Press Release

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. 

API Technologies to Present at the Imperial Capital Security Investor Conference on December 13, 2012

ORLANDO, FL– (Business Wire) – December 7, 2012 – 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 Imperial Capital Security Investor Conference in New York City on December 13, 2012 at 2:45 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. 

API Technologies Receives $6.2 Million Order for Electronic Warfare Integrated Assemblies

ORLANDO, FL– (Business Wire) – December 4, 2012 – 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 new $6.2 million order to provide sophisticated electronic assemblies for integration into a Department of Defense Electronic Warfare program.

“Prime defense contractors consistently turn to API because of the Company’s strong heritage in the development and production of solutions for critical Electronic Warfare platforms,” said Bel Lazar, President and Chief Executive Officer of API Technologies. “We are proud that our high-reliability electronics play such an active role in identifying and countering deadly threats from insurgents on the battlefield and, in so doing, save soldiers’ lives every single day.”

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

API Technologies Receives $1.9 Million Add-on Order to Provide EMI Filtering Solutions for Major Weapons Program

ORLANDO, FL– (Business Wire) – December 3, 2012 – 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 an additional $1.9 million order for critical EMI filtering solutions in support of a major U.S. Department of Defense weapons platform. Combined with previous orders announced as part of this purchase, the collective fiscal year 2012 order total is more than $5 million. The order was placed by a repeat customer, a Fortune 100 company. 

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

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