http://finance.yahoo.com/news/advanced-photonix-inc-receives-contract-130400564.html
Advanced Photonix, Inc.® (NYSE Amex: API), today announces that it has received a contract from Concurrent Technologies Corporation (CTC) for delivery of a terahertz (THz) system to support the U.S. Air Force’s need for accurate coating removal on aircraft. The contract is valued at over $300K and will culminate with the delivery of the Company’s new T-Gauge® system and a sensor specific to the application in the Company’s second quarter of this fiscal year.
CTC is an applied scientific research and development services organization that has been contracted by the Air Force to develop a robot mounted laser ablation scanner capable of removing partial or entire paint layers from the surface of an aircraft. Paint removal from aircraft and aircraft parts is a very labor intensive task for the Air Force that requires a very accurate thickness measurement of the various layers. The API T-Gauge® system, coupled with a high-speed line scanner will be an integral part of the laser removal process. The API THz system will scan the surface and develop a three-dimensional map that will feedback to the robotic motion control and accurately move the laser for proper paint removal.
“Our API T-Gauge® system is an ideal complement to the laser paint removal system and will reduce costs and process time, as well as improve the consistency and quality, of the paint removal,” says Robin Risser, COO for API. “We have been a pioneer in utilizing terahertz to accurately and quickly measure layer thicknesses that require the unique properties of our THz product platform and are gaining traction utilizing this capability in the military and aerospace markets. We believe this unique thickness measuring capability will also be useful for industrial markets. This design win represents yet another step in our march toward widespread market deployment of our world leading THz product platform.”
Advanced Photonix has participated in a number of contracts to measure the thickness of low observable coatings in the paint booth, on aircraft panels, and on the fully constructed plane. After a short feasibility study, CTC has amended the contract to include a high speed scanning system to provide accurate measurement of the pre-ablation coating. The commercial availability of the T-Gauge® system allowed CTC to accelerate completion of their contract and significantly reduced the development risk that was initially envisioned.
Richard (Rick) Kurtz, Chairman and CEO of API, states, “This purchase is further confirmation that the T-Gauge® measurement system can operate in harsh conditions and provide critical information to reduce cost in the manufacture, assembly and maintenance of our nation’s aircraft.”
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
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