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API Technologies Announces Definitive Agreement for Acquisition by Affiliate of J. F. Lehman & Co.

Shareholders to Receive $2.00 per Share in Cash

ORLANDO, Fla. – February 29, 2016 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced a definitive agreement providing for the Company to be acquired by an affiliate of private equity firm J. F. Lehman & Company (“JFLCO”), which specializes in the aerospace, maritime and defense industries.

Under the terms of the agreement, a newly formed affiliate of JFLCO will acquire all of the outstanding shares of API Technologies common stock for $2.00 per share in cash in a merger transaction. The cash consideration represents a premium of approximately 98% to API’s closing share price on February 26, 2016 and a 74% premium to its weighted average trading price over the trailing 30 days. The transaction is expected to close in the second fiscal quarter of 2016.

Emcon® Releases Two and Four Port TEMPEST Level I DVI DeskSavers at Securetech 2015

New Models Support Workplace 2.0 Initiatives while Delivering Highest Security

ORLANDO, Fla. and OTTAWA — Securetech 2015, Booth #704 — November 26, 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 its Emcon® Emanation Control business group will debut new two and four port TEMPEST Level I DVI DeskSavers at Securetech 2015. Canada’s leading public safety, emergency management, and security product showcase, Securetech takes place November 25-26 at the EY Centre in Ottawa.

Emcon® Introduces New TEMPEST Level I Brother MFC-9340CDW – Multifunction Fax, Printer & Scanner

Secure Plug and Play Device Provides Fast, Reliable Digital Color

ORLANDO, Fla. and OTTAWA — Securetech 2015, Booth #704 — November 25, 2015 — API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF, microwave, power and security solutions for high-reliability applications, today announced that its Emcon® Emanation Control business group has added a new multifunction device (MFD) to its line-up of TEMPEST high performance fax machines. This new device, the Emcon Brother MFC-9340CDW Fax, Printer and Scanner, allows government users the secure TEMPEST environment they require in a fully integrated system that eliminates the need for extra components. A secure, non-TEMPEST version is also available.

The benefits of the Emcon TEMPEST Brother MFC-9340CDW Fax, Printer and Scanner include:

API Technologies Reports Results for the Fiscal Third Quarter Ended August 31, 2015

ORLANDO, Fla.– (PR Newswire) – October 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 third quarter ended August 31, 2015. The results reflect the inclusion of Inmet and Weinschel, which the Company acquired after the start of the quarter, on June 8, 2015.

“We delivered significantly improved third quarter performance, demonstrating the impact our focus on operational improvement is beginning to have on the business,” said Robert Tavares, President and Chief Executive Officer of API. “The integration of Inmet and Weinschel are substantially complete to our plan and already benefitting our top line. API is keenly focused on creating long-term value for our customers and shareholders.”

Results for the Quarter Ended August 31, 2015

API Technologies Announces Third Quarter Earnings Call

ORLANDO, Fla.– (PR Newswire) – September 25, 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 third quarter ended August 31, 2015 after the market closes on October 8, 2015, followed by a 4:45 p.m. Eastern Time call to review the Company’s results. Robert Tavares, President and Chief Executive Officer, and Eric Seeton, Chief Financial Officer, will host the call.

The call will be available by dialing 1-877-317-6789 or 1-412-317-6789 and accessible by webcast at http://www.apitech.com/investor-relations. Recorded replays of the webcast will be available on the Company’s Investor Relations App, as well as for 30 days on the Company’s website and by telephone at 1-877-344-7529 or 1-412-317-0088, replay passcode #10072832, beginning 6 p.m. Eastern Time on October 8, 2015.

API Technologies Appoints New Chief Financial Officer

ORLANDO, Fla. – (PR Newswire) – September 14, 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 Eric F. Seeton has been named Chief Financial Officer effective September 8, 2015.

“I am very excited to announce the appointment of Eric Seeton as API’s new CFO,” said Robert Tavares, President and Chief Executive Officer, API Technologies. “Eric is an accomplished finance executive and RF/microwave technology veteran. His previous success driving profitability and performance improvements for both public and private companies will be invaluable as we continue to grow the API business. Eric is a strong addition to the executive team who will provide the strategic financial oversight and commitment to LEAN practices that will create even greater value for our customers, employees, and shareholders.”

