Press Release

API Technologies Introduces High Reliability Customizable 2-20 GHz Broadband Amplifier: High frequency amplifier line delivers competitive advantage and faster time to market for OEMs

ORLANDO, FL - August 14, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading edge provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced the addition of a new multi-octave broadband amplifier, model BXHF1084, to its growing family of standard and configurable RF/microwave products. With its high frequency capabilities and one of the industry’s smallest footprints, the product offers OEMs competitive advantage and faster time to market.

The model BXHF1084 amplifier provides S, C, X, and Ku band operation in a single amplifier module. Its compact size, laser-welded housing and high gain design (26dB typical) make it ideally suitable for a variety of commercial and military applications, including VSAT, SATCON, point-to-point, multi-point, radar, and communications.

API Technologies Launches New Configurable Frequency Synthesizers: Feature-rich platform expands company’s footprint in communications, industrial, and defense applications

ORLANDO, FL– (PR Newswire) – August 4, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today the launch of configurable frequency synthesizers (Models LCFS-X), the newest addition to the Company’s line of standard RF / microwave products.

Offering superior phase noise performance as low as -92 dBc/Hz at 100 kHz offset, the synthesizers are ideally suited for a variety of applications including SIGINT /electronic warfare (EW), SATCOM, Doppler radar, and telecommunication systems. The compact surface mount packaging and affordable price point make these synthesizers an ideal solution for unmanned systems applications.

API Technologies Wins New $3.0 Million Order for Secure Wireless Communication Systems

ORLANDO, Fla.– (PR Newswire) – August 1, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today the receipt of a $3.0 million order for secure, wireless communication systems from a Fortune 50 company. The Company-manufactured, high-reliability electronic systems will be used in support of U.S. Department of Defense C4ISR (command, control, communications, computers, intelligence, surveillance, and reconnaissance) initiatives.

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

API Technologies Introduces the New EMCON® All-in-One Secure Workstation

Classified and Unclassified Access on One Screen Preserves Information Security, Improves Productivity, and Unclutters Office

OTTAWA, Canada and ORLANDO, FL – July 31, 2014 - API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced the launch of the EMCON® All-in-One Secure Workstation, which facilitates virtual, multi-domain access and presents it in a single user interface. 

The all-in-one hardware solution enables users to easily and securely access resources on classified and unclassified networks without the need for inefficient and costly alternatives, such as redundant hardware and resource-hungry software solutions. 

API Technologies Wins Million Dollar Order for Manufacture of Commercial Satellite Communication Systems

ORLANDO, Fla.– (PR Newswire) – July 25, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today it has received a $1 million order for the manufacture of satellite communication systems from a leading commercial wireless network equipment company.

To learn more about API Technologies’ contract manufacturing (CM) and electronic manufacturing services (EMS), please visit http://ems.apitech.com.

API Technologies Wins New $2 Million Order for Next Generation Radar Indicator Solution

ORLANDO, FL– (PR Newswire) – July 24, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today it has received a new, $2 million order for its high-reliability, radar warning receiver indicator solution. The solution will be used as part of an Electronic Warfare Management System (EWMS).

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

About API Technologies Corp.

API Technologies Wins Major Radar Program Order for Naval Requirement

ORLANDO, FL– (PR Newswire) – July 18, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today it has received a new order for critical RF/microwave filtering technology and high-reliability electronics for shipboard radar systems. Current fiscal year bookings for the program are expected to exceed $2 million.

The API Technologies-supplied technology is designed to improve radar accuracy and surveillance capabilities.

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

About API Technologies Corp.

New Snap-On Load Detector from API Technologies Designed for Low Current Sensing Applications


Spectrum Power AC SmartStart PDU, 16 Port

Ideal for Low Cost Energy Management and Automation Control

Orlando, FL– July 17, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, now offers the LD-50, a magnetic, snap-on load detector for mounting on pre-wired systems that does not disrupt existing connections.  

The LD-50 is a high sensitivity current transformer specifically designed for applications where low current is monitored. A primary winding is supplied to increase sensitivity of the transformer.

API Technologies Reports Results for the Fiscal Second Quarter Ended May 31, 2014

ORLANDO, Fla.– (PR Newswire) – July 9, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced results for the fiscal second quarter ended May 31, 2014.

Results for the Quarter Ended May 31, 2014

API Technologies reported fiscal second quarter revenue of $53.2 million.

For the fiscal second quarter of 2014, GAAP gross margin as a percentage of sales was 19.6%; non-GAAP gross margin was 22.2%.

API Technologies posted a net loss of $15.0 million for the fiscal second quarter, primarily due to the write-off of note discounts and deferred financing charges from debt extinguishment, which were $10.2 million. Adjusted EBITDA for the fiscal second quarter was $4.3 million. Restructuring costs recorded in the three months ended May 31, 2014 were approximately $1.0 million.

API Technologies Wins High Power Amplifier Order for U.S. Department of Defense Maritime Program

ORLANDO, FL– (PR Newswire) – July 3, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today it has received a new order to supply high-power amplifier systems as part of a DoD maritime requirement. This initial order is part of a multi-million dollar program with first production delivery set for May 2015.

This order follows API’s announcement of its expanded power amplifier product line made at the IEEE MTT-S International Microwave Symposium last month.

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

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