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.

API Nanotronics Announces Expanded Partnership With Sital Technology Ltd.: API's National Hybrid Subsidiary to Represent Sital's industry Leading Mil-Std-1553 IP Cores and Products in the United States and Parts of Europe and Will Collaborate on Next Gen

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 National Hybrid division(NHi) has expanded its sales and product development relationship with Israel based Sital Technology, the world leader in Mil-Std-1553 IP cores and products.

API Nanotronics Announces Third Quarter Results: Increased Gross Margins Highlight Improved Operating Efficiencies & Strong Balance Sheet Allows Company to Implement Share Buyback

NEW YORK, NY--(Marketwire – April 14, 2009) - API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading supplier of electronic components, systems and sub-systems, nano-optics and nanotechnology research and development to the defense and communications sectors, today announced third quarter and nine month operating results for the period ended February 28, 2009.

Financial Highlights for the Third Quarter Ended February 28, 2009

--Revenue was $5.8 million, a 22% decrease from the $7.4 million reached in the same quarter of fiscal 2008;

--Gross margins improved 3% to 29% in the third quarter of 2009, compared to 26% in the same quarter of the previous year and up over 100% from second quarter 2009 gross margins of 13%. Excluding restructuring charges, third quarter 2009 gross margins were 30%1;

API Nanotronics Board of Directors Authorizes Stock Buyback

NEW YORK, NY--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 that its Board of Directors has authorized a program to repurchase up to 10% of its common shares over the next 12 months. The Company will fund the program with available cash on hand and may repurchase shares in the open market from time to time based on market conditions and other factors. 

API Nanotronics Reports Record First Quarter Revenues of $7.9 Million: Company Implements Cost-Saving Consolidation and Continues to Invest in Next Generation Nanotechnology Products

NEW YORK, NY -- (Marketwire) -- 10/10/08 -- API Nanotronics Corp. (OTCBB: APIA) ("API") (the "Company"), a leading supplier of electronic components, nano-optics and nanotechnology research and development to the defense and communications sectors, today announced first quarter operating results for the period ended August 31, 2008. 

Financial Highlights for the First Quarter 2009 

API Nanotronics Announces Effectiveness of Reverse Stock Split New Trading Symbol OTC BB: APIA

NEW YORK, NY -- API Nanotronics Corp. (OTCBB: APIA), formerly (OTCBB: APIO), ("API") (the "Company"), a leading supplier of electronic components, nano-optics and nanotechnology research and development to the defense and communications sectors, today announced that the previously announced one-for-fifteen reverse stock split of the Company's outstanding common shares and exchangeable shares became effective upon the opening of the Over-the-Counter Bulletin Board market this morning. API's new common share trading symbol is APIA, replacing APIO, the trading symbol that was used prior to the reverse stock split. 

Syndicate content