|Exchange:||American Stock Exchange|
|Stock:||Advanced Photonix Inc.|
|Advanced Photonix, Inc., was incorporated under the laws of the State of Delaware in June 1988. The Company is engaged in the development and manufacture of optoelectronic devices and value-added sub-systems and systems. The Company serves a variety of global Original Equipment Manufacturers in five main markets. It is a supplier of optoelectronic semiconductors packaged into high-speed optical receivers, custom optoelectronic subsystems and Terahertz instrumentation, serving a variety of global OEMs. Its patented high-speed optical receivers include Avalanche Photodiodetechnology and PIN photodiode technology based upon III-V materials, including InP, InAlAs, and GaAs. Its optoelectronic subsystems are based on its silicon Large Area Avalanche Photodiode, PIN photodiode, FILTRODE® detectors and LED assemblies. Its Terahertz sensor product line is targeted at the industrial, homeland security and military markets. Using its patented fiber coupled technology and high speed Terahertz generation and detection sensors, it are engaged in transferring Terahertz technology from the laboratory to the factory floor for use in non-destructive testing and real time quality control. It support the customer from the initial concept and design of the semiconductor, hybridization of support electronics, packaging and signal conditioning or processing from prototype through full-scale production and validation testing. The target markets served by it are Industrial Sensing/NDT, Military/Aerospace, Telecom, Medical and Homeland Security. The Company competes with different companies in each of its three major product platforms: custom optoelectronic, high-speed optical receiver and THz systems. The Company’s competitors for sales of custom optoelectronic products are small and medium size private companies and medium size public companies such as First Sensor, Excelitas, a division of Illinois Tool Works, and a division of OSI Systems. In the high-speed optical receiver market, certain product lines compete against some mix of the following competitors; JDS Uniphase, Neophotonix, U2T, a division of Fujitsu and several other smaller companies. The Company is subject to governmental regulations for the protection of the environment, including those relating to air and water quality, solid and hazardous waste handling, and the promotion of occupational safety.|
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