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Advanced Photonix, Inc. Signs Agreement with Value Added Reseller

Dépèche transmise le 12 mars 2012 par Business Wire

Advanced Photonix, Inc. Signs Agreement with Value Added Reseller

ANN ARBOR, Mich.--(BUSINESS WIRE)--Advanced Photonix, Inc.^® (NYSE Amex: API) today announced that it has signed a value-added reseller (VAR) agreement for its T-Gauge™ industrial terahertz gauging system with Thermo Fisher Scientific for its line of Thermo Scientific web and metal gauges.

The T-Gauge™ measurement system can be used for on-line or off-line measurements for quality assurance and process control of web based and converting industries. API is developing a VAR partner network to enable T-Gauge™ industrial process control solutions for continuous web, discrete manufacturing and anomaly defect inspection applications. The company plans to develop a VAR network which will serve vertical markets where VARs have unique subject matter expertise. VAR partners are trained to sell, install and support API T-Gauge™ measurement products. Each VAR will have an in house application development T-Gauge system to perform feasibility studies and develop new market applications for non-contact measuring of physical properties such as; multiple layer thickness measurements, density, contamination by foreign substances, sub-surface defects within a product and moisture analysis. The technology is very adaptable to different sensor configurations, including robotic controls, to support many different applications. The resulting innovative gauge will help manufacturers to improve quality and reduce costs.

Richard Kurtz, President and CEO commented, “API is developing and building a VAR partner network and we are pleased to have established this relationship with Thermo Fisher Scientific, which has a long history of investing in new technologies for non-destructive measurement for manufacturing process control, including the introduction of the first beta gauge for basis weight measurements. Thermo Fisher provides a global presence with world class customer support and market knowledge, which we believe will lead to more rapid market adoption of our terahertz T-Gauge™ platform.”

Douglas Wright, Global Commercial Manager for Gauging at Thermo Fisher Scientific added, “We are delighted about this new relationship with Advanced Photonix. Their new sensor technology compliments our Thermo Scientific measurement and control product portfolio to address a wider range of web and metal coating applications. It supports our company strategy to meet customers’ requirements for new and more advanced instruments and process solutions.”

API will be exhibiting at The International Plastics Showcase, NPE, the largest plastics exposition in the Western Hemisphere, in Orlando, Florida from April 1-5, 2012.

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