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SOURCE Advanced Photonix, Inc.
ANN ARBOR, Mich., June 27, 2014 /PRNewswire/ -- Advanced Photonix® (NYSE MKT: API) announced that it has been awarded an advanced development contract for Phase II Terahertz Imaging for Detection of Corrosion and Defects Under Hull Coatings. The contract from the Naval Undersea Warfare Center (NUWC) is valued at approximately $1,000,000 (including all options) for further development of a high-speed imaging system for the detection of corrosion under marine coatings.
Successful completion of the Phase I proof of concept has lead to this award of a Phase II contract to develop a prototype suitable for evaluation. The terahertz imaging system will be designed for in-situ defect detection of commonly used ship hull coatings and rapid, non-destructive detection of corrosion, hull coating delamination, and hull surface gouges recessed into the hull metal through still-attached hull coatings. The prototype will be evaluated on submarine hulls or representative structures. It is expected, that this effort will be followed by preparation of a Phase III development plan to transition the technology into a system that can be deployed by the Navy.
Richard Kurtz, President and CEO of Advanced Photonix, stated, "This is another example of our long and continuing partnership with the Department of Defense. In keeping with their tradition of accelerating the adoption of advanced non-destructive testing technologies, NUWC has invested with us since 2003 to develop terahertz solutions for various applications. The high-speed imaging system developed under this contract will allow the Navy to save maintenance costs in its dockside operations."
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.
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