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API Technologies Reports Record Third Quarter and Nine Month 2010 Results: Third Quarter Revenues Increase 207%

RONKONKOMA, NY – (PR Newswire) – April 13, 2010 —API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industries, today announced third quarter and nine month operating results for the period ending February 28, 2010. The results include the operations of the Kuchera Group of Companies following the date of acquisition on January 20, 2010.

API Technologies Appoints Brian Throneberry as Vice President of Sales and Marketing

WINDBER, PA --(PR Newswire)—March 18, 2010—API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, announced today that Brian Throneberry has joined the Company as Vice President of Sales and Marketing.

API Technologies to Present at Roth Capital Partners 22nd Annual Growth Stock Conference

WINDBER, P.A. --(PR Newswire) — March 10, 2010 — API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, announced today that Jonathan Pollack, Executive Vice President, will be presenting at the Roth Capital Partners 22nd Annual Growth Stock Conference in Laguna Niguel, California on Monday March 15, 2010 at 4:30 pm PST.

API Technologies Announces Stock Repurchase Program: Board of Directors Authorizes Repurchase of up to 10% of the Company’s Common Stock

Windber, PA - (PR Newswire) - March 9, 2010 - API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in sophisticated electronics, highly engineered systems, secure communications and electronic components and subsystems to the global defense and aerospace industries, announced today that its Board of Directors has approved a program to repurchase, from time to time and subject to market conditions, up to 3,300,000 shares of API's outstanding common stock on the open market or in privately negotiated transactions over the next 12 months. Repurchases are authorized to begin after the Company files its third quarter results in mid-April on Form 10-Q with the Securities and Exchange Commission. The Company will fund the program with available cash on hand.

API Technologies Announces $8 Million Order from Fortune 500 Global Defense Contractor

Windber, PA --(PR Newswire)—March 3, 2010 — API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, has been selected by a global Fortune 500 defense contractor, to provide high-reliability magnetic components for use in radio communications systems deployed throughout the military and defense markets. The multi-year contract is valued at over $8 million and will be produced at the Company’s Canadian facility under its Filtran brand.

 

The customer will integrate API’s complex magnetic components into a number of radio communications systems in support of the U.S. military's Joint Tactical Radio System (JTRS) requirements as well as network-centric operations worldwide.

API Technologies Closes Nanotechnology Research and Development Subsidiary: Allows Company to Focus Resources and Capital on Profitable Defense Businesses

NEW YORK, NY – (PRNEWSWIRE) – February 22, 2010 – API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in sophisticated electronics, highly engineered systems, secure communications and electronic components and subsystems to the global defense and aerospace industries, today announced that it is closing its nanotechnology research and development subsidiary. Founded in 2000 and acquired by API in 2007, the NanoOpto subsidiary is located in Somerset, New Jersey. The Company expects the shut down process to be completed within the next 90 days and will contribute in excess of $4 million to operating earnings.

National Hybrid Terminal+ Compact Multi-protocol Data Bus Interface Supports Simultaneous 1553/1760 Functionality

New York, NY February 9, 2010 – API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in sophisticated electronics, highly engineered systems, secure communications and electronic components and subsystems to the global defense and aerospace industries, today announced the release of Terminal+ (pronounced Terminal Plus), the newest National Hybrid 1553 data bus product. The compact National Hybrid Terminal+ offers a multi-protocol data bus interface with integrated transformers and can function as a simultaneous monitor/remote terminal, a programmable bus controller, a remote terminal or a bus monitor.

Designed for both reliability and durability, the Terminal+ ensures the integrity of all data and control structures. The Terminal+ with integrated transformers occupies minimal board space and simplifies PCB layout as well as electrical design.

