Press Release

API Technologies Announces Launch of Distributed Antenna System Products at the International Microwave Symposium

ORLANDO, Fla. and Phoenix, AZ - IEEE MTT-S International Microwave Symposium (IMS 2015), Booth #3236– (PR Newswire) – May 18, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeter wave solutions, today announced the launch of Distributed Antenna System (DAS) solutions. API’s DAS interface trays are used to facilitate reliable performance of wireless and broadband devices by boosting coverage and filtering interferences, resulting in improved signal strength and alleviating issues that arise when large numbers of people are trying to send or receive messages, calls, and data in a densely populated area. 

API Technologies Debuts Two Power Amplifier Solutions at the International Microwave Symposium: New GaN and LDMOS amplifiers leverage company’s expertise in high performance power amplifier modules and complex integrated amplifier assemblies

API Technologies Takes Home Two ECN Impact AwardsORLANDO, Fla. and Phoenix, AZ - IEEE MTT-S International Microwave Symposium (IMS 2015), Booth #3236– (PR Newswire) – May 18, 2015 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a leading provider of high performance RF, microwave, millimeterwave, and power solutions, debuts two new power amplifier products to support military and public safety applications involving communications and jamming.

API Technologies Takes Home Two ECN Impact Awards: Company’s Radiation Tolerant VCSO and GaN Solid State Power Amplifier Recognized for Innovation Excellence in Engineering Design

API Technologies Takes Home Two ECN Impact AwardsORLANDO, Fla. and Las Vegas, NV – Electronic Distribution Show (EDS) – (PR Newswire) – May 14, 2015 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a leading provider of high performance RF, microwave, millimeterwave, and power solutions, today announced that it was recognized by technology publisher, Electronic Component News (ECN), with two 2015 ECN IMPACT Awards, presented at a ceremony held last evening during the annual Electronic Distribution Show (EDS) in Las Vegas, Nevada.

Judged by a panel of industry experts, the awards recognize outstanding achievement in electronic design and innovation. API Technologies took home top honors in the Oscillators and RF Amplifier categories.

API Technologies to Exhibit at International Microwave Symposium in Phoenix, Arizona May 19-21: Wireless communication, satellite, AESA radar and C4ISR solutions to be featured

Orlando, FL – April 28, 2015 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a leading provider of high performance RF, microwave, millimeterwave, and power solutions, will showcase the Company’s latest product solutions spanning communications, aerospace, and defense at the 2015 IEEE MTT-S International Microwave Symposium (IMS 2015) in booth 3236. The exhibition will take place May 19-21 at the Phoenix Convention Center in Phoenix, AZ.

Show Highlights

• Debuting products will include a new line of Distributed Antenna System (DAS) wireless solutions and expanded line of power amplifiers, including gallium nitride (GaN) solid state power amplifier subsystem solutions and communications signal jamming power amplifiers.

API Technologies to Acquire Cobham Inmet and Cobham Weinschel

ORLANDO, Fla.– (PR Newswire) – April 23, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance radio frequency (“RF”), microwave, millimeterwave, power, and security solutions announced today that it has entered into a definitive agreement with a wholly owned subsidiary of Cobham plc (LON:COB) (“Cobham”), to acquire Aeroflex / Inmet, Inc. (“Inmet”) and Aeroflex / Weinschel, Inc. (“Weinschel” and together with Inmet, the “Acquired Companies”). Inmet and Weinschel have each been in business for more than 50 years, and each manufactures and sells RF and microwave products for defense, space, avionics, wireless, and test and measurement applications.

API Technologies Reports Results for the Fiscal First Quarter Ended February 28, 2015

ORLANDO, Fla.– (PR Newswire) – April 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 first quarter ended February 28, 2015.

Financial Results for the Quarter Ended February 28, 2015

API Technologies reported fiscal first quarter revenue of $50.9 million.

For the fiscal first quarter of 2015, GAAP gross margin as a percentage of sales was 25.5%; non-GAAP gross margin was 26.6%.

The Company posted a net loss of $2.2 million for the fiscal first quarter. Adjusted EBITDA for the fiscal first quarter was $6.0 million or 11.9% of revenue.

Recent Developments

API Technologies Issues First Quarter Earnings Advisory

ORLANDO, Fla.– (PR Newswire) – March 30, 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 will issue its earnings release for the fiscal first quarter ended February 28, 2015 after the market closes on April 8, 2015.

For more information on the Company, visit http://www.apitech.com/investor-relations or download the API Technologies Investor Relations App, which is available for iPhone® and iPad® via the Apple iTunes store and for Android™ devices via Google Play.

About API Technologies Corp.

API Technologies Announces Strategic Distribution Agreement with TTI, Inc.: Expanded partnership broadens worldwide sales network and provides rapid delivery of RF and microwave products

Orlando, FL – March 23, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave solutions, announced a new distribution agreement with global electronic components distributor TTI, Inc. (“TTI”). Under the agreement, TTI will be an authorized distributor of API’s full range of RF, microwave, and microelectronics products including power amplifiers, high performance filters, and an assortment of passive and active components. TTI already serves as an authorized distributor of the Company’s Electromagnetic Integrated Solutions (EIS) product line.

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.

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EDS is the premier annual event for the main players in the international electronics industry. Every year, the manufacturers of electronic components, instruments and accessories, as well as distributors and manufacturer's representatives, come together to meet, make contacts and build their businesses. Suppliers of industry goods and services also are on hand to market their products. The emphasis at EDS is on forging and maintaining business relationships through scheduled, one-on-one meetings, but the event is also filled with important product exhibits educational, educational programs and networking opportunities.