Advanced Photonix Receives Contract for THz Paint Thickness Measuring System
Advanced Photonix, Inc.® (NYSE: API), today announces that it has received a contract from Concurrent Technologies Corporation (CTC) for delivery of a terahertz (THz) system to support the U.S. Air Force's need for accurate coating removal on aircraft. The contract is valued at over $300K and will culminate with the delivery of the Company's new T-Gauge® system and a sensor specific to the application in the Company's second quarter of this fiscal year.
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