Press Release

API Technologies Announces Management Transition: Industry Veteran Robert Tavares Named President and CEO

ORLANDO, FL– (PR Newswire) – March 2, 2015 –API Technologies Corp. (NASDAQ:ATNY) (“API”), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, announced today that Robert Tavares has been named President and Chief Executive Officer effective immediately. Mr. Tavares will also become a member of API’s Board of Directors. Bel Lazar, API’s current President and Chief Executive Officer, is leaving the company.

Brian Kahn, Chairman of the Board, said: “Bob is a seasoned RF/Microwave industry veteran with 30 years of leadership experience in both publicly traded and privately held electronics companies serving defense and commercial markets. Throughout his career, which includes experience at M/A-Com, Tyco Electronics, and most recently as President of Crane Electronics, Bob has demonstrated his ability to grow RF/microwave, microelectronics, and power businesses both organically and through acquisition. I am pleased to welcome Bob to API and look forward to his leadership.”

API Technologies Receives Patent for EOD Robot Aiming Device

ORLANDO, FL – (PR Newswire) – February 24, 2015 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, has been awarded a new patent (U.S. Patent No. 8,960,542) for its aiming device for a bomb disarming disrupter.

The Hawk-i™ Video Aiming Device uses a camera and a rangefinder to automatically assess range to target, then generates crosshairs on a video monitor. Bomb technicians then use this targeting guidance to fire a precise shot, which disarms the explosive. Use of the Hawk-i speeds aiming time and decreases chances of misfire due to human error.

API Technologies’ Quad Transmit Receive Module (QTRM) Offers Stackable Building Block Solution for Electronically Scanned Radar

ORLANDO, Fla. and MILTON KEYNES, UK – (PR Newswire) – February 23, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave solutions, today announced that its Quad Transmit Receive Modules (QTRMs), part of the Company’s Active Antenna Array Unit (AAAU) solution for AESA radar, is now available as a standalone module. API’s QTRMs offer the industry’s first stackable building block solution for E-Scan (electronically scanned) radar.

API Technologies’ E-Scan radar solution is unique in the market place, as it supports a Line Replaceable Unit (LRU) approach to system maintenance. The QTRM units serve as the common module building block. These units can be easily added or swapped, which simplifies system integration, offers first line repair, and significantly reduces total cost of ownership.

API Technologies to Showcase RF, Microwave and Microelectronics Product Solutions at SATELLITE 2015 in Washington DC

ORLANDO, Fla. – February 17, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, and power solutions, announced today it will showcase its RF, microwave, and microelectronics product solutions at the SATELLITE 2015 Exhibition (booth #2126) on March 17-19 at the Walter E. Washington Convention Center in Washington DC. SATELLITE 2015 is a leading satellite communications event, attracting satellite end-users representing the telecommunications, military and government, maritime, and commercial industries.

API Technologies Reports Results for the Fiscal Fourth Quarter Ended November 30, 2014

ORLANDO, Fla.– (PR Newswire) – January 29, 2015 -

  • Q4 revenue of $57.8 million
  • Q4 GAAP Operating Income of $2.2 million; Non-GAAP Operating Income of $3.5 million
  • Q4 cash from operations of $3.3 million
  • FY14 GAAP Operating Income of $4.6 million; Non-GAAP Operating Income of $10.3 million

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 fourth quarter ended November 30, 2014.

API Technologies to Showcase Power Solutions for Military and Unmanned Systems at AFCEA West: Power amplifiers and wireless filters from the RF & microwave line also to be on hand

Tactical Power SupplyOrlando, FL – January 26, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeter wave, power, and security solutions, will showcase its full line of power solutions for military, unmanned vehicle, and unmanned maritime systems (UMS) at AFCEA West, February 10-12 at the San Diego Convention Center. API’s display, in booth #1943, will also feature a selection of products from its RF and microwave product line. 

API Technologies Releases New Radiation Hardened Solid State Relays: SPST and SPDT Latching Relays Provide High Reliability Solution for Satellites and Launch Vehicles

Orlando, FL - January 21, 2015 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF, microwave, millimeterwave, and power solutions, has added a family of radiation hardened solid state latching relays, namely the AP10N01L, which is SPST (single pole single throw, normally open), and the AP1AD01BL, which is SPDT (single pole double throw).

With a distinctive latching capability, these solid state relay products feature a wide input actuation voltage range (both set and reset) of 3.3 V to 36 V (compatible with most logic types), while operating voltage ranges between 12 and 36 Volts. The family’s flexible voltage handling capability simplifies overall design and reduces parts count, resulting in overall size and weight reduction and increased reliability.

API Technologies Announces Fourth Quarter Earnings Call

API Technologies Announces Fourth Quarter Earnings Call

ORLANDO, Fla.– (PR Newswire) – January 16, 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 fourth quarter ended November 30, 2014 after the market closes on January 29, 2015, followed by a 4:45 p.m. Eastern Standard Time call to review the Company’s results. Bel Lazar, President and Chief Executive Officer, and Claudio Mannarino, Senior Vice President and Chief Financial Officer, will host the call.

API Technologies Wins “Product of the Year” Award from Electronic Products Magazine: Award recognizes the GaN-based 1-kW pulsed power amplifier for excellence in product development

ORLANDO, Fla. – (PR Newswire) – January 7, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, has won Product of the Year honors for its QBS-609 1-kW pulsed power amplifier. The award was given by Electronic Products, a leading trade publication for electronic design engineers.

The Gallium Nitride (GaN) based, solid state QBS-609 is a high performance and cost effective replacement for traveling wave tubes (TWT). The amplifiers' long life, and reduced size and weight offer longer life and improved efficiencies.

API Technologies Receives $7.3 Million Order for C4ISR Products

ORLANDO, Fla.– (PR Newswire) – January 6, 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 has received a new, $7.3 million order to produce electronic products in support of U.S. Department of Defense C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance) initiatives. The order was placed by a U.S. Department of Defense prime contractor with deliveries scheduled over the next six months.

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