Advanced Photonix Announces Phase III T-Ray 4000 System Sale

Advanced Photonix (NYSE: API) today announced that the Naval Undersea Warfare Center purchased a T-Ray 4000® from its wholly-owned subsidiary, Picometrix, LLC, to be used for research and testing applications that support their mission.

The purchase was made via a Phase III contract which is a continuation from prior SBIR contracts. A Phase III contract gives preference to companies involved in related development previously funded under the SBIR program.