Advanced Photonix Announces Follow On 100G Orders

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May 19, 2014, 08:06 ET

ANN ARBOR, Mich., May 19, 2014 /PRNewswire/ -- Picometrix^®, LLC, an Advanced Photonix® company (NYSE MKT: API), announced today that it has received follow on orders from a leading China provider of telecommunications equipment and networks solutions to supply the CR-100D for their 100G optical transport network equipment. These orders total approximately $700K to be delivered over the next three months.

"This is a continuation of growing demand from our China based telecom OEM customer with demand on track to exceed our original estimate of $2M over the current fiscal year," commented Robin (Rob) Risser, General Manager of Picometrix and COO of API. "We are seeing wide spread customer deployment of 100G in the long haul and metro markets and are significantly increasing our capacity to support our customers growing demand."

With patented technology, the CR-100D provides uncompromising sensitivity, which plays a role in reducing total system costs. The CR-100D is just one of an industry-leading suite of high-speed optical receivers that Picometrix provides to cover every modulation scheme for telecommunication systems. The Company's product offering includes 10G, 40G and 100G client-side and line-side optical receivers targeted at the long-haul and metro markets, and photodiodes targeted at the high volume enterprise and fiber-to-the-home (FTTx) markets.

About Advanced Photonix, Inc.
Advanced Photonix, Inc.^® (NYSE MKT: API) is a leading supplier of optoelectronic sensors, devices and instruments used by Test and Measurement, Process Control, Medical, Telecommunication and Homeland Security markets. The company has three product lines: Optosolutions focuses on enabling manufacturers to measure physical properties, including temperature, particular counting, color, and fluorescence for Medical, Homeland Security and Process Control applications. The Terahertz sensor product line is targeted to the Process Control, to enable quality control, and Security markets through nondestructive testing. The T-Gauge^® sensor can measure subsurface physical properties, like multi-layers thicknesses, density, moisture content, anomaly detection and some chemical features, online and in real time. High-Speed Optical Receiver (HSOR) products are used by the telecommunication market in both telecommunication equipment and in test and measurement equipment utilized in the manufacturing of telecommunication equipment. For more information visit us on the web at 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.

CONTACT: [email protected]

RELATED LINKS: http://www.advancedphotonix.com

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SOURCE Advanced Photonix, Inc.