Press Release

API Technologies to Present at Remote Services and Monitoring Summit

ORLANDO, FL  — March 7, 2013 — 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, announced today that Henry Gold, General Manager of the Company’s  Secure Services and Information Assurance (SSIA) – US group, will serve as a featured speaker at the “2013 Remote Services and Monitoring Summit” to be held March 20-22, 2013 in Miami Beach, FL. 

Mr. Gold’s session will focus on emerging security and technology challenges related to remote services delivery, including third party access and machine-to-machine (M2M) computing. The session will also feature case studies, which demonstrate how companies and government agencies may approach and overcome these issues. 

For more information to register for the 2013 Remote Services and Monitoring Summit, visit http://www.remoteservicesevent.com.

API Technologies to Showcase Variety of High Reliability Power Electronics at APEC 2013

ORLANDO, FL  — March 6, 2013 — 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, announced today that it will showcase its diverse range of products suitable for higher power applications during the 2013 Annual Applied Power Electronics Conference & Expo (APEC). Discussions and live demonstrations will take place at the API Technologies Booth #907, featuring its Spectrum Control™ line of EMI power filters, film capacitors, switch mode power supply capacitors, magnetics, and the latest in current limiting NTC thermistors. API’s GaN broadband power amplifiers and power distribution products will also be on display. APEC takes place on March 17-21 in Long Beach, CA.

API Technologies Expands Power Offering with Custom Power Distribution Units (PDUs)

OEM ODM Power Distribution Unit

ORLANDO, FL, February 25, 2013, 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, announced today that it has expanded its Power and Systems Solutions offering with a line of custom high reliability Power Distribution Units (PDUs) for the following applications; defense, communications and telecommunications networking equipment, data storage systems, alternative energy systems, oil & gas infrastructure, and medical equipment.

New Hermetically Sealed Custom Circular Connectors from API Technologies

ORLANDO, FL  — February 20, 2013 — 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, announced today its new family of hermetically sealed circular connectors for aerospace applications with high differential pressure.  These connectors, from API’s Spectrum Control line of products, meet MIL-DTL-38999 fine leak requirements and are ideal for aerospace engine control, hydraulic, and caustic environments where harsh conditions could exist. 

New Rugged Mobile 150 Amp DC Power Rectifier from API Technologies

 

ORLANDO, FL — February 19, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, security, and power solutions for critical and high-reliability applications, announced today its new Rugged Mobile 150 Amp DC Power Rectifier. The Rugged Mobile Rectifier is a portable commercial off-the-shelf (COTS) multi-application solution designed for powering C4ISR command and control communications systems and other defense-based electronics.

API Technologies Reports Results for the Fiscal Fourth Quarter Ended November 30, 2012

ORLANDO, FL – (Business Wire) –February 12, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced results for the fiscal fourth quarter and twelve months ended November 30, 2012.  

Record bookings of $76.6 million resulting in a book-to-bill ratio of 1.2 to 1 in the fiscal fourth quarter.

Revenue of $280.8 million for the twelve months ended November 30, 2012, up from $197.6 for the twelve months ended November 30, 2011.

Revenue of $62.7 million for the fiscal fourth quarter compared to $75.1 million in the prior year’s comparable quarter. 

API Technologies Announces Repayment of Term Loan and Entry into New Credit Agreements

ORLANDO, FL– (Business Wire) – February 7, 2013 –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 that it has entered into a credit agreement with Guggenheim Corporate Funding, LLC, as administrative agent, that provides for a $165 million term loan facility. Additionally, the Company has entered into a separate agreement for a $50 million revolving borrowing base credit facility with Wells Fargo Bank, National Association, as administrative agent, upon which the Company drew $29.4 million at closing. Proceeds from these two facilities were used to pay in full the Company’s existing credit facility, certain indebtedness in the United Kingdom, and to pay fees, costs and expenses associated with the refinancing. 

API Technologies Announces Fourth Quarter Earnings Conference Call

ORLANDO, FL – (Business Wire) – January 28, 2013 – 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 that it will host a conference call to review the Company’s results for the fiscal fourth quarter and twelve months ended November 30, 2012 on Wednesday, February 13, at 10:00 a.m. Eastern Standard Time. Bel Lazar, President and Chief Executive Officer, and Phil Rehkemper, Executive Vice President and Chief Financial Officer, will host the call.

The call will be available by dialing 866-605-3852 or 412-317-6789 and accessible by webcast at www.apitech.com. Recorded replays of the webcast will be available for 30 days on the Company’s website and by telephone for 30 days at 877-344-7529, replay passcode #10023558, beginning 2:00 p.m. Eastern Time on February 13, 2013.

About API Technologies Corp.

API Technologies Receives $1 Million Order to Supply Specialty Connectors for Military Radios

ORLANDO, FL– (Business Wire) – January 3, 2013 – 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, announced today it has received a $1 million order to provide Electromagnetic Integrated Solutions (EIS) for a major military radio program. This order includes both filtered and unfiltered specialty connectors and will be used in multiple radio configurations for both U.S. and foreign military sales.

No additional information is available due to the secure nature of this program.  

API Technologies to Present at the Needham Growth Conference on January 16, 2013

ORLANDO, FL – (Business Wire) – January 2, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that Bel Lazar, President and Chief Executive Officer, and Phil Rehkemper, Chief Financial Officer, will present at the 15th Annual Needham Growth Conference in New York City on January 16, 2013 at 1:30 p.m. Eastern Time.

Additional information, including presentation materials and webcasting, will be available on the Company’s website at http://www.apitech.com/investor-relations/events. 

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