It is sometimes synonymous with photonics, however the latter has a lesser emphasis on electronics. , Inc.(DRS). DRS supplies missile tracking and imaging systems on a variety of TOW missile platforms. The Tube-launched, Optically tracked, Wire-guided missile A wire-guided missile is a missile guided by signals sent to it via thin wires reeled out during flight. This guidance system is most common for anti-tank missiles, where its ability to be used in areas of limited line-of-sight make it useful, while the range limit imposed by the was developed for the U.S. Army to defeat advances in the armor threat created by the advent of first and second generation Explosive Reactive Armor. Advanced Photonix supplies photodetector A device that senses light. It uses the principle of photoconductivity, which is exhibited in certain materials that change their electrical conductivity when exposed to light. See photoelectric, photocell and photodiode. assemblies used in the guidance systems of various modules of the TOW missile -- the Improved Target Acquisition System (ITAS ITAS Improved Target Acquisition System (US Army) ITAS Indigenous Tutorial Assistance Scheme (Australia) ITAS Inside the Actor's Studio (TV program) ), the Improved Bradley Acquisition System (IBAS) and the TOW Visual Module. Commenting on the award, Brock Koren, President and Chief Executive Officer of Advanced Photonix, said, &uot;This type of follow-on award demonstrates our engineering design and manufacturing capabilities for advanced sensors used in commercial and military aerospace programs. Advanced Photonix has enjoyed certified vendor status with DRS as well as other military prime contractors for a number of years. We continue to work with DRS to supply the next generation TOW missile systems.&uot; DRS Optronics is owned by DRS Technologies DRS Technologies, Inc. (commonly known as DRS; formerly known as Diagnostic/Retrieval Systems, Inc.) is a supplier of defense electronic products and systems to the United States Air Force, Army, Coast Guard, Marine Corps, Navy, aerospace and defense prime which provides leading edge products and services to government and commercial markets worldwide. 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 and DRS Technologies is available on the World Wide Web at www.advancedphotonix.com and www.drs.com. Information on the TOW Missile System can be found at: www.raytheon.com/rsc/dss/dpr/dpr_msys/dpr_towf.htm and at www.raytheon.com/rsc/dss/dpr/dpr_msys/dpr_tow.htm. The information contained herein includes forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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, 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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