Press Release

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.

Secure USB Hub Protects Sensitive Information from Unauthorized Devices; Guards Against Information Leaks

RONKONKOMA, NY — DECEMBER 6, 2010 — API Technologies Corp., a provider of highly engineered products and services to the global defense sector, announced today the availability of the EMCON® Secure USB Hub. A 4-port USB hub, it provides organizations easy to use administrative control of USB devices connected to individual workstations. This helps guard sensitive data by prohibiting the use of unauthorized USB devices.

"Because of its plug and play capabilities, USB has become the industry standard I/O port on workstations. However, this convenience poses significant risks to organizations where the protection of information is a must," said Marc Dumais, EMCON Product Manager, API Technologies. "The EMCON Secure USB Hub solves this problem by giving organizations an easy-to-use solution to manage access to USB ports."

RF Signal Extender Enhances Range of Classified Wireless Communications

RONKONKOMA, NY — December 2, 2010 — API Technologies Corp., a provider of highly engineered products and services to the global defense sector, announces the availability of the API™ RF Signal Extender. This new product extends the range of Harris Corporation’s SecNet 11® wireless bridge, used by the U.S. military to establish Secure Wireless Local Area Networks (SWLANs). First introduced in 2002, SecNet 11 is an approved standard for both classified and unclassified communication by the National Security Agency and Department of Defense (DoD) agencies.

The API RF Signal Extender boosts the range of SWLANs from 700 meters to up to 5 miles.

API Technologies Wins $3.9 Million Secure Communications Contract in the U.K.

RONKONKOMA, NY - (PRNewswire) – December 2, 2010 – API Technologies Corp. (OTC.BB: ATNY), a provider of highly engineered products and services to the global defense sector, was awarded a $3.9 million (£2.5 million), two-year contract to provide secure communications equipment for use in ground stations and mobile platforms.   API’s UK subsidiary, Secure Systems & Technologies (“SST”) won the order, which will be designed and manufactured in the Company’s Gloucester, UK facility.

About API Technologies Corp.

API Technologies’ Hawki Video Aiming Device Aids Arson Explosives Detail of LA Sheriff Department in Rendering Object Safe

RONKONKOMA, NY — NOVEMBER 29, 2010 — The Hawki™ Video Aiming Device engineered and manufactured by API Technologies Corp., a provider of highly engineered products and services to the global defense sector, recently played a critical role in rendering an Improvised Explosive Device (IED). The IED was discovered underneath a car parked in Lancaster, California at around 10 am on September 23, 2010.

One of the five teams from the Arson Explosives Detail of the Los Angeles Sheriff Department responded to the scene and deployed their Explosive Ordnance Disposal (EOD) robot equipped with the Hawki Video Aiming Device. In situations like this, it is standard procedure for the team to render the IED safe with a disrupter from the robot. Accuracy of the shot is critical to the overall success and safety of the mission.

API Technologies Releases Compact Fast Tuning (CFT) Synthesizer

RONKONKOMA, NY - November 16, 2010 - API Technologies Corp , a provider of highly engineered products and services to the global defense sector, announced today the availability of the API ™ CFT Synthesizer. With a fast switching speed of 2 microseconds, this compact synthesizer has a frequency of 1.60 – 18.0 GHz in a single, ruggedized package with low power consumption. “What makes this synthesizer unique is the combination of its size and speed with very low power consumption,” said Jim Fisher, Director of Engineering, API Technologies. “It is an ideal solution for Electronic Warfare engineers and in mobile and laboratory environments where fast tuning and spectral purity are a must.”

API Technologies Receives $1 Million Order for National Hybrid™ Custom Hybrids

RONKONKOMA, NY - (PRNewswire) – November 2, 2010 – API Technologies Corp. (OTC.BB: ATNY), a provider of highly engineered products and services to the global defense sector, announced that it has received a new $1 million order for its National Hybrid™ custom hybrid products. The order will be manufactured in the Company’s Pennsylvania facility.

About API Technologies Corp.

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