Advanced Photonix, Inc. ® (NYSE Amex: API), announces today that it has shipped its T-Ray 4000 ® system to two companies in the Fortune 100. One customer is using the system to develop the quality control protocol to perform 100% final inspection of a packaged nutritional supplement product. The other customer is using the system to develop process and quality control protocols for inspection of its products. Both customers plan to deploy multiple systems on the manufacturing floor in the future.
The ability of terahertz energy to penetrate non-conducting materials enables non-destructive inspection of solid and liquid products after they have been packaged. The T-Ray 4000 ® provides sensitivity to both physical and chemical changes in the product. Measurements of thickness, density, and certain material properties can be used to monitor process and product quality. Although initial work on application feasibility is often performed at Picometrix, large customers and value-added resellers further develop their proprietary quality and process control solutions in their laboratory and pilot production facilities. Customers then deploy these quality control solutions on the manufacturing floor.
“Our customers are investing significant resources to deploy our T-Ray 4000 ® quality control systems in their manufacturing environment and these two customers are examples of our continued penetration in the industrial market,” said Robin Risser, COO of API. “Our industrially hardened T-Ray 4000 ® is ideally suited for the challenges of manufacturing quality control and provides a foundation to develop a robust, worldwide value-added reseller distribution channel to develop, deploy and service the end-user. We are working with a growing number of OEM’s to develop applications for future deployments on the manufacturing floor in partnership with our value-added reseller distribution channel.”
About Advanced Photonix, Inc.Advanced Photonix, Inc. ® (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 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
Check Out Our Best Services for Investors
Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Check Out Our Best Services for Investors
Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.