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Tuesday, January 20, 2015
OT-Advanced Photonix Announces 3 million dollar 100G Orders From Asian Customer
ANN ARBOR, Mich., Jan. 20, 2015 /PRNewswire/ -- Picometrix®, LLC, an Advanced Photonix® company (NYSE MKT: API), announced today that it has successfully completed its semi-annual negotiations to supply high-speed 100G coherent optical receivers, the CR-100D, to a leading Asian based OEM telecom systems customer. The company estimates revenue of approximately $3 million during the first 6 months of FY 2016 and has received the first month's order of approximately $500K.
"We are seeing growing demand for our 100G coherent receivers from our Asian customers as they accelerate deployment of 100G in the long haul and metro markets," commented Robin (Rob) Risser, General Manager of Picometrix and COO of API. "We are pleased to enter FY2016 with substantial momentum in our 100G coherent optical receiver platform given our recent successful negotiations with two of our leading customers, one in Asian and the other in Europe. This positions us well for revenue growth in our 100G coherent optical receiver products for FY16."
With patented technology, the CR-100D provides uncompromising sensitivity, which plays a role in reducing total system costs. The CR-100D is just one of an industry leading suite of high-speed optical receivers that Picometrix provides to cover every modulation scheme for telecommunication systems. The Company's product offering includes 10G, 40G and 100G client-side and line-side optical receivers targeted at the long-haul and metro markets, and 2.5G and 10G avalanche photodiodes targeted at the high volume enterprise and fiber-to-the-home (FTTx) markets.
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 Receiver (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.