Advanced Photonix Inc. Reports First Quarter FY 2001 Results.

Business Editors

CAMARILLO, Calif.--(BUSINESS WIRE)--Aug. 9, 2000

Advanced Photonix Inc.(R)(AMEX:API), the leading developer and manufacturer of large area avalanche photodiodes (LAAPD), today reported its first quarter FY 2001 results.

Revenues for the three months ended June 25, 2000, were $1.7 million, or 9% higher than the $1.5 million reported in the prior year. The company reported net income of $194,000 or $.02 per share for the three months compared with a net loss of $(155,000) or $(.01) per share for the same period in the previous year.

In announcing the results, Brock Koren, President and Chief Executive Officer of Advanced Photonix, said, "This year's first quarter sales proved to be much better than the first quarter of last year and I am particularly pleased with the increase in revenues from our patented LAAPD products, which accounted for $180,000 or 11% of net product sales this quarter, as opposed to only 9% in the same quarter last year. We believe this is evidence of the growing acceptance of our new technology in the marketplace and expect continued revenue growth from both our core products and our LAAPD line over the course of the current fiscal year."

Advanced Photonix Inc. is a high technology company that 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.

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 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.

                        Advanced Photonix Inc.
                         Financial Highlights

(000 except share data)                         Three Months Ended
                                                June 25,    June 27,
                                                 2000         1999

Net Product Sales                             $ 1,662      $ 1,520
Gross Profit Margin On Net Product
  Shipments                                     $ 701        $ 486
Percent to Net Product Shipments                   42%          32%
Net Profit (Loss)                               $ 194       $ (155)
Basic Net Income (Loss) Per Share (a)           $ .02       $ (.01)
Weighted Avg. Number of Shares
  Outstanding                              12,167,000   10,917,000

(a) The impact of dilutive shares is immaterial.