ANN ARBOR, Mich.--(BUSINESS WIRE)--Advanced Photonix, Inc.® (NYSE Amex: API) today announced that the Naval Undersea Warfare Center (NUWC) purchased a T-Ray 4000® from its wholly-owned subsidiary, Picometrix, LLC, to be used for research and testing applications that support their mission. The purchase was made via a Phase III contract which is a continuation from prior SBIR contracts. A Phase III contract gives preference to companies involved in related development previously funded under the SBIR program.
The NUWC is a shore command of the U.S. Navy within the Naval Sea Systems Command Warfare Center Enterprise. NUWC engineers, builds and supports America’s Fleet of ships and combat systems. It is the Navy’s premier research, development, test and evaluation, engineering, and Fleet support center for submarine warfare systems and other systems associated with the undersea battlespace. NUWC activities include the test and evaluation of submarines, autonomous underwater systems, as well as offensive and defensive weapon systems associated with undersea warfare and related areas of homeland security and national defense.
“We are honored to work with NUWC and pleased that T-Ray 4000® will be used to support their mission in the defense of our country. This represents yet another sale into the research market and has the potential to lead to future sales for quality and process control applications,” said Richard Kurtz, CEO of API. “This sale utilized a Phase III contract, which is not only a fast and simplified government procurement tool, but also permits us to be sole sourced. Our long history of SBIR contracts favorably positions us for future government sales of our terahertz systems using the Phase III contracting vehicle.”
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