Advanced Photonix, Inc. Engages Trudeau and Trudeau Associates, Inc. as Its Investment Advisors.Business Editors CAMARILLO, Calif.--(BUSINESS WIRE)--March 22, 2004 Advanced Photonix, Inc.(R) (AMEX AMEX See: American Stock Exchange :API) today announced that it is working with the investment banking firm of Trudeau and Trudeau Associates, Inc. (T&T) in evaluating various acquisition candidates with a view toward maximizing shareholder value and continuing the strategic growth initiative the Company initiated with the acquisitions of Texas Optoelectronics, Inc. and Silicon Sensors LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . API is seeking to acquire companies in key segments of the optoelectronic industry. 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. , stated, "As we continue our buy-and-build strategy we recognize the need for advisory support of our corporate development and merger and acquisition program. T&T's experience in the semiconductor and optoelectronics industries will help our team achieve the aggressive growth goals we have set for the future." James (Jay) Moran, Vice President of Trudeau and Trudeau Associates, Inc., said, "We believe the API team is well suited to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the current market environment and the challenges of an acquisition growth strategy within API's market segment. The API strategy is to bring together a group of companies that will expand the Company's product offering and build a significant market presence in this highly fragmented segment of the industry. We welcome the opportunity to collaborate with the API team." About Advanced Photonix, Inc.: Advanced Photonix, Inc. is engaged in the development and manufacture of custom optoelectronic solutions, serving a variety of global original equipment manufacturer (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 ) markets. While the Company specializes in silicon-based custom 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 assemblies, its product families range from custom light detection assemblies, including its Avalanche Photodiode 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 technology, to light emitting diode See LED. assemblies. The Company is based in Camarillo, Calif., and is traded on the AMEX under the symbol API. About Trudeau and Trudeau Associates, Inc.: Trudeau and Trudeau Associates, Inc., located on the South Shore of Boston, Mass., is a full service M&A firm that provides merger and acquisition, recapitalizations, corporate finance and strategic consulting services to middle-market corporations, private equity groups and corporate clients. Specializing in many different industries such as the semiconductor, telecommunications, and plastics industries, T&T has developed a proven method for guiding clients through the merger and acquisition process. |
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