Advanced Photonix, Inc. Awarded Telecom Undersea Contract Valued at Over $700,000
02 December 2009 - 12:30AM
PR Newswire (US)
ANN ARBOR, Mich., Dec. 1 /PRNewswire-FirstCall/ -- Picometrix, LLC,
an Advanced Photonix company (NYSE Amex: API), announced today that
it has been selected to supply high-speed optical receivers (HSOR)
to a leading submarine networks systems provider. The annual
commitment is scheduled to be over $700,000 with volume shipments
starting in the company's FY2010 fourth quarter. Oceans cover over
70% of the planet and submarine networks act as data highways
linking continents together for global communications. These
receivers have been designed with extended bandwidth capability for
advanced ultra long haul undersea telecommunications, which
requires greater than 12.5 Gbps with RZ-DPSK modulation and Forward
Error Correction (FEC) to provide longer distance capability
without dispersion issues. The Company's full line of high
performance 10 Gbps High-Speed Optical Receivers are packaged in
industry standard and custom packages and come in either PIN or
Avalanche Photodiode (APD) configuration. Richard (Rick) Kurtz,
Chairman and CEO of API, stated: "We are excited to continue
achieving new design wins in the downturned global economy. Being
selected by this global undersea system OEM as a supplier for their
advanced products is a testament to the superior performance and
exceptional quality of our products. We are working toward
additional design wins with this global OEM and anticipate a long
and mutually beneficial partnership." About Advanced Photonix, Inc.
Advanced Photonix, Inc. (R) (NYSE Amex: API) is a leading supplier
with a broad offering of optoelectronic products to a global
customer base. We provide optoelectronic solutions, high-speed
optical receivers and terahertz instrumentation for telecom,
homeland security, military, medical and industrial markets. With
our patented technology and state-of-the-art manufacturing we offer
industry leading performance, exceptional quality, and high value
added products to our OEM customer base. For more information visit
us on the 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 which may prevent or
slow the development and/or manufacture of new products; potential
problems with the integration of the acquired company and its
technology and possible inability to achieve expected synergies;
obstacles to successfully combining product offerings and lack of
customer acceptance of such offerings; 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. API-G Contact: Richard
Kurtz, Advanced Photonix, Inc. (734) 864-5600 Cameron Donahue,
Hayden IR (651) 653-1854; DATASOURCE: Advanced Photonix, Inc.
CONTACT: Richard Kurtz of Advanced Photonix, Inc., +1-734-864-5600;
or Cameron Donahue of Hayden IR, +1-651-653-1854; , for Advanced
Photonix, Inc. Web Site: http://www.advancedphotonix.com/
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