API Technologies to Showcase Expanded Offering of Line-Replaceable Solutions for Next-Generation Radar Platforms at DSEI: Supports ease of integration for systems developers

ORLANDO, Fla. and LONDON - Defence and Security Equipment International (DSEI 2015), Stand #S8:100 – September 14, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications today announced the expansion of its field-upgradeable line of AESA radar system and subsystem solution elements. The newest addition to API’s portfolio of scalable radar solutions is the development of a 2D Steerable Active Antenna Array. Designed for rapid deployment into radar systems and ease of installation and serviceability, the 2D array helps reduce the cost of ownership of radar systems.

API Technologies to Debut the SST™ Secure Data Hub at DSEI: Portable encryption device facilitates secure communications in mobile office environments

ORLANDO, Fla. and LONDON - Defence and Security Equipment International (DSEI 2015), Stand #S8:100 – September 10, 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 the Company will debut the new SST™ Secure Data Hub at the Defence and Security Equipment International (DSEI) exhibition later this month. A portable encryption unit designed to facilitate secure communications, the new Secure Data Hub, along with other SST brand TEMPEST and Emanation Security products, will be on display at Stand S8-100 from 15 September through 18 September at London’s ExCel Center.

API Technologies to Introduce Opto-Electronic Media Conversion Solutions at DSEI: Higher data rates with a small footprint

ORLANDO, Fla. and LONDON - Defence and Security Equipment International (DSEI 2015), Stand #S8:100 – (PR Newswire) – September 10, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a trusted +provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications today announced the preview of the first in a series of low-to-high speed electrical / optical media converters. The products will be featured in a live demonstration replicating an on-vehicle optical transceiver system configuration at DSEI 2015 from September 15-18.

API Technologies Adds High Temperature EMI Filter to Product Offering: Ideal for down-hole applications and other high operating temperature environments

ORLANDO, Fla. – September 9, 2015 –API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, and power solutions, today announced the expansion of its EMI/EMC filter family with the addition of EMI filters for high operating temperature environments.

API’s high temperature, epoxy sealed, bolt-in style EMI feedthrough filter is capable of continuous operation at 175˚C with an average temperature coefficient of -25% at max operating temperature. These filters are well-suited for the oil and gas industry’s high temperature instrumentation, engine controller, and other high temperature applications.

API Technologies Corp. and RFMW Ltd. Announce Expanded Distribution Agreement: Weinschel brand products now available through distribution

ORLANDO, Fla. and SAN JOSE, California – September 3, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company") today announced an expanded worldwide distribution agreement with RF and microwave components distributor, RFMW Ltd. The agreement adds Weinschel brand products, including a full line of attenuators, terminations, adapters and connectors, splitters and dividers, phase shifters, programmable attenuators, and RF distribution products, to the API’s growing list of products available through distribution.

API Technologies to Feature AESA Radar, Aviation and Security Solutions at DSEI 2015

ORLANDO, Fla. and LONDON – August 18, 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 the Company will exhibit at Defence and Security Equipment International (DSEI 2015) exhibition from 15-18 September at London’s ExCeL Exhibition Centre. On display will be the Company’s product offerings for AESA radar, space, security, and a broad array of defence applications.

Show highlights include:

API Technologies to Exhibit at European Microwave Week in Paris, France September 8-10: Featuring standard components and subsystems for radar, electronic warfare and commercial wireless applications

Orlando, FL – August 11, 2015– API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF, microwave, millimeter wave, and power solutions, announced today it will present its full line of RF/Microwave products at European Microwave Week (EuMW) at Le Palais de Congrès, Paris, September 8-10, 2015, at Stand #152.

Rick Graham, Vice President and General Manager, RF, Microwave & Microelectronics US (RF2M-US), API Technologies, said, “With an increased emphasis on innovation and partnership with engineering communities across the globe, European Microwave Week is an ideal venue for API to showcase our advances in high-reliability and cost-effective products including custom and standard components, modules, and subsystems, as well as EAR-99 products. We welcome the opportunity to engage with our European customers and demonstrate our extensive expertise in these areas.”  

Featured product solutions include:

API Technologies to Manufacture Blighter® A400 Series Anti-UAV Air Security Radar

ORLANDO, Fla. and GREAT YARMOUTH, UK – (PR Newswire) – August 5, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave solutions, has extended its long running manufacturing partnership with Blighter Surveillance Systems (www.blighter.com), an electronic-scanning radar and sensor solution provider, with the announcement that it is to partner on the production of Blighter’s latest radar, the Blighter® A400 Series.