API Technologies Announces the Acquisition of the Kuchera Group of Companies: Acquisition will Double the Size of Company with Combined Revenues in Excess of $120 Million

NEW YORK, NY--(MARKET WIRE)—January 21, 2010 -- API Technologies Corp. (ATNY.OB) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, today announced that it has acquired substantially all of the assets of the Kuchera Group of Companies (“KGC”), including Kuchera Defense Systems, Inc. and Kuchera Industries, Inc. KGC is a large U.S.-based defense subcontractor specializing in sophisticated electronics and highly-engineered systems for the defense, aerospace and communications industries.

API Technologies Reports Record Second Quarter Revenues: Revenues More than Double through Recent Acquisition and Significantly Improving Margins Through Consolidation Efforts

NEW YORK, NY--(MARKET WIRE)--January 14, 2010 -- API Technologies Corp. (ATNY.OB) ("API or the Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, today announced second quarter and six month operating results for the period ending November 30,2009.

Financial Highlights for the Second Quarter Ended November 30, 2009

--Revenue was $12.2 million, a 113% increase from $5.7 million in the same quarter of fiscal 2009. Second quarter of fiscal 2010 includes the first full quarter contribution from Cryptek, as well as an increase of 7.8% from the electronic components and subsystems segment;

API Nanotronics Reports Second Quarter Results: Company Generates Positive Cash Flow and Strengthens Balance Sheet in Challenging Environment; Significant Increase in Nanoproduct Activity - Nanotech Revenues Increase Over 400% in Quarter

NEW YORK, NY--(Marketwire - January 14, 2009) - API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic components, nano-optics and nanotechnology research and development to the defense and communications sectors, today announced second quarter and six month operating results for the period ended November 30, 2008.
 

Financial Highlights for the Second Quarter Ended November 30, 2008

API Technologies Awarded $1M Contract for Secure, Rugged Laptops

NEW YORK, NY--(Marketwire - November 12, 2009) - API Technologies Corp. (OTCBB: ATNY) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industry, today announced that its UK division has been awarded a contract from Roke Manor Research, a division of Siemens AG, that together with options is worth approximately $1 million (£600,000). 

The contract was received by the Company's Secure, Systems & Technology Ltd. ("SST") division in the UK. SST will provide modified military rugged TEMPEST laptops to the UK Government as part of the UK Forces Land Electronic Warfare (EW) enhancement program. 

API Technologies Announces $1.4 Million in New Orders

NEW YORK, NY-- November 2, 2009 -- API Technologies Corp. (OTCBB: ATNY) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industry, announced today two new orders totaling over $1.4 million.

These orders were received by the Company's National Hybrid ("NHI") division in Long Island, New York. NHI is a leading provider of communications products and custom hybrids to the defense, aerospace and technology industries. The orders were for NHI's leading 1553 DataBus and custom hybrid circuits and were received from two large international companies. These products are critical to the Company's defense customers for the transmission of aviation data and vital sensing functions.

API Announces Name Change to API Technologies Corp. Name Change Reflects the Company's Evolution Into a Diversified Supplier to the Defense and Aerospace Industry

NEW YORK, NY -- October 27, 2009 -- API Technologies Corp. (OTCBB: ATNY) formerly (OTCBB: APIA) ("API" or the "Company"), a prime contractor in secure communications and electronic components and subsystems to the global defense and aerospace industry, is pleased to announce that is has completed a corporate name change from API Nanotronics Corp. to API Technologies Corp. 

As a result of the name change, the Company's shares of common stock will begin trading this morning under the new symbol "ATNY.OB" and under the new CUSIP number 00187E104. 

API Nanotronics Reports Record First Quarter Revenues of $9.2 Million: Recently Completed Cryptek Acquisition Significantly Expands Company Into New Growth Markets in the Defense and Secure Communications Sectors

NEW YORK, NY -- October 16, 2009 -- API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a prime contractor in secure communications and electronic components and subsystems to the global defense and aerospace industry, today announced operating results for the first quarter of fiscal 2010 ended August 31, 2009. 

