Press Release

API Technologies Receives $1.1 Million Order to Provide Critical Electronics for Commercial Wireless Communication Systems

ORLANDO, FL– (PRNewswire) – April 24, 2012 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, today announced that is has received a new $1.1 million order to provide critical electronics for wireless communications from an existing customer, a global mobile solutions provider.

“Carriers and providers alike must adapt their infrastructure to support increased demand for reliable wireless communications across a wide array of demanding conditions. As a leading manufacturer of high-reliability electronics, we are pleased that the world’s foremost communications companies look to API to address their evolving business requirements,” said Bel Lazar, President and Chief Operating Officer of API Technologies.

About API Technologies Corp.

New Monitored Power Strips for Local and Remote Power Monitoring

ORLANDO, FL — April 12, 2012 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure systems for defense, aerospace, and commercial applications, introduced today its new line of Spectrum Power Monitored Rack Mount Power Strips.

These new monitored power distribution units (PDU) provide both local and remote monitoring of voltage, current, and power factor. PDUs are employed in a variety of applications, including: data centers, communication systems, military and defense, and industrial infrastructure.

API Technologies Corp. Hires New Chief Financial Officer: Current CFO, Jack Freeman, Retires After 21 Years

ORLANDO, FL – (PRNewswire) – April 10, 2012 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a provider of electronics systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, today announced the appointment of Phil Rehkemper as Chief Financial Officer and the retirement of current Chief Financial Officer, Jack Freeman. Mr. Freeman had served as the CFO of API since its merger with Spectrum Control, Inc. on June 1, 2011. Prior to joining API, Mr. Freeman had been a Director and the CFO of Spectrum Control for over 21 years.

API Technologies Reports Results for the Fiscal First Quarter Ended February 29, 2012

ORLANDO, FL – (PRNewswire) – April 9, 2012 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, today announced results for the fiscal first quarter ended February 29, 2012.

API Technologies Announces Earnings Conference Call

ORLANDO, FL – (PRNewswire) – March 29, 2012 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, today announced that it will host a conference call to review the Company’s results for the fiscal first quarter ended February 29, 2012 on Tuesday, April 10, at 10:00 a.m. Eastern Standard Time. Brian Kahn, Chairman and Chief Executive Officer, and Bel Lazar, President and Chief Operating Officer, will host the call.

The call will be available by dialing 877-317-6789 or 412-317-6789 and accessible by webcast at www.apitech.com. Recorded replays of the webcast will be available for 30 days on the Company’s website and by telephone for 30 days at 877-344-7529, replay passcode #10011973, beginning 2:00 p.m. Eastern Time on April 10, 2012.

About API Technologies Corp.

Cost-effective Cellular and Out-of-Band Access to Critical IT Systems with API’s New ION™ SA600 Series Service Access Point

ORLANDO, FL (Enterprise Connect: Booth #432) — March 26, 2012 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure systems for defense, aerospace, and commercial applications, introduced today the ION™ SA600 Series Service Access Point at Enterprise Connect (Booth #432) in Orlando. The ION SA600 Series facilitates secure, remote dial-up access (via cellular or modem) to critical IT devices in the event of an emergency or outage.

API Technologies Acquires UK-Based C-MAC Aerospace Ltd.

  • Strengthens API’s Position as Dominant Provider of RF/Microwave and Microelectronics Products
  • Broadens API’s Presence in European Aerospace, Defense, and Other High-reliability End Markets
  • Amended Credit Agreement Provides Greater Flexibility for Future Growth
  • Delivers Immediate EBITDA and Cash Flow Accretion

ORLANDO, FL and GREAT YARMOUTH, UK – (PRNewswire) – March 23, 2012 – API Technologies Corp.

API Technologies Acquires the Assets of RTI Electronics Inc.: Complements API’s Passive Components Product Lines

ORLANDO, FL – (PRNewswire) – March 19, 2012 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, today announced that it has completed the acquisition of substantially all of the assets of RTI Electronics (“RTI”) for a total purchase price of $2.3 million in cash.

Based in Anaheim, California, RTI is a leading manufacturer of passive electronic components, including thermistors, film capacitors, magnetic transformers and inductors, and audio power conditioning units. RTI had revenues in 2011 of approximately $4 million from a diverse Fortune 500 customer base spanning the audio, defense, aerospace, and industrial markets.

Automatic Gain Control Amps Join Spectrum Microwave Line of High Performance Designs from API Technologies

ORLANDO, FL — March 16, 2012 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure systems for defense, aerospace, and commercial applications, announced today a new line of customizable automatic gain control (AGC) amplifiers from its Spectrum Microwave family of products. They feature a ruggedized design, automatic output control and high RF input damage protection.

API Technologies Receives $3.9 Million Order to Provide Engineered Solutions for High-Reliability Radar Systems

ORLANDO, FL– (PRNewswire) – March 12, 2012 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, today announced that is has received a new $3.9 million order to provide engineered solutions for mission-critical radar systems to a leading defense customer.

“Defense industry leaders consistently look to API as a partner of choice, particularly when it comes to adding value to proven legacy platforms,” said Bel Lazar, President and Chief Operating Officer of API Technologies. “We look forward to supplying high performance radar systems and continuing a nearly decade-long relationship with a well-respected industry innovator.”

About API Technologies Corp.

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