Investor News

API Technologies Completes Acquisition of Spectrum Control

ORLANDO, FL – (PRNewswire) – June 1, 2011 – API Technologies Corp. (OTCBB:ATNY), a provider of electronic systems, subsystems, RF, and secure communications products and services for defense, aerospace, and commercial applications, today announced the successful completion of its acquisition of Spectrum Control, Inc. (Nasdaq:SPEC).

API completed the acquisition through a merger of a wholly-owned subsidiary with and into Spectrum. As a result of the merger, all outstanding shares of Spectrum common stock were converted into the right to receive $20.00 per share in cash, without interest and less any required withholding taxes. API’s payment agent will mail to Spectrum record stockholders materials necessary to exchange Spectrum stock certificates for such payment. As a result of the Merger, Spectrum shares ceased trading on the NASDAQ Global Select Market.

API Technologies To Present at the B. Riley & Co. 12th Annual Investor Conference

ORLANDO, FL – (PRNewswire) – May 10, 2011 – API Technologies Corp. (OTC Bulletin Board:ATNY.ob - News) (“API” or the “Company”), a provider of secure communications, electronic components and subsystems to the global defense and aerospace industries, today announced that Bel Lazar, API’s President and Chief Operating Officer, will present at the B. Riley & Co. 12th Annual Investor Conference, May 23-25, 2011 at the Loews Santa Monica Beach Hotel in Santa Monica, California. Mr. Lazar is scheduled to present on Tuesday, May 24 in Room Palisades C at 10:30 a.m.

API Technologies Reports Third Quarter and Nine Months Financial Results

ORLANDO, FL - (PRNewswire) - April 14, 2011 - API Technologies Corp. (OTCBB:ATNY), a provider of secure communications, electronic systems and subsystems, and contract manufacturing services to the global defense and aerospace industries, today announced third quarter and nine months financial results for the period ended February 28, 2011. The results include the operations of SenDEC Corporation following the date of acquisition on January 21, 2011.

Financial Highlights for the Third Quarter Ended February 28, 2011

API Technologies Wins 2011 Edison Award for Innovation and Product Excellence

WINDBER, PA – (PRNewswire) – April 6, 2011 - API Technologies Corp. (OTCBB:ATNY) (“API”), a provider of secure communications, electronic components and subsystems, and contract manufacturing services to the global defense and aerospace industries, was named recipient of a 2011 Edison Award. Presented by the Discovery Channel, the Edison Awards is a yearly competition, which honors innovation and excellence in the development, marketing and launch of new products and services. API received the Gold Best New Product honors for its API™ Hawki™ Video Aiming Device in the Electronics & Computers: Locational Technologies category. The announcement was made at the annual Edison Awards gala held last evening in New York City.

API Technologies To Acquire Spectrum Control

ORLANDO, FL AND FAIRVIEW, PA – (PRNewswire) – March 28, 2011 – API Technologies Corp. (OTCBB:ATNY) (“API”), a provider of secure communications, electronic components and subsystems, and contract manufacturing services to the global defense and aerospace industries, and Spectrum Control, Inc. (NASDAQ:SPEC) (“Spectrum”), a leading designer and manufacturer of high performance, custom solutions for the defense, aerospace, industrial, and medical industries headquartered in Fairview, PA, announced today that they have entered into a definitive merger agreement providing for the cash acquisition of Spectrum by API. Upon closing of the transaction, Spectrum will operate as a wholly owned subsidiary of API.

API Technologies Appoints Bel Lazar as President and Chief Operating Officer: Over 25 years of Aerospace & Defense and Senior Management Experience

ORLANDO, FL – (PRNewswire) – February 28, 2011 - API Technologies Corp. (OTCBB:ATNY) (“API” or the “Company”), a provider of highly engineered systems, sub-systems and secure communications to the global defense and aerospace industries, announced today the appointment of Bel Lazar as President and Chief Operating Officer. Mr. Lazar will be responsible for the Company’s global operations.

API Technologies Closes Merger With SenDEC Corporation: Vintage Capital Management Has Become Majority Shareholder

NEW YORK, NY - (PRNewswire) - January 24, 2011 - API Technologies Corp. (ATNYD.OB) ("API" or the "Company"), a provider of secure communications, electronic components and subsystems to the global defense and aerospace industries, announced today the closing of the acquisition of SenDEC Corporation ("SenDEC"), a leading defense electronics manufacturing services company headquartered in Fairport, NY, previously announced on January 10, 2011.

API acquired 100% of the equity of SenDEC, which includes SenDEC's electronics manufacturing operations and approximately $30 million of cash, in exchange for the issuance of 22 million API common shares to an affiliate of Vintage Capital Management LLC (“Vintage”). SenDEC generated approximately $90 million in revenue and over $3.5 million in net income during their fiscal year ended July 31, 2010.

API Technologies Reports Second Quarter and Six Months Financial Results

RONKONKOMA, NY - (PRNewswire) – January 14, 2011 - API Technologies Corp. (OTCBB:ATNYD), a provider of highly engineered products and services to the global defense sector, today announced second quarter and six months financial results for the period ending November 30, 2010.

Financial Highlights for the Second Quarter Ended November 30, 2010

API Technologies Announces Merger with SenDEC Corporation: Vintage Capital Management Will Become Majority Shareholder

NEW YORK, NY AND ORLANDO, FL - (PRNewswire) - January 10, 2011 - API Technologies Corp. (ATNYD.OB) ("API" or the "Company"), a provider of secure communications, electronic components and subsystems to the global defense and aerospace industries, has signed a definitive merger agreement with Vintage Capital Management LLC (“Vintage”) to acquire SenDEC Corporation (“SenDEC”), a leading defense electronics manufacturing services company headquartered in Fairport, NY. Under the terms of the merger transaction, API will acquire 100% of the equity of SenDEC, which will include SenDEC’s electronics manufacturing operations and approximately $30 million of cash, in exchange for the issuance of 22 million API common shares to an affiliate of Vintage.

API Technologies Announces $38.2 Million in Booked New Orders for Quarter Ended November 30, 2010: Includes $26.4 Million Booked in the month of November - Biggest Sales Month and Quarter in Company’s History

RONKONKOMA, NY - (PRNewswire) – December 14, 2010 – API Technologies Corp. (OTC Bulletin Board: ATNY.ob - News), a provider of highly engineered products and services to the global defense sector, announced that it has booked $38.2 million in new orders for its second quarter ended November 30, 2010, including $26.4 million booked in the month of November, representing the biggest sales month and quarter in the Company’s history. The orders were from defense and aerospace firms worldwide and spanned the breadth of API’s capabilities, including engineered systems, components and secure communications products.

About API Technologies Corp.

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