Press Release

API Technologies to Showcase New Modular AAAU Solution for AESA Radar at DSEI: Supports First Line Repair for Ease of Integration and Lower Cost of Ownership

ORLANDO, Fla. and LONDON (BUSINESS WIRE) — August 13, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today that it will showcase solutions from its RF/microwave and secure communications product lines at the Defence and Security Equipment International (DSEI) exhibition. This includes the launch of API’s new modular Active Antenna Array Unit (AAAU) concept for radar systems. The unveiling will take place at the opening of the show, on 10 September at Stand S8-100 at the ExCel Center in London. The show runs through 13 September.

API Technologies Announces New $3.3 Million Order from Raytheon UK: API to Provide Information Technology Systems for UK MOD ASTOR Program

ORLANDO, FL and GLOUCESTER, UK – (Business Wire) – August 6, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it has competitively won a new $3.3 million order to provide computer servers, work stations, and network devices in support of the UK Ministry of Defence (MOD) ASTOR program. ASTOR is an advanced, air-to-ground surveillance system jointly operated by the Royal Air Force (RAF) and British Army.

API Technologies to Provide Power Products for Command & Control Shelters

ORLANDO, Fla. – August 1, 2013 –API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today it will provide its power entry panels for use in U.S Department of Defense (DoD) operations mobile command and control shelters.

The power entry panels are part of a DoD Size, Weight, and Power (SWaP) initiative, aimed at making equipment smaller and more easily man-portable for in-field service. The power entry panels feature 60 AMP, 3 Phase, 120 / 208 VAC and 200 AMP options, 28 VDC power distribution; two battery chargers; and power quality monitoring. A low voltage disconnect is also incorporated to protect the vehicle battery from falling below optimum crank voltage. The power entry panels meet MIL-STD-461 and MIL-STD-810 requirements and have a proven size and weight-reduced design for improved efficiency and serviceability.

API Technologies’ EMS Business Achieves New ISO 13485:2003 and AS9100 Rev C Certifications: Company Extends Customer Reach within Growing Medical and Aerospace Markets

ORLANDO, FL – (Business Wire) – July 18, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it has received two new quality certifications for its Electronics Manufacturing Services (EMS) business, including the ISO 13485:2003 medical certification and AS9100 Rev C aerospace certification.

API Technologies Reports Results for the Fiscal Second Quarter Ended May 31, 2013

  • Revenue of $68.1 million, up 11.6% sequentially over prior fiscal quarter
  • Book-to-Bill ratio of 1.1
  • Term debt repayment of $75.9 million as of July 10, 2013
  • Net income of $7.5 million

ORLANDO, FL – (Business Wire) – July 10, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced results for the fiscal second quarter ended May 31, 2013. Results for continuing operations for the second quarter and comparable historical periods do not include the Sensors business, which was sold on April 17, 2013. Sensors business results are reported under discontinued operations.

API Technologies Receives $6 Million Follow-On Order to Provide Microwave Sub-Assemblies for Major European Weapons Program

ORLANDO, FL – (Business Wire) – July 9, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it has won a $6 million follow-on order to provide microwave sub-assemblies for a major European weapons program.

No additional information is available due to the secure nature of this program.

About API Technologies Corp.

API Technologies designs, develops and manufactures electronic systems, subsystems, RF and secure solutions for technically demanding defense, aerospace and commercial applications. API Technologies' customers include many leading Fortune 500 companies. API Technologies trades on the NASDAQ under the symbol ATNY. For further information, please visit the Company website at www.apitech.com.

Safe Harbor for Forward-Looking Statements

API Technologies Completes Sale of Data Bus Product Line to Data Device Corporation for $32.5 Million

ORLANDO, FL – (Business Wire) – July 8, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API” “API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced the sale of its Data Bus product line to Data Device Corporation (“DDC”) in a $32.5 million cash transaction. The Data Bus product line includes National Hybrid-brand products and UK-made MIL- STD-1553 and MIL-STD-1760 products.

API Technologies Announces Second Quarter Earnings Conference Call

ORLANDO, FL – (Business Wire) – June 28, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it will host a conference call to review the Company’s results for the fiscal second quarter ended May 31, 2013 on Thursday, July 11, at 10:00 a.m. Eastern Daylight Time. Bel Lazar, President and Chief Executive Officer, and Phil Rehkemper, Executive Vice President and Chief Financial Officer, will host the call.

The call will be available by dialing 1-877-317-6789 or 1-412-317-6789 and accessible by webcast at http://www.apitech.com. Recorded replays of the webcast will be available on the Company’s Investor Relations App, and for 30 days on the Company’s website and by telephone at 1-877-344-7529 or 1-412-317-0088, replay passcode #10030566, beginning 2:00 p.m. Eastern Daylight Time on July 11, 2013.

API Technologies Receives $1.3 Million Follow-On Order to Provide Electronics for Major DoD Weapons Program

ORLANDO, FL – (Business Wire) – June 25, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it has won a $1.3 million follow-on order to provide Electromagnetic Integrated Solutions (EIS) products for a major U.S. Department of Defense weapons program. This is the second follow-on order placed by this Fortune 100 customer and joins a $3.1 million order, announced in September, and a $1.9 million initial follow-on order, announced in December.

No additional information is available due to the secure nature of this program.

About API Technologies Corp.

API Technologies Receives ‘Best Custom Solutions’ Award During IMS2013

ORLANDO, Fla - June 17, 2013 - API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced that it has been selected as the winner of Best Custom Solutions in Microwaves & RF’s ‘Best Of’ 2013 Awards. 

Voting took place among the Microwaves & RF online engineering community, who were asked to vote for favorite resources that make their jobs easier and help them to succeed. During this year’s International Microwave Symposium (IMS) show in Seattle, WA, Microwaves & RF presented the first annual ‘Best Of’ Microwaves Industry Awards, honoring this year's deserving winners and audience favorites.

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