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Slide #93. Advanced Photonix, Inc. — Certain Assets of Silonex, Inc.
Advanced Photonix, Inc. (NASDAQ:API)
Certain Assets of Silonex, Inc.
Advanced Photonix (NYSE MKT: API), a leading supplier of Optoelectronic components, sub-systems and systems to industry, announced today that it has acquired certain assets of Silonex, Inc. Silonex, Inc. is/was a wholly owned subsidiary of ARCAS Automotive Group (Luxco 1) S.a.r.l. , in exchange for a cash payment of $900,000.
Agora, Inc. is a holding company. Through its subsidiaries, Co. is a software development company and is primarily engaged in providing Real-Time Engagement Platform-as-a-Service. Co.'s platform provides developers customizable application programming interfaces, to embed real-time video and voice functionalities into their applications without the need to develop the technology or build the underlying infrastructure themselves. The real-time data transmission is handled by Co.'s Software-Defined Real-Time Network, which is a virtual network overlay on top of the public internet running on more than 200 co-located data centers worldwide.
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