Picometrix, a wholly owned subsidiary of Advanced Photonix, has received significant orders from two of its customers to supply 100G coherent optical reciever products.
The first order, from a contract that is renegotatied on a semi-annual basis, is for Picometrix to supply its high-speed coherent optical receiver, the CR-100D, to a major Asian-based OEM telecom systems vendor.
Based on patented technology, the CR-100D provides high sensitivity, which improves signal-to-noise ratio and thus helps to reduce total system costs. The receiver can operate over the entire extended C- and L-band wavelengths and can be used in "colourless" networks that enable service providers utilise any wavelength for any port at the add/drop site.
Picometrix estimates the order will bring in revenue of approximately $3 million during the first six months of the 2016 financial year, and says it has already received the first month's order of $500,000.
"We are seeing growing demand for our 100G coherent receivers from our Asian customers as they accelerate deployment of 100G in the long haul and metro markets," said Robin Risser, general manager of Picometrix and COO of API.
The second deal, which is renegotiated annually, is for Picometrix to supply the full suite of its high-speed 100G coherent receiver products, including the CR-100D with integrated variable optical attenuator (VOA), to an unnamed telecom systems vendor. The company estimates 2015 annual revenue from the order will be between $3 and $4 million.
Risser said: "We have a strong relationship and close collaboration with this strategic customer and are looking forward to supporting the growth in their long-haul and metro 100G product platforms.
He added: "We are pleased to enter FY 2016 with substantial momentum in our 100G coherent optical receiver platform given our recent successful negotiations with two of our leading customers, one in Asian and the other in Europe. This positions us well for revenue growth in our 100G coherent optical receiver products for FY16."
