2014

Advanced Photonix, Inc. Announces Sale of T-Ray 5000 to China

ANN ARBOR, Mich., April 2, 2013 /PRNewswire/ -- Advanced Photonix® (NYSE MKT: API), the leading supplier of terahertz systems to industry, announced today that it has sold a T-Gauge® terahertz sensor to Shanghai Gaojing in Shanghai, China.  The system, equipped with a high-speed line scanner, will be integrated into a new security platform being developed as part of a major national program for security instrumentation.

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Shanghai Gaojing Radiography Technology Co., a major supplier of baggage inspection systems, has purchased the latest in industrial terahertz systems, the T-Gauge® terahertz sensor from API.  Terahertz has shown significant capability in detecting explosives, drugs, and other threats in packages or checked bags.  The T-Gauge® sensor was chosen because of its robust performance, its high-speed data acquisition, and its ease of integration.  The purchase was made with the assistance of the Terahertz Research Center of Tianjin University.  Both Shanghai Gaojing and Tianhin University are participating in a national program that is focused on integrating the terahertz system into a security scanner to detect explosives, drugs and other threats. This national program, with close to 40 participating research groups and $10 million in funding, has been formed to develop a new generation of security instruments that will be based on terahertz technology and be used to detect dangerous items such as drugs or explosives.  There is significant demand for this type of equipment in transportation, national security, pharmaceutical research, and generally to safeguard the public.  Tianjin will perform the research portion of the investigation, and Shanghai Gaojing will supply the systems integration.  The T-Gauge® was purchased through SkyRay OE, API's distributor in China.  

"We are excited to be able to represent API in bringing the latest in terahertz technology to the Chinese market.  API is known for supplying the best in terahertz products for industry and research," said Runxuan Wang, of SkyRay OE.

The T-Gauge® terahertz sensor is the second product in the next generation T-Ray 5000 product platform.  The first product, the Saf-T-Chek ADS®, is focused on the security market, and is meant for non-imaging detection of anomalies concealed under headgear or clothing.  The T-Gauge® sensor, designed for online process control, can be used for imaging, as well as gauging, applications.  When coupled with the high-speed line scanner, the T-Gauge® provides imaging capability that exceeds all other pulsed terahertz products.

"This sale represents the first step in what we expect to be a strengthening of our marketing and sales efforts into the Chinese market.  We are focused on building our product sales, into the industrial process control market and the homeland security market worldwide," said Richard Kurtz, CEO of API.

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

Contact:
Torrey Hills Capital
(858) 456-7300
Clay Chase
cc@sdthc.com
Jim Macdonald
jm@sdthc.com  

SOURCE Advanced Photonix, Inc.



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