Financial Highlights: 

-- Net revenue for the first quarter of fiscal 2010 was $9.2 million, a 16% increase over fiscal 2009 first quarter revenue of $7.9 million. Revenue in 2010 includes the contribution from Cryptek as at the date of the acquisition on July 07, 2009;

API Cryptek Wins Five New Contracts From the Canadian Government for Secure Communications Equipment: Governments Around the World Choose API Cryptek Products When Security of Information Is Paramount

NEW YORK, NY - October 5, 2009 -API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic systems, components, emanation security, TEMPEST, secure communications, ruggedization, and nano-optics to the defense, aerospace and communications sectors today announced that Emcon Emanation ("Emcon"), the Canadian Division of API Cryptek, secured five new contracts for secure communications equipment from the Canadian Government. 

API Nanotronics Announces Fiscal 2009 and Fourth Quarter Financial Results: Successful Operational Restructuring, Improved Gross Margins, and New Product Introductions Position API for Sustained Growth and Profitability

NEW YORK, NY -- (Marketwire) -- 08/27/09 -- API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic systems, components, emanation security, TEMPEST, secure communications, ruggedization, and nano-optics to the defense, aerospace and communications sectors, today announced operating results for the twelve-month and three month periods ended May 31, 2009.

 

API Nanotronics' National Hybrid and Pulse Introduce Bus+TM The World's Only Data Bus 1553 Product to Combine Transformer and Transceiver in a Single Package Bus+TM Offers Customers the Smallest Footprint, Reduced Component Count, and Eliminates Dynamic

NEW YORK, NY-- August 13, 2009 -- API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic systems and sub-systems, components, encryption, secure communications, nano-optics and nanotechnology products to the aerospace, defense and communications sectors today announced that its National Hybrid division (NHI) in collaboration with an industry partner, Pulse, a Technitrol company, have introduced Bus+™, the world's smallest 1553 data bus transceiver/transformer integrated into a single package.

API Nanotronics' NanoOpto Division Secures the Largest Order in Its History: Company Selected to Develop Proprietary Nanofabrication Process for Highly Sophisticated Wafer Manufactured Sensors

NEW YORK, NY -- API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic systems and sub-systems, components, nano-optics and nanotechnology products to the aerospace, defense and communications sectors today announced an $800,000 order for its NanoOpto division. This order represents the largest order to date for NanoOpto, validating its business strategy in the nano space. 

The contract is to develop the fabrication process for an enhanced sensor based on a proprietary strategy. The development phase will be completed in under 12 months, at which point the improved sensors will be ready for large-scale production. Following the sensor's development, API will continue to generate revenues from large-scale wafer-level product runs. 

API Nanotronics Acquires Cryptek Technologies: Acquisition Doubles the Size of the Company and Establishes API as a Worldwide Leader in Secure Technologies for Global Military, Government and Intelligence Agencies

NEW YORK, NY - July 13, 2009 - API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic systems and sub-systems, components, nano-optics and nanotechnology products to the aerospace, defense and communications sectors, today announced the acquisition of substantially all of the operating assets of Cryptek Technologies.

API Nanotronics' Chief Technology Officer Dr. Martin Moskovits Provides Keynote Presentation at Prestigious International Conference on Nanotechnology

NEW YORK, NY -- API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company") a leading supplier of electronic components, systems and sub-systems, nano-optics and nanotechnology products to the aerospace, defense and communications sectors, today announced that its Chief Technology Officer, Dr. Martin Moskovits was invited as the keynote presenter at the 2009 International Conference on Nanotechnology for the Forest Products Industry held on June 23-26, 2009 in Edmonton, Alberta, Canada. The event was sponsored by TAPPI and Alberta Ingenuity fund.

This year's event was titled "Unlocking the Potential of Nano-Enabled Biomaterials" and Dr. Moskovits presented "Nanooptics: Illuminating Nanostructures." to an audience of leading members of industry and the scientific community.