Advanced Photonix (API) has been awarded a $1 million grant from the Department of Homeland Security to develop a terahertz gauge that would, if successful, replace nuclear gauges currently used in industrial applications.
Excerpt:API will own the rights to the developed technology and will be free to commercialize it in both private or military markets.
"This single application within the non-destructive testing market could offer API a significant opportunity in a very large market for both short-term and long-term growth over the next 10 years," API chairman and CEO Richard Kurtz said.
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