Press Release

API Technologies to Exhibit at IMS in San Francisco May 24-26: Featuring an expanded line of amplifier solutions and integrated microwave assemblies

Marlborough, MA – May 2, 2016 – API Technologies Corp., a leading provider of high performance RF, microwave, millimeterwave, and power solutions, will showcase a wide variety of the Company’s latest high reliability solutions at the 2016 IEEE MTT-S International Microwave Symposium (IMS 2016). API will be in booth #727 for the exhibition, which takes place May 24-26 at the Moscone Center in San Francisco, CA.

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API Technologies Corp. Announces Completion of Acquisition by Affiliate of J.F. Lehman & Company

ORLANDO, Fla. – April 22, 2016 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced the successful completion of the acquisition of API by an affiliate of private equity firm J.F. Lehman & Company (“JFLCO”).

API Technologies Announces Definitive Agreement for Acquisition by Affiliate of J. F. Lehman & Co.

Shareholders to Receive $2.00 per Share in Cash

ORLANDO, Fla. – February 29, 2016 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced a definitive agreement providing for the Company to be acquired by an affiliate of private equity firm J. F. Lehman & Company (“JFLCO”), which specializes in the aerospace, maritime and defense industries.

Under the terms of the agreement, a newly formed affiliate of JFLCO will acquire all of the outstanding shares of API Technologies common stock for $2.00 per share in cash in a merger transaction. The cash consideration represents a premium of approximately 98% to API’s closing share price on February 26, 2016 and a 74% premium to its weighted average trading price over the trailing 30 days. The transaction is expected to close in the second fiscal quarter of 2016.

Emcon® Releases Two and Four Port TEMPEST Level I DVI DeskSavers at Securetech 2015

New Models Support Workplace 2.0 Initiatives while Delivering Highest Security

ORLANDO, Fla. and OTTAWA — Securetech 2015, Booth #704 — November 26, 2015 — API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced that its Emcon® Emanation Control business group will debut new two and four port TEMPEST Level I DVI DeskSavers at Securetech 2015. Canada’s leading public safety, emergency management, and security product showcase, Securetech takes place November 25-26 at the EY Centre in Ottawa.

Emcon® Introduces New TEMPEST Level I Brother MFC-9340CDW – Multifunction Fax, Printer & Scanner

Secure Plug and Play Device Provides Fast, Reliable Digital Color

ORLANDO, Fla. and OTTAWA — Securetech 2015, Booth #704 — November 25, 2015 — API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF, microwave, power and security solutions for high-reliability applications, today announced that its Emcon® Emanation Control business group has added a new multifunction device (MFD) to its line-up of TEMPEST high performance fax machines. This new device, the Emcon Brother MFC-9340CDW Fax, Printer and Scanner, allows government users the secure TEMPEST environment they require in a fully integrated system that eliminates the need for extra components. A secure, non-TEMPEST version is also available.

The benefits of the Emcon TEMPEST Brother MFC-9340CDW Fax, Printer and Scanner include:

API Technologies Reports Results for the Fiscal Third Quarter Ended August 31, 2015

ORLANDO, Fla.– (PR Newswire) – October 8, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced results for the fiscal third quarter ended August 31, 2015. The results reflect the inclusion of Inmet and Weinschel, which the Company acquired after the start of the quarter, on June 8, 2015.

“We delivered significantly improved third quarter performance, demonstrating the impact our focus on operational improvement is beginning to have on the business,” said Robert Tavares, President and Chief Executive Officer of API. “The integration of Inmet and Weinschel are substantially complete to our plan and already benefitting our top line. API is keenly focused on creating long-term value for our customers and shareholders.”

Results for the Quarter Ended August 31, 2015

API Technologies Announces Third Quarter Earnings Call

ORLANDO, Fla.– (PR Newswire) – September 25, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced that it would issue its earnings release for the fiscal third quarter ended August 31, 2015 after the market closes on October 8, 2015, followed by a 4:45 p.m. Eastern Time call to review the Company’s results. Robert Tavares, President and Chief Executive Officer, and Eric Seeton, Chief Financial Officer, will host the call.

The call will be available by dialing 1-877-317-6789 or 1-412-317-6789 and accessible by webcast at http://www.apitech.com/investor-relations. Recorded replays of the webcast will be available on the Company’s Investor Relations App, as well as for 30 days on the Company’s website and by telephone at 1-877-344-7529 or 1-412-317-0088, replay passcode #10072832, beginning 6 p.m. Eastern Time on October 8, 2015.

API Technologies Appoints New Chief Financial Officer

ORLANDO, Fla. – (PR Newswire) – September 14, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced that Eric F. Seeton has been named Chief Financial Officer effective September 8, 2015.

“I am very excited to announce the appointment of Eric Seeton as API’s new CFO,” said Robert Tavares, President and Chief Executive Officer, API Technologies. “Eric is an accomplished finance executive and RF/microwave technology veteran. His previous success driving profitability and performance improvements for both public and private companies will be invaluable as we continue to grow the API business. Eric is a strong addition to the executive team who will provide the strategic financial oversight and commitment to LEAN practices that will create even greater value for our customers, employees, and shareholders.”

API Technologies to Showcase Expanded Offering of Line-Replaceable Solutions for Next-Generation Radar Platforms at DSEI: Supports ease of integration for systems developers

ORLANDO, Fla. and LONDON - Defence and Security Equipment International (DSEI 2015), Stand #S8:100 – September 14, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications today announced the expansion of its field-upgradeable line of AESA radar system and subsystem solution elements. The newest addition to API’s portfolio of scalable radar solutions is the development of a 2D Steerable Active Antenna Array. Designed for rapid deployment into radar systems and ease of installation and serviceability, the 2D array helps reduce the cost of ownership of radar systems.

API Technologies to Debut the SST™ Secure Data Hub at DSEI: Portable encryption device facilitates secure communications in mobile office environments

ORLANDO, Fla. and LONDON - Defence and Security Equipment International (DSEI 2015), Stand #S8:100 – September 10, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced that the Company will debut the new SST™ Secure Data Hub at the Defence and Security Equipment International (DSEI) exhibition later this month. A portable encryption unit designed to facilitate secure communications, the new Secure Data Hub, along with other SST brand TEMPEST and Emanation Security products, will be on display at Stand S8-100 from 15 September through 18 September at London’s ExCel Center.

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