API Technologies Earns FIPS 140-2 Publication Validation for Cryptographic Module from NIST: Module Added to Short List of Products Qualified to Protect Sensitive Government and Military Information

ORLANDO, Fla.– (Business Wire) - February 7, 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 its Common Cryptographic Module has been validated by the National Institute of Standards and Technology’s (NISTs) Federal Information Processing Standard (FIPS) Publication 140-2.

This standard’s validation assures the U.S. Department of Defense, and its agencies, that API’s Common Cryptographic Module meets the rigorous security requirements for government and military use. Only modules tested and validated to FIPS 140-2 (and its predecessor FIPS 140-1) meet the applicability requirements to protect sensitive information.

API’s Common Cryptographic Module is integrated into its ION Networks™ line of secure access technology including the ION™ SA5600-IA appliance for remote vendor and third party access to voice and IT systems, as well as the Netgard® MFD CAC/PIV authentication solution for networked printers, scanners, and copiers.

Henry Gold, general manager, SSIA-US, API Technologies said, "The Common Cryptographic Module for our ION and Netgard products is a standards-based cryptographic engine for servers and appliances. The module delivers core cryptographic functions and features robust algorithm support including AES (Advanced Encryption Standard). With the FIPS 140-2 validation, our DoD customers are assured that our cryptography has been tested to the stringent criteria of the U.S. government.”

Secure Systems and Information Assurance (SSIA) products by API Technologies provide security for both government and commercial customers worldwide. Featured product lines include the EMCON® (USA & Canada) and SST™ (Europe) brands, the Netgard® line of security and encryption products, and the ION Networks™ line of network security devices for remote device management.

To learn more about API Technologies’ SSIA product lines, including secure access products for the DoD, call +1 855-294-3800, email ion.sales.info@apitech.com, or visit http://www.apitech.com/ion.

About API Technologies Corp.

API Technologies (NASDAQ: ATNY) is an innovative designer and manufacturer of high performance systems, subsystems, modules, and components for technically demanding RF, microwave, millimeter wave, electromagnetic, power, and security applications. A high-reliability technology pioneer with over 70 years of heritage, API Technologies products are used by global defense, industrial, and commercial customers in the areas of commercial aerospace, wireless communications, medical, oil and gas, electronic warfare, unmanned systems, C4ISR, missile defense, harsh environments, satellites, and space. Learn more about API Technologies and our products at www.apitech.com.

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Except for statements of historical fact, the information presented herein constitutes forward-looking statements. All forward-looking statements are subject to certain risks, uncertainties and assumptions which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include but are not limited to, general economic and business conditions, government regulations, our ability to integrate and consolidate our operations, our ability to expand our operations in both new and existing markets, the ability of our review of strategic alternatives to maximize stockholder value and the effect of growth on our infrastructure. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. The forward-looking statements in this news release should be read in conjunction with the more detailed descriptions of the above factors located in our Annual Report on Form 10-K under Part I, Item 1A “Risk Factors” as well as those additional factors we may describe from time to time in other filings with the Securities and Exchange Commission. All information in this release is as of the date hereof. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements in this press release, whether as a result of new information, future events, or otherwise.

Tara Flynn Condon
Vice President, Corporate Development & Marketing
+1 908-546-3903