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.
CONTACT: ir@advancedphotonix.com
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SOURCE Advanced Photonix, Inc.