Advanced Photonix makes advances with it's Terahertz applications the T-Gauge, F-35 product line, and moves it's anomaly detection system into non-airport market

My Note: On November 13th, 2012 Advanced Photonix held a conference call for listeners.
Here are some of the highlights:
The company announced that a record number of it's T-Gauge systems would be shipped in the 3rd Quarter for factory installation. COO Rob Risser indicated that API is beginning to get market traction in the industrial sensing sector with the early adopters of THz based sensing technology finding multiple uses for the T-Gauge. The company anticipates a steady growth of sales in the second half of the year.

CEO Rick Kurtz, indicated that the company is completing several F-35 contracts, (which appears to coincide with recent press about the delivery of the first F-35's to the Marines. http://www.sacbee.com/2012/11/20/5001044/lockheed-martin-delivers-three.html 
Rick also indicated that the goal is to fully commercialize the products which have been developed for use by API in the F-35 program for the companies domestic and international partners. 

Rob indicated that the companies anomaly detection system which it calls the Saf-T-Chek, has been evaluated by both the TSA, and In-Q-Tel, and was "well received". This month, the company is finalizing additional software improvements to the automated algorithm system, contained in the product, and anticipates that it will then be eligible to be placed on the intermodal transportation list, for use of the Saf-T-Chek, for a number of potential non-airport applications. It was interesting to hear that the company anticipates that FEMA will fund the development of this use. 

Use of the Saf-T-Chek, will requires a more rigorous qualification process before the product can be placed on the airport qualified equipment list, and is anticipated to be more than a year away. 

Overall, Rob expressed that the companies THz applications will be lower cost, and that the list of qualifed Value added resellers of the products continues to grow domestically and internationally, with an increasing sophistication in understanding how the companies THz applications are useful in  filling  a number of niche applications and markets.
 These of course, are my interpretations of what I heard listening to the conference call. Please listen for yourselves, to formulate your own understanding.