Sunday, January 13, 2013

Advanced Photonix (API), provides corporate update



My Note: I attach a link to  Advanced Photonix, corporate update from November, 2012.  It has some interesting information regarding the growing commercial application for Terahertz that API is tapping into. I have tried to link the PDF file here, but for some reason, I can't get it loaded. 
However, I can link to the Investors Village post, which contains the PDF, which readers here can then access. 
http://www.investorvillage.com/smbd.asp?mb=4804&mn=19952&pt=msg&mid=12436820

Some highlights of the update in regard to THz, at API:
API is in it's 5th generation THz system, employing the T-Gauge in 2010, which is targeted at Industrial Process Control. API has invested over $30 million dollars in THz research & development over 11 years with more than 35 patents and patents pending. The T-Gauge system allows for continuous manufacturing applications, and is currently being used on factory floors where paper, plastics, shingles, flat roofs and walkways are being manufactured, and where tight process control is essential.
The T-Gauge is also replacing conventional nuclear gauges. It notes it current customers are Fortune 500 companies. (The following is my best effort to convey the "flavor" of some aspects of the update using pictures either I was able to recapture from earlier PDF's or which were sent to me, by a fellow API investor, who shall remain anonymous, but goes by the moniker of   bucktailjig05. Please review the actual update, as this is just a crude effort to give readers a sense about it.                                      




The update also notes that the Quality and Process Control Market for Terahert, has a Total Addressable Market (TAM),  growing to 100 million dollars with API focusing on the following areas:
-Aerospace (TAM growing to $20 million) with work on the 
     -F-35 QC (potential 15 systems)
          -Coating measurements- Stealth coating                               
          -Step and gap measurements
Industrial Process Control (TAM growing to $80 million dollars)
     -Continuous manufacturing (TAM growing to $50M)
            -Nuclear gauge replacement
            -Multiple measurements for process control
     -Automotivve (TAM 10M)
             -Fuel Tank thickness measurements
     -Paper (TAM $10M) 
     -Package product inspection (TAM $10M)
           -Pharmaceuticals, consumer goods

Security (TAM growing to $80M)
     -Baggage/package screening
     -Personnel screening

The update also notes that API has established a worldwide distribution system using Value Added Resellers-VARs
It concludes by noting that commercial acceptance of the anomaly detection system, has Homerun potential in the security market. (This product is named the Saf-T-Chek)

No comments: