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ANN ARBOR, Mich., Sep 19, 2007 (BUSINESS WIRE) --
Advanced Photonix, Inc.(R) (AMEX: API) announced today that it has received a purchase order worth approximately $1,000,000 for Light Emitting Diode (LED) Arrays used for night vision displays employed by the U.S. Military. The order is expected to ship within the next nine months.
The display was designed by Night Vision Labs located in Virginia, where extensive research and development of night vision and electronic sensor and sensor suite technology have evolved to the point where U.S. Forces can now see, control and assess a combat zone around the clock in all types of battlefield conditions. In addition to general surveillance, the US Military's Night Vision Electronic Sensors Directorate (NVESD) has proven to be successful in actual combat situations. It has been utilized in thousands of attacks launched by the Abrams tanks, Bradley fighting vehicles, Hummer vehicles and Apache attack helicopters.
In commenting on the order, Adam Tabakian, API's Director of Sales, said, "We are very pleased to have been awarded this contract as we have been working diligently to secure this business for the better part of two years. The contract expands our current customer base, and represents our continued growth in the military and defense business segment. Most importantly, it exemplifies API's total commitment to the needs of our military customers for high-reliability components necessary in the development and deployment of the sophisticated hardware essential to maintaining the US Military's superiority on the battlefield."
About Advanced Photonix, Inc.(R)
Advanced Photonix, Inc.(R) (AMEX: API) is a leading supplier of opto-electronic solutions and Terahertz instrumentation to a global OEM customer base. Products include the patented High speed optical receivers in APD and PIN configurations and silicon Large Area Avalanche Photodiode (LAAPD), PIN photodiode and FILTRODE(R) detectors. 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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