Saturday, March 7, 2015

Advanced Photonix and Luna Innovations Merger on Track for May

Advanced Photonix and Luna Innovations Incorporated now expect to complete their previously announced merger in May 2015, following regulatory filings and approvals of their respective boards of directors.

Advanced Photonix is a leading supplier of optoelectronic sensors, devices and instruments used by Test and Measurement, Process Control, Medical, Telecommunication and Defense markets. API has three product lines: High-Speed Optical Receiver (HSOR) products are used by the telecommunication market in both telecommunication equipment and in test and measurement equipment utilized in the manufacturing of telecommunication equipment. Optosolutions focuses on enabling manufacturers to measure physical properties, including temperature, particular counting, color, and fluorescence for Medical and Process Control applications. The Terahertz sensor product line is targeted at the industrial Process Control and quality control markets through nondestructive testing and can measure subsurface physical properties.

Luna Innovations is a research company based in Virginia that specializes in areas such as fiber optic testing, fiber optic shape sensing and strain an temperature sensing.