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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.

API Technologies Introduces New Line of Radiation-Hardened Power Conversion and Control Products: Space qualified designs feature smaller footprints at a lower cost

API Technologies - Radiation-Hardened Power Control
Orlando, Fla and Tampa, Fla - IEEE MTT-S International Microwave Symposium (IMS 2014), Booth #1515 – (Business Wire) – June 3, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, introduces a new line of radiation-hardened (rad-hard) power conversion and control products designed for extreme environmental conditions and radiation exposure. The new line of rad-hard power products includes linear voltage regulators with adjustable or fixed output voltages (positive and negative voltage options), highly efficient point-of-load (switching) regulators, as well as solid state relays (SSR), which include radiation-hardened single pole, double throw (SPDT) SSR.

API Technologies Debuts GaN Power Amplifier Drivers at the International Microwave Symposium: New broadband GaN drivers feature a complete front-to-back amplifier solution

API Technologies - Power Amp Drivers

Orlando, Fla and Tampa, Fla - IEEE MTT-S International Microwave Symposium (IMS 2014), Booth #1515 - June 2, 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, debuts a new line of Gallium Nitride (GaN) drivers to provide a complete, front-to-back amplifier solution for applications requiring high levels of gain and output power.

These hybrid-based power amplifier drivers are an extension of the Company’s broad RF and microwave amplifier product offering, which includes small signal, low noise, and high power output products, for commercial, military, medical, and industrial applications.

API Technologies Introduces 1,000 Watt Pulsed Power Amplifiers: Expanded line of GaN-based power amplifiers is targeted for TWT replacement

API Technologies - Pulsed Power Amplifiers
Orlando, Fla. – (Business Wire) - May 30, 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, expands its line of Gallium Nitride (GaN) based power amplifiers to include designs that operate with output power levels up to 1,000 watts and frequencies to 18 GHz. These new pulsed, solid state power amplifiers are making their debut at the IEEE MTT-S International Microwave Symposium (IMS 2014) in Tampa, Florida.

These new power amplifiers can serve as a cost-effective replacement for traveling wave tubes (TWT), as the amplifiers’ long life and reduced size and weight offer better efficiencies than their TWT counterparts.

API Technologies Wins ECN IMPACT Awards: Recognized for Outstanding Achievement in Electronic Design and Groundbreaking Innovation

ORLANDO, Fla.– (Business Wire) – May 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 has been recognized by Electronic Component News (ECN) with two 2014 ECN IMPACT Awards, presented during the Electronic Distribution Show (EDS) held earlier this month.

Judged by panel of industry experts, the awards recognize outstanding achievement in electronic design and groundbreaking innovation.

API Technologies to Feature High Reliability, Engineer-Friendly Products at IMS 2014

Amplifiers, Microelectronics, Filters, Active and Passive Components, Integrated Microwave Assemblies, and System-Level-Ready Solutions to be Showcased

Orlando, FL May 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, will showcase a wide variety of the company’s latest high reliability, engineer-friendly products during the 2014 IEEE MTT-S International Microwave Symposium (IMS 2014).  API will be in Booth 1515 during the exhibition, which takes place June 3-5 at the Tampa Convention Center in Tampa, Florida.

API Technologies’ Microwave System Enhances Receiver Range and Performance of Fast-Deployable Air Traffic Control Platform: Leverages Award-Winning Microwave Products to Aid in International Disaster Response

ORLANDO, Fla. – May 22, 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, has received a strategic microwave systems order for a fast-deployable Air Traffic Control (ATC) platform used for global military missions, including humanitarian aid and disaster response.

Featured elements of the API Technologies integrated microwave solution include a Low Noise Amplifier (LNA) assembly and multi-coupler front end along with filter banks, both used to facilitate voice communications between air traffic controllers and the aircraft.

The microwave system’s hallmark is the ability to deliver linear, low noise performance to support high dynamic range receivers, which extends overall system range, enabling aircraft to take off and land safely.

New Wireless Communications Filter from API Technologies Eliminates AWS Interference

Ideal for Use by Television Stations, Broadcast Wireless Services, and Cellular Base Stations

Orlando, FL May 21, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power and security solutions for critical and high-reliability applications, announced today a new portable, wireless communications bandpass filter that eliminates Advanced Wireless Service (AWS) interference at Electronic News Gathering-Receive Only (ENG-RO) BAS Channel A7.

API Technologies Introduces Multi-Conductor Cable Assemblies for Satellites

New Rugged Cables Expand Company’s Space Offering

Orlando, FL May 15, 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 manufactures a series of multi-conductor cable assemblies for satellites.  With this introduction, API has increased its capabilities of supporting space applications from its Electromagnetic Integrated Solutions (EIS) product line, the leader in EMI/RFI components and interconnects.

API Technologies Honors Top Electromagnetic Integrated Solutions Distributors and Sales Representatives at EDS 2014

Orlando, FL May 13, 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 revealed its annual Electromagnetic Integrated Solutions (EIS) international distributor and sales representative award winners. Awards were presented during the EDS 2014 industry event in Las Vegas, Nevada.

Top Distributor, EIS Products

TTI, Inc. of Fort Worth, Texas received Distributor of the Year honors for API’s EIS product line. TTI is a leading, international authorized distributor specialist and offers a broad line of passive, connector, electromechanical, and discrete components. 

API Technologies Wins Strategic Order for Front End Microwave System for Next Generation Radar Warning Receiver

ORLANDO, Fla.– (Business Wire) – May 12, 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 strategic order for a multi-channel microwave front end system. This integrated microwave assembly (IMA) will be used in a next generation radar warning receiver targeted for use in major Department of Defense military aircraft platforms.

The front end system will include the basic building blocks of pre-selection filtering, amplification and high isolation. It is designed around API’s suspended substrate stripline (SSS) technology, which enables broad frequency coverage, low loss, and fast switching speed in a small footprint.

API Technologies Receives Technology Award from United Kingdom Trade Group

Award Honors Florida Companies Contributing to the UK Economy

Orlando, FL May 9, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power and security solutions for critical and high-reliability applications, announced today it has been awarded the UK Trade & Investment (UKTI) GREAT Business Innovation Award in Technology during the annual BritWeek Miami event held in Southern Florida.

BritWeek Miami is an alliance between UKTI and the British Consulate General, which was developed to highlight the dynamic relationships between Britain and Florida. The Innovation Awards honor innovative British companies doing business in Florida, as well as Florida companies making a positive contribution to the British economy. 

API Technologies Receives $1.6 Million Filter Solutions Order for Electronic Warfare Application

ORLANDO, Fla.– (Business Wire) – April 29, 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 the receipt of a new $1.6 million award to provide microwave filters and switched filters to a leading global defense company. These high reliability filters will be used in a major airborne electronic warfare (EW) platform. 

“Our customers in the electronic warfare arena demand products that address a broad set of technical requirements with unparalleled performance and reliability,” said Bel Lazar, president and chief executive officer, API Technologies. “As a supplier to both emerging and existing EW platforms, our products are helping save the lives of warfighters from our armed forces and allies around the world every day.”

API Technologies Introduces 2 to 7 Channel Switched Filter Banks with Configurable Frequency Bands

Rugged, integrated devices ideal for EW and ELINT applications

Orlando, FL April 15, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power and security solutions for critical and high-reliability applications, introduces a new line of standard switched filter banks with customer-specified frequency bands from 2 to 7 channels.  With lead times as fast as four weeks, the configurable solution significantly reduces development cycle time, resulting in cost savings and faster time to market.