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ANN ARBOR, Mich., Aug 08, 2007 (BUSINESS WIRE) --
Advanced Photonix, Inc.(R) (AMEX: API) announced today a new design win to supply 10 Gb/s high-speed optical receivers (HSOR) to a leading telecom system OEM. The initial commitment to purchase is for approximately $700,000 for volume shipments over a six month period, beginning immediately. These receivers have been designed for advanced telecommunications.
The Company's newest industry standard small form factor (SFF) 17-pin packaged PIN receiver, the PT-15SFA, is targeted at applications that require greater bandwidth in order to provide the overhead for Forward Error Correction (FEC) algorithms necessary for long distance transmission. The Company's line of industry leading 10 Gb/s High-Speed Optical Receivers come packaged in industry standard and custom packages and are available in either PIN or Avalanche Photodiode (APD) configuration.
Richard (Rick) Kurtz Chairman and CEO of API stated: "We are pleased to be selected by this telecom system OEM as a supplier for their advanced products. This represents another example of our ability to provide advanced products that have superior performance and exceptional quality. We look forward to a long and mutually beneficial partnership with this OEM."
About Advanced Photonix, Inc.
Advanced Photonix, Inc.(R) (AMEX: API) is a leading supplier of optoelectronic semiconductor components and subsystems and terahertz instrumentation to a global OEM customer base. Products include the patented InGaAs high-speed optical receivers in APD and PIN configurations and silicon PIN, large area APD and FILTRODE(R) detector configurations. More information on Advanced Photonix can be found 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.
SOURCE: Advanced Photonix, Inc.
Advanced Photonix, Inc. Richard Kurtz, 734-864-5600 or Cameron Associates Richard Moyer, 212-554-5466
Copyright Business Wire 2007
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