The tech firm specializes in making optimum electronic semiconductor sensors. These sensors are used by a wide variety of fields, ranging from homeland security's search for WMDs to eye scanners for the healthcare industry. Meanwhile, Picometrix focuses on making sensors for the telecommunications industry, one of the firm's most promising new sectors.

API's sensors are on the high-end of the technology pyramid, making them more expensive and more profitable. The firm's revenue has grown about 25 to 30 percent this year alone and is aiming for $30 million in revenue. Their profitability is expected to grow even higher.