ANN ARBOR, Mich., March 26, 2014 /PRNewswire/ -- Advanced Photonix®(NYSE MKT: API), the leading supplier of terahertz systems, is pleased to announce that a European supplier of process control equipment has placed a volume purchase order for the T-Gauge® terahertz product platform. The systems will provide critical thickness measurement in a scanning configuration for process control.
The T-Gauge® terahertz system allows non-contact measurement of multilayer thicknesses in a package designed for industrial deployment. This multi-system order by a major player in the process control market confirms the increasing acceptance of terahertz as a superior gauging alternative and solidifies the position of Advanced Photonix® as the leader in industrial terahertz deployment.
The volume order, three units to be delivered over the next few months, is an immediate follow-on to the system that was purchased by the same company for application development in the first quarter of this calendar year. The speed of evaluation and ease of integration of the T-Gauge® product into the customer's software and measurement platform is testament to the logical way in which the T-Gauge® is constructed. The additional units will be used as reference systems at key customer accounts.
"We are pleased to see the pay-off for the hard work that our team has put into this product, and see this sale as the beginning of a mutually beneficial relationship with this customer. We are looking forward to the coming fiscal year and will focus on our high growth opportunities across our product platforms," said Richard Kurtz, CEO of API.
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.