Advanced Photonix, Inc. Hires National Sales Account Manager for Terahertz Product Platform
March 09 2010 - 8:45AM
PR Newswire (US)
ANN ARBOR, Mich., March 9 /PRNewswire-FirstCall/ -- Advanced
Photonix, Inc. (R) (NYSE Amex: API) announced today that it has
hired John J. Riccardi, who has more than 25 years of national and
international experience in capital equipment technology sales, for
the new position of National Sales Account Manager for its
Terahertz product platform, effective March 1, 2010. Most recently
Mr. Riccardi has been Director of Global Business Development and
North American Sales Director for ISRA Vision AG, a euro 60 million
global machine vision technology company based in Germany. Prior to
that he was Manager, Global Business Development at NDC Infrared
Engineering, a $60 million global operating unit of Spectris PLC,
London, which specializes in physics-based, online sensors used to
manufacture hygienic and medical non-wovens, plastics, packaging,
pharmaceuticals and foods. Between 1998 and 2005, Mr. Riccardi held
a variety of management, business development and product
development marketing positions at Cognex Corporation in their
Surface Inspection Systems Division. He also spent 15 years in a
variety of sales and management positions in the Industrial Systems
Division of Measurex Corporation. "John is a highly experienced and
effective business development and sales manager with a proven
track record of national and international accomplishments,"
commented Richard (Rick) Kurtz, API's CEO. "We are eager to utilize
his expertise by tapping into his knowledge of our markets. With
his experience in the nuclear gauge industry, where Measurex is now
the market leader (acquired by Honeywell), as well as his
significant background in quality control and his vast
understanding of the use of vision systems to find defects in the
surface of products that are optical in nature, we know that his
ability to strategize new opportunities for the Company will be a
valuable asset as we move forward to expand our Terahertz product
platform." "Advanced Photonix has an outstanding reputation in the
industry," commented Mr. Riccardi. "I look forward to driving the
sales initiative for the Terahertz product platform, leveraging its
reach in its current marketplace, expanding the platform's
visibility, and developing new markets for the high-quality,
high-performance products." About Advanced Photonix, Inc. Advanced
Photonix, Inc. (R) (NYSE Amex: API) is a leading supplier with a
broad offering of optoelectronic products to a global customer
base. We provide optoelectronic solutions, high-speed optical
receivers and terahertz instrumentation for telecom, homeland
security, military, medical and industrial markets. With our
patented technology and state-of-the-art manufacturing we offer
industry leading performance, exceptional quality, and high value
added products to our OEM customer base. For more information visit
us on the web at http://www.advancedphotonix.com/. The information
contained herein includes forward looking statements that are based
on assumptions that management believes to be reasonable but are
subject to inherent uncertainties and risks including, but not
limited to, unforeseen technological obstacles which may prevent or
slow the development and/or manufacture of new products; potential
problems with the integration of the acquired company and its
technology and possible inability to achieve expected synergies;
obstacles to successfully combining product offerings and lack of
customer acceptance of such offerings; limited (or slower than
anticipated) customer acceptance of new products which have been
and are being developed by the Company; and a decline in the
general demand for optoelectronic products. API-G Contact: Richard
Kurtz, Advanced Photonix, Inc. (734) 864-5647 Cameron Donahue,
Hayden IR (651) 653-1854; cameron@haydenir.com DATASOURCE: Advanced
Photonix, Inc. CONTACT: Richard Kurtz of Advanced Photonix, Inc.,
+1-734-864-5647; orCameron Donahue of Hayden IR, +1-651-653-1854;
cameron@haydenir.com, forAdvanced Photonix, Inc. Web Site:
http://www.advancedphotonix.com/
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