API Technologies Adds EMI/EMC Two Line, Two Stage Power Filters to Product Offering: Products ideal for use in medical devices, industrial equipment and gaming applications

 API Technologies Two Line, Two Stage Power FiltersORLANDO, Fla. – August 4, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, and power solutions , today announced the expansion of its EMI/EMC power filter family to include two line, two stage power filters for use in ground-current-sensitive applications.

The API power filters feature a rated voltage of 250(50/60Hz) making them well-suited for medical, industrial, and gaming systems that requires very high noise attenuation. The products are also an ideal choice for use in test and measurement instrumentation.

API Technologies Reports Results for the Fiscal Second Quarter Ended May 31, 2015

ORLANDO, Fla.– (PR Newswire) – July 7, 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 second quarter ended May 31, 2015.

Results for the Quarter Ended May 31, 2015

API Technologies reported fiscal second quarter revenue of $52.3 million. For the fiscal second quarter of 2015, GAAP gross margin as a percentage of sales was 21.0%; non-GAAP gross margin was 22.2%.

The Company posted a net loss of $4.3 million for the fiscal second quarter. Adjusted EBITDA for the fiscal second quarter of 2015 was $3.9 million, or 7.4% of revenue.

Results for the Six Months Ended May 31, 2015

API Technologies Names New Vice President of Continuous Improvement: Newly Created Role to Drive Cost Efficiencies, Delivery Excellence and Process Improvements Across Worldwide Organization

ORLANDO, Fla.– (PR Newswire) – June 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 Domingo Isasi has been named to the newly created role of Vice President of Continuous Improvement for API Technologies, effective June 29, 2015. In this new position, Mr. Isasi will report to API Technologies’ President and CEO and lead worldwide continuous improvement efforts related to delivery, quality, and reliability excellence, as well as drive cost-efficiency initiatives.

API Technologies Announces Second Quarter Earnings Call

ORLANDO, Fla.– (PR Newswire) – June 24, 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 second quarter ended May 31, 2015 after the market closes on July 7, 2015, followed by a 4:45 p.m. Eastern Time call to review the Company’s results. Robert Tavares, President and Chief Executive Officer, and Claudio Mannarino, Senior Vice President and Chief Financial Officer, will host the call.

The call will be available by dialing 1-877-317-6789 or 1-412-317-6789 and accessible by webcast at http://www.apitech.com/investor-relations. Recorded replays of the webcast will be available on the Company’s Investor Relations App, for 30 days on the Company’s website, and by telephone at 1-877-344-7529 or 1-412-317-0088, replay passcode #10068068, beginning 6 p.m. Eastern Time on July 7, 2015.

API Technologies Hires New Vice President of Worldwide Sales: Strategic Sales Executive with Successful Track Record in High Performance Electronics for Defense and Commercial Customers

ORLANDO, Fla.– (PR Newswire) – June 11, 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 Don Barnas has been named the Company’s new Vice President Worldwide Sales, effective June 8, 2015. In this role, Mr. Barnas will lead the Company’s worldwide sales, customer service, and field engineering teams to drive customer adoption of API’s full range of subsystem, module, and component products.

API Technologies Completes Acquisition of Inmet and Weinschel

ORLANDO, Fla.– (PR Newswire) – June 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 the successful completion of its acquisitions of Aeroflex / Inmet, Inc. (“Inmet”) and Aeroflex / Weinschel, Inc. (“Weinschel”) from Cobham plc (LON:COB) for a total purchase price of $80.0 million.

Combined, Inmet and Weinschel generated revenue of $51.4 million and EBITDA margins over 20% for the year ended December 31, 2014. The closing of the acquisition of Inmet and Weinschel adds breadth to API’s RF, microwave, and microelectronics product portfolio, extends the Company’s subsystems offering, and furthers API’s reach in key end markets, including defense, space, commercial aviation, and wireless.

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Join the Emcon team at CANSEC 2018 as they showcase the latest developments in TEMPEST, rugged, and high security IT solutions for the government marketplace. CANSEC is Canada’s annual Defence exhibition taking place at the EY Centre in Ottawa. CANSEC is Canada's foremost defence technology showcase. A two-day event, CANSEC will feature 120,000 square feet of indoor exhibits by Canada's leading edge defence and security companies, as well as an outdoor static display. This showcase targets a wide audience of customers that includes Government agencies and departments with an interest in the defence sector.