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Advanced Photonix Acquires Texas Optoelectronics
Jan 2003
CAMARILLO, Calif., Jan. 20 -- Advanced Photonix Inc. has acquired the outstanding capital stock of Texas Optoelectronics Inc. (TOI) for 1,000,000 shares of API's common stock and retirement of outstanding debt of $1,200,000.

Advanced Photonix Inc. is a supplier of silicon-based electro-optical products and design solutions to OEM customers. Its products include a large-area avalanche photodiode, FILTRODE detectors and PIN photodiodes.

TOI, based in Garland, Texas, is a privately owned developer and manufacturer of optoelectronic components and assemblies. The company is also a military supplier for custom displays, assemblies, training devices and detectors for laser munitions and a developer of medical systems, laboratory instrumentation, security, commercial and industrial automation.

Paul Ludwig, API's COO, said, "Our goal is to increase the manufacturing and process capability within the company; the TOI acquisition helps to accomplish that goal by increasing our capabilities for supplying higher-end assemblies and subsystems to a variety of optoelectronic markets."

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The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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