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Advanced Photonix Acquires Silonex, Cuts Costs

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ANN ARBOR, Mich., March 4, 2013 — Optoelectronic components supplier Advanced Photonix has acquired certain assets of Silonex Inc., a wholly owned subsidiary of Arcas Automotive Group, for $900,000 in cash. The acquisition is expected to bring in more than $4 million in annual revenue and generate positive earnings during the first full fiscal year ending March 31, 2014. Engineering and product development for the Silonex products will continue in Montreal, while production will be transitioned to an off-shore facility or to the operations of Advanced Photonix in Camarillo, Calif. "We are looking forward to...Read full article

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    Published: March 2013
    Glossary
    optoelectronics
    Optoelectronics is a branch of electronics that focuses on the study and application of devices and systems that use light and its interactions with different materials. The term "optoelectronics" is a combination of "optics" and "electronics," reflecting the interdisciplinary nature of this field. Optoelectronic devices convert electrical signals into optical signals or vice versa, making them crucial in various technologies. Some key components and applications of optoelectronics include: ...
    100G HSORAdvanced PhotonixAdvanced Photonix Canada Inc.AmericasArcas Automotive GroupBusinessCaliforniaCanadacost cutting programindustrialMichiganOpticsoptoelectronicsRick KurtzSilonex

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