Advanced Photonix, Inc. Receives Commitment For 100G From Major Customer

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Jan 12, 2015, 11:32 ET

ANN ARBOR, Mich., Jan. 12, 2015 /PRNewswire/ -- Picometrix^®, LLC, an Advanced Photonix® company (NYSE MKT: API), announced today that it has successfully completed its annual negotiations to supply high-speed optical receivers to a leading OEM telecom systems customer. The company estimates 2015 annual revenue from these negotiations will be between $3 and $4 million.

The 2015 commitment includes the full suite of Picometrix's industry leading 100G coherent receiver products , including the CR-100D with integrated variable optical attenuator (VOA), designed for 100G long haul communications in dense wavelength division multiplexing (DWDM) systems which utilize DP-QPSK and DP-BPSK modulation. The innovative CR-100D receiver increases dynamic range and improves optical signal-to-noise ratio (OSNR) performance. The company's 100G receivers operate over the entire extended C and L band wavelengths and can be used in "colorless" coherent networks that enable service providers to better manage network capacity. Colorless capabilities allow communication equipment to utilize any wavelength for any port at the add/drop site. This allows for faster data throughput and lower costs per bit transport, both of which are big concerns for the industry.

"We are pleased to have successfully concluded our annual negotiation with an important tier 1 customer to supply our industry leading 100G products," said Robin (Rob) Risser, COO of API and General Manager of Picometrix. "We have a strong relationship and close collaboration with this strategic customer and are looking forward to supporting the growth in their long haul and metro 100G product platforms. The market for upgrading the long haul and metro networks from 10G to 100G coherent equipment is entering its growth stage as full motion video and social media continue to place demands for increased bandwidth on the network infrastructure. We are well positioned to participate in this growth with our current and next generation 100G product offerings."

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 Receivers (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: [email protected]

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SOURCE Advanced Photonix, Inc.