ANN ARBOR, Mich., July 9, 2013 /PRNewswire/ -- Advanced Photonix ® (NYSE MKT: API), the leading supplier of terahertz systems to industry, announces today that it has sold two new T-Gauge ® sensor systems. The first sale is a spare or backup system for an existing T-Gauge® system used in a critical manufacturing process overseas. The second system will be deployed on an industrial manufacturing line to provide 100% inspection of roofing materials for quality control. This inspection system is expected to be the first in a number of systems deployed to this customer.
The ability of terahertz energy to penetrate non-conducting materials allows inspection of solid and liquid products after packaging. The wide frequency content and high precision of the T-Gauge ® system provides sensitivity to both physical and chemical changes in the product. Measurement of thickness, density, and certain material properties can be used to monitor the quality of the product being produced.
"With the addition of more systems deployed internationally we are continuing to develop a strong global support network for our value-added resellers and customers. This new deployment to a roofing manufacturer expands our applications to a new customer in an existing market. We would like to thank our value-added reseller, Thermo Fisher Scientific, for their hard work in bringing in this new opportunity," said API CEO Richard Kurtz.About Advanced Photonix, Inc.Advanced Photonix, Inc. ® (NYSE MKT: 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. CONTACT: Torrey Hills Capital Jim Macdonald(858) 456-7300 firstname.lastname@example.org SOURCE Advanced Photonix, Inc.
Check Out Our Best Services for Investors
- $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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts