Press Release

API Technologies Completes Debt and Equity Financing

ORLANDO, FL – (PRNewswire) – June 27, 2011 – 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 it has entered into a $170 million secured term loan facility and completed a private placement of approximately $31 million of common stock at a price of $6.50 per share. The term loan and proceeds of the private placement replace the $200 million term loan facility previously entered into by API on June 1, 2011 in connection with the closing of its acquisition of Spectrum Control, Inc.

Morgan Stanley Senior Funding, Inc. served as lead arranger, sole bookrunner and administrative agent for the term loan.

B. Riley & Co., LLC served as placement agent for the private placement.

About API Technologies Corp.

API Technologies to List its Common Stock on NASDAQ

ORLANDO, FL – (PRNewswire) – June 23, 2011 – API Technologies Corp. (OTC Bulletin Board: ATNY.OB) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure solutions for the defense, aerospace, and commercial industries, will list its common stock on the NASDAQ Capital Market effective June 27th, 2011 under the ticker symbol ATNY.

Bel Lazar, President and Chief Operating Officer, and Jack Freeman, Chief Financial Officer, will ring the opening bell at the NASDAQ MarketSite Studio in New York City on Wednesday June 29th at 9:30 a.m. to celebrate the Company’s listing on the NASDAQ.

About API Technologies Corp.

API Technologies Awarded $2.5 Million Secure Communications Contract in the U.K.

ORLANDO, FL – (PRNewswire) – June 16, 2011 – API Technologies Corp. (OTC Bulletin Board:ATNY.ob - News) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure systems for defense, aerospace, and commercial applications, today announced that it was awarded a contract valued at $2.5 million USD to provide secure communications equipment to a UK Government user for use in static and mobile environments. API's UK subsidiary, Secure Systems & Technologies ("SST") won the order, which will be designed and manufactured in the Company's Gloucester, UK facility.

“Coalition partner collaboration is of vital importance to preserving international security. We are pleased to deliver a secure communications solution in support of this mission,” said Bel Lazar, President and Chief Operating Officer of API Technologies Corp.

About API Technologies Corp.

API Technologies Launches New Product Introduction (NPI) Service for its SenDEC Division

Open House to Include Tour of Fairport, NY Facility and Interactive Demonstration of Prototype Manufacturing Capabilties

ORLANDO, FL -- June 9, 2011 -- API Technologies Corp., a provider of electronic systems, subsystems, RF, and secure systems for defense, aerospace, and commercial applications, announced today the official launch of the SenDEC New Product Introduction (NPI) service. An Open House is scheduled Thursday, June 16th from 2 - 6 p.m., at the new 20,000 sq. ft. SenDEC NPI facility, 71 Perinton Parkway, Fairport, NY. 

API Technologies Completes Acquisition of Spectrum Control

ORLANDO, FL – (PRNewswire) – June 1, 2011 – API Technologies Corp. (OTCBB:ATNY), a provider of electronic systems, subsystems, RF, and secure communications products and services for defense, aerospace, and commercial applications, today announced the successful completion of its acquisition of Spectrum Control, Inc. (Nasdaq:SPEC).

API completed the acquisition through a merger of a wholly-owned subsidiary with and into Spectrum. As a result of the merger, all outstanding shares of Spectrum common stock were converted into the right to receive $20.00 per share in cash, without interest and less any required withholding taxes. API’s payment agent will mail to Spectrum record stockholders materials necessary to exchange Spectrum stock certificates for such payment. As a result of the Merger, Spectrum shares ceased trading on the NASDAQ Global Select Market.

API Technologies To Present at the B. Riley & Co. 12th Annual Investor Conference

ORLANDO, FL – (PRNewswire) – May 10, 2011 – API Technologies Corp. (OTC Bulletin Board:ATNY.ob - News) (“API” or the “Company”), a provider of secure communications, electronic components and subsystems to the global defense and aerospace industries, today announced that Bel Lazar, API’s President and Chief Operating Officer, will present at the B. Riley & Co. 12th Annual Investor Conference, May 23-25, 2011 at the Loews Santa Monica Beach Hotel in Santa Monica, California. Mr. Lazar is scheduled to present on Tuesday, May 24 in Room Palisades C at 10:30 a.m.

API Technologies Reports Third Quarter and Nine Months Financial Results

ORLANDO, FL - (PRNewswire) - April 14, 2011 - API Technologies