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

Model 4H Fixed Coaxial Attenuator (Hex, SMA, 18.6 GHz)

Subminiature - These attenuators offer the smallest package size with broadband frequency response, and attenuation values from 0 to 10, 12, 15, 20 & 30 dB.

Features: 
  • Subminiature - These attenuators offer the smallest package size with broadband frequency response, and attenuation values from 0 to 10, 12, 15, 20 & 30 dB.
  • Designed to meet environmental requirements of MIL-A-3933.
  • Precision SMA Connectors
  • Usable to 23 GHz.

Fixed Coaxial Attenuators

API Technologies is a supplier of Fixed Attenuators. Most Weinschel Fixed Coaxial Attenuators can be supplied according to customer specified testing, environmental or military or government specification requirements.

Model 1W Fixed Coaxial Attenuator (Type N, 4 GHz)

Attenuation Values from 1 to 10, 20, & 30 dB

Features: 
  • Low Cost
  • Wireless Applications - Optimized for use in the wireless communications bands.

AS-20, Attenuator Set (3, 6, 10, 20, 30)

STORAGE CASE DIMENSIONS: Model AS-6: 136.5mm (5-3/8 in) long x 125.4mm (4-15/16 in) wide x 35.6mm (2-3/16 in) high Model AS-18: 215.9mm (8.5 in) long x 273mm (10-3/4 in) wide x 63.5mm (2-1/2 in) high Model AS-20: 139.7mm (5-1/2 in) long x 123.8mm (4-7/8 in) wide x 60.3mm (2-3/8 in) high

Features: 
  • Features Model 56 Coaxial Attenuators
  • Test Data: Test Data for each attenuator is provided.
  • Data furnished: Insertion loss & SWR ports 1 and 2 test data supplied at 0.05, 4.0, 8.0, 12.4, 18.0 and 26.5 GHz
  • Wide Temperature Range: -55°C to 125°C. Full rated power to 25°C, derated Linearity to 0.5 watts @ 125°C.
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