Investor News

API Technologies Reports Record Fourth Quarter and Twelve Month 2010 Results: Q4 Revenues of $30.1 Million, Adjusted EBITDA of $3.1 Million and Net Income of $0.3 Million

RONKONKOMA, NY – (PR Newswire) – August 10, 2010 — API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a provider of highly engineered products and services to the global defense sector, today announced fourth quarter and fiscal twelve month financial results for the period ending May 31, 2010. The fourth quarter results represent the first full quarter to include the operations of the Kuchera Group of Companies following the date of acquisition on January 20, 2010.

Financial Highlights for the Fourth Quarter Ended May 31, 2010

API Technologies to Present at the 30th Annual Canaccord Genuity Growth Conference

RONKONKOMA, NY – (PRNewswire) - August 9, 2010  – API Technologies Corp. (OTC.BB: ATNY), a provider of highly engineered products and services to the global defense sector, announced today that Jonathan Pollack, Executive Vice President, will be presenting at the 30th Annual Canaccord Genuity Growth Conference in Boston, MA, at the InterContinental Boston Hotel, on Thursday August 12th at 2:30 pm.

API Technologies Announces First North American Order for its Explosive Disposal Robot

RONKONKOMA, NY – (PRNewswire) - July 21, 2010 – API Technologies Corp. (OTC.BB: ATNY), a provider of highly engineered products and services to the global defense sector, announces that it has completed the sale of the teleMAX™ Explosive Ordnance Disposal (EOD) Robot to the City of Atlanta, Georgia. The total sale, API’s first in North America, is valued at approximately $300,000. The EOD robot is for use at the Hartsfield-Jackson Atlanta International Airport, the world’s busiest passenger airport, which serves approximately 88 million passengers per year.

API Technologies Receives $1.5 Million Order for Custom Hybrid Circuits

RONKONKOMA, NY – (PR Newswire) - July 14, 2010 – API Technologies Corp. (OTC.BB: ATNY), a provider of highly engineered products and services to the global defense sector, has received an order for approximately $1.5 million to provide custom hybrid circuits to a multinational technology customer. The order will be produced at the company’s US facilities.

API Technologies’ custom hybrid circuits are used by customers around the world for their mission-critical defense and aerospace needs and requirements. These custom circuits are part of API’s Component and Systems Division, which offers a broad range of engineered products, including MIL-STD-1553 Data Bus, transformers, standard and custom optical components, transistors and filters.

About API Technologies Corp.

Union Securities Initiates Research Coverage on API Technologies

RONKONKOMA, NY - (PRNewswire) - June 22, 2010 - API Technologies Corp. (OTCBB: ATNY), a prime contractor in highly engineered solutions, systems, secure communications and electronic components to the global defense and aerospace industries, has received a “Buy” recommendation from Ranjit Narayanan, Senior Special Situatio

API Technologies Completes Sale of Discontinued Nanotechnology Assets

RONKONKOMA, NY – (PR Newswire)— June 15, 2010 —API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in highly engineered solutions, systems, secure communications and electronic components to the global defense and aerospace industries, announced today that it has closed the sale of the assets from its previously announced discontinued nanotechnology subsidiary for gross proceeds of approximately $2.3 million.

The Company announced on February 22, 2010 that it was closing its nanotechnology research and development subsidiary in order to focus on its expanding defense business and improve its overall financial performance. Through the closing of this transaction, the Company not only received the cash proceeds but also eliminated the liabilities related to a shut down process, which were expected to be approximately $1.6 million.

About API Technologies Corp.

API Technologies Highlights $3.2 Million in Recent Contracts at Johnstown Showcase for Commerce

RONKONKOMA, NY - (PR Newswire) - June 9, 2010 - API Technologies Corp. (OTCBB: ATNY), a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industries, announced that it has recently won $3.2 million in contracts with Raytheon Space and Airborne Systems and Northrop Grumman Electronic Systems. Carl Sax, API’s Executive Vice President and General Manager, Defense & Systems, made the announcement during a press conference on Friday, June 4 at Showcase for Commerce 2010.

API Technologies Receives $2.3 Million in New Orders from Raytheon Space and Airborne Systems El Segundo

RONKONKOMA, NY – (PR Newswire)—May 13, 2010—API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industries, has been awarded two separate contracts from Raytheon Space and Airborne Systems, located in El Segundo California, totaling approximately $2.3 million, to supply electro-mechanical enclosures, including electronic circuit cards for mission-critical laser targeting and imaging systems. Both orders will be manufactured at the Company’s Pennsylvania facility.

Kyocera Mita America Incorporates Advanced Data Security Into Multifunctional Products Using API’s Cryptek Netgard™: Seamless Integration Cost-Effectively Enhances Device Functionality

FAIRFIELD, N.J. & RONKONKOMA, N.Y. (BUSINESS WIRE via Kyocera) - May 4, 2010 - Kyocera Mita America, Inc., one of the world’s leading document solutions companies, has partnered with API Technologies Corp. (ATNY.OB) ("API"), a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industries, to provide API’s HSPD-12-compliant Cryptek Netgard MFD (multi-function device) as an integrated component to enhance the data security of Kyocera’s document imaging devices.

 

API Technologies Receives Order for $1 Million of Custom Hybrid Circuits

RONKONKOMA, NY – (PR Newswire)—April 27, 2010—API Technologies Corp. (ATNY.OB)("API" or the "Company"), a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industries, announced today an order totaling approximately $1 million to provide its National Hybrid™-brand custom hybrid circuits to a semiconductor equipment manufacturer. The order will be produced in the Company’s Long Island, New York facility over the next three months.

About API Technologies Corp.

Syndicate content