This Small Business Innovation Research Phase I project demonstrates a breakthrough approach to very high-speed, high-resolution analog-to-digital conversion or digital-to-analog conversion which improves the speed of conversion by up to six times the state-of-the-art by using a parallel array of individual converters. The V-Corp Advanced Filter Bank Analog and Digital Converter (AFB ADC) architecture works because the filter bank signal processing significantly reduces the sensitivity to analog mismatches (e.g., phase distortion, clock skew, temperature drift) which prohibit existing parallel conversion methods (e.g., Time-Interleaving) from achieving high resolution. V-Corp has proven the technical efficacy of the concept by successfully building prototype analog-to-digital converter hardware with 12-bit resolution and 260 MHz sample rate (over twice as fast as state-of-the-art) and prototype digital-to-analog converter hardware with 14-bit resolution and 240 MHz sample rate (twice state-of-the-art). Very importantly, the AFB ADC architecture will never become obsolete and will always exceed the state-of-the-art because it can easily be upgraded as new, more powerful ADC products become available. The architecture is amenable to single-chip integration for compact, low-power applications. The AFB ADC technology enables an advanced all-digital shipboard array with multiple beams and a single aperture, steerable nulls to mitigate co-site interference and jammers, fast beam pointing and target acquisition, software reconfigurability, and affordability due to high levels of circuit integration. During Phase I, V-Corp will demonstrate the architecture with the very latest analog-to-digital or digital-to-analog converters, demonstrate an efficient auto-calibration section in hardware, and utilize proprietary linearity error compensation routines to improve the dynamic range of the system. A realtime hardware implementation of the digital signal processing in the AFB architecture will be implemented in a Phase I Option. During Phase II, a compact realtime implementation of the AFB ADC system (including the auto-calibration section) will be implemented and integrated in a target system (e.g., radar, GPS receiver, communications system according to the sponsor's requirements).The AFB ADC approach overcomes the critical A/D conversion bottleneck which limits performance of state-of-the-art radio frequency transceiver systems. Virtually any high-performance modern electronic system will benefit from the AFB ADC. Significant applications include enhancement of radar systems, wideband universal RF transceivers, specialized test equipment, and medical imaging systems.