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TheStreet Open House

Advanced Photonix, Inc. Receives $5.9 Million Telecom 100G Commitment

Picometrix ®, LLC, an Advanced Photonix ® company (NYSE MKT: API), announced today that it has secured a $5.9 million commitment for calendar year 2013 for its industry leading 100 gigabit per second (Gb/s or G) and 40G high-speed optical receivers from a leading telecommunications network equipment customer. The annual commitment is estimated at more than $5.2 million for the Company’s industry leading 100G family of coherent receivers for DP-QPSK modulation and $760K for the company’s 40G receivers for DPSK modulation, both of which are used in long-haul dense wavelength division multiplexing (DWDM) systems. Shipments are expected to begin in the Company’s 4 th quarter of FY2013.

The state of the art CR-100A 100G optical receiver utilizes the company’s patented photodiode arrays, an optical photonic integrated circuit (PIC), and high-speed linear amplifiers to deliver industry leading performance. The product comes in the industry standard CCRx™ Multisource Agreement (MSA) form factor, is consistent with OIF, and supports data rates up to 128 Gb/s. The CR-100A exemplifies the company’s continued technology leadership in high-speed optical receivers (HSOR) for telecom applications. Picometrix offers the industry’s most complete line of 100G and 40G HSOR solutions for both client-side and line-side equipment.

“We are pleased to have received a substantial increase in commitment for 2013 from our lead customer, further solidifying our industry leading position in 100G coherent receivers. This further validates our success in developing optical receivers that support our network equipment customers’ deployment of next generation optical networks to global telecom service providers," said Robin Risser, COO of API. "This agreement demonstrates that 100G coherent network deployment is in the early growth stage as service providers continue to selectively spend on capacity expansion, despite a weak macro-economic environment, to accommodate traffic growth driven by video, mobile video, the proliferation of network-attached devices, and social networking applications that are enabling consumers to access bandwidth-intensive content anytime and anywhere over fixed and wireless networks. We believe that 100G networks are in the very early stage of deployment and we are committed to developing and supplying state of the art and products to support this fast growing market.”

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