Press Release

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.

API Technologies Announces Second Quarter Earnings Call

ORLANDO, Fla.– June 27, 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 that it would issue its earnings release for the fiscal second quarter ended May 31, 2014 after the market closes on July 9, 2014. A conference call to review the Company’s results will be held on July 10, 2014 at 10 a.m. Eastern Daylight Time. Bel Lazar, President and Chief Executive Officer, and Claudio Mannarino, Chief Financial Officer, will host the call.

API Technologies Announces Promotion of Claudio Mannarino to Chief Financial Officer

ORLANDO, Fla.– (Business Wire) – June 23, 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 that Claudio Mannarino, Senior Vice President, has been promoted to Senior Vice President and Chief Financial Officer, effective immediately, replacing Phil Rehkemper who resigned his position as CFO to accept another position. Mr. Rehkemper has served as CFO since April 2012. Mr. Rehkemper has agreed to remain with the Company until July 3, 2014 to assist in the CFO transition.

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