Picometrix Wins 40G Deal

ANN ARBOR, Mich. -- Picometrix, LLC, an Advanced Photonix Company (NYSE Amex: API), announced that it signed an agreement with an industry leading manufacturer of optical subsystems. Picometrix will supply 40G balanced optical receivers to be incorporated into the customer's next generation transponders to support long-haul telecommunication networks. As part of Picometrix's increasing market share in line-side 40G optical receivers, the company expects annual revenues from this agreement in excess of $1 million in the current fiscal year (FY2010).

Under the agreement, Picometrix will supply line-side DQPSK optical receivers. These products utilize Picometrix's industry leading, patented photodiode, amplifier and component packaging technologies to supply the highest performance and most compact products on the market today. The Company's optical receivers will be incorporated into the customer's 40G transponders, which in turn will be deployed throughout the networks of telecommunication service providers.

"Even in these challenging economic times, the demand for bandwidth is still increasing at a rapid rate driven by bandwidth intensive video applications, such as IP-HDTV," says Robin Risser, president and general manager of Picometrix. "These video applications require the next-generation of high bandwidth infrastructure to effectively deliver these services to locations across the globe and Advanced Photonix, through its Picometrix subsidiary, is an industry leader in providing state-of-the-art optical receivers for these applications. This is a win-win relationship with a key customer and we look forward to supporting them with our current industry leading 40G line-side receivers."

Picometrix Inc.