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SOURCE Advanced Photonix, Inc.
ANN ARBOR, Mich., Feb. 6, 2014 /PRNewswire/ -- Picometrix®, LLC, an Advanced Photonix® company (NYSE MKT: API), announced today that it has been chosen by a leading China provider of telecommunications equipment and networks solutions to supply the CR-100D for their 100G optical transport network equipment. Initial orders total close to $500K with potential revenue of over $2M for the next fiscal year.
"This is part of the much anticipated 'China Hockey Stick' that is expected to be the world's largest 100G backbone deployment to date," commented Robin (Rob) Risser, General Manager of Picometrix and COO and Director of API. "This 100G DP-QPSK design win with a major tier 1 China based telecom OEM is a validation that our efforts to penetrate the China OEM market are beginning to bear fruit and further enhances our position as a leading supplier in the rapidly growing 100G markets. The 100G markets are in the early adoption phase, and are expected to grow rapidly over the next five years to become the dominant modulation format deployed in the long haul and metro markets in order to support the wireless and wire-line bandwidth demands of high definition video and audio."
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 access 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: Torrey Hills Capital
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