Advanced Photonix watches sales jump, hopes to hire
What might look, at first glance, like small steps is actually significant movement forward for Ann Arbor’s Advanced Photonix.The downtown-based firm recently reported a sales increase of 28 percent to nearly $30 million, creating a positive cash flow. It has also bumped its workforce to 170 people, evenly split between its offices in Ann Arbor and California. When we checked in earlier this year, the technology firm employed about 160 people.”This step is pretty big for us,” says says Richard Kurtz, CEO of Advanced Photonix. “We have been doing a lot of the blocking and tackling , consolidating and making long-term investments so we can better position ourselves.”The University of Michigan spin-off and its subsidairy, Picometrix, 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.Picometrix has also done work with NASA, which is also reupping with the company’s technology this year.Source: Richard Kurtz, CEO of Advanced PhotonixWriter: Jon Zemke
What might look, at first glance, like small steps is actually significant movement forward for Ann Arbor’s Advanced Photonix.
The downtown-based firm recently reported a sales increase of 28 percent to nearly $30 million, creating a positive cash flow. It has also bumped its workforce to 170 people, evenly split between its offices in Ann Arbor and California. When we checked in earlier this year, the technology firm employed about 160 people.
“This step is pretty big for us,” says says Richard Kurtz, CEO of Advanced Photonix. “We have been doing a lot of the blocking and tackling , consolidating and making long-term investments so we can better position ourselves.”
The University of Michigan spin-off and its subsidairy, Picometrix, 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.
Picometrix has also done work with NASA, which is also reupping with the company’s technology this year.
Source: Richard Kurtz, CEO of Advanced Photonix
Writer: Jon Zemke
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