Advanced Photonix Acquires Texas Optoelectronics
Jan 20, 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...