Advanced Photonix Inc. Announces $333,000 Follow-On Order for Use in Medical Diagnostic Application.Business Editors CAMARILLO, Calif.--(BUSINESS WIRE)--March 29, 2001 Advanced Photonix Inc.(R) (AMEX AMEX See: American Stock Exchange :API), a leading supplier of innovative, silicon-based electro-optical products and technology solutions to a worldwide 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, today announced that it has booked another follow-on production order of $333,000 from The Roche Group for optoelectronic assemblies used in a fluid analysis system. Including the new order, total sales to Roche during the past 12 months amount to more than $530,000. The custom hybrid 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 is used in Roche's Miditron(R) urinalysis urinalysis (y  r'ənăl`ĭsĭs), clinical examination of urine for the purpose of medical diagnosis. system. The Miditron(R) is a semiautomated sem·i·au·to·mat·ed adj. Partially automated. urine test strip analyzer and is the first and only instrument to account for the various examination methods known in urinalysis, to link the data obtained without peripheral PC equipment and to edit a user-defined total result (urine profile). Commenting on the order, API's president and chief executive officer, Brock Koren, said: "We have been working with Roche for over four years now, and are extremely pleased that they have continued to utilize our assemblies in their product. "Our extended relationship is testimony of API's ability to enter new market segments and remain competitive without compromising product quality or reliability. We value long-term opportunities such as this and look forward to establishing similar relationships with other OEM customers in the near future." The order was taken by API's German distributor, AMS AMS - Andrew Message System Technologies GmbH (http://www.ams.de). The Roche Group is one of the world's leading research-based health-care groups active in the discovery, development and manufacture of pharmaceuticals and diagnostic systems. Additional information on The Roche Group can be found at http://labsystems.roche.com/. Advanced Photonix Inc.(R) is a leading supplier of innovative, silicon-based electro-optical products and design solutions to a global OEM customer base. Products include the patented Large Area 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 (LAAPD) and FILTRODE(R) detectors, as well as PIN photodiodes. More information on Advanced Photonix can be found at http://www.advancedphotonix.com. 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 that may prevent or slow the development and/or manufacture of new products, limited (or slower-than-anticipated) customer acceptance of new products that have been and are being developed by the company, and a decline in the general demand for optoelectronic products. |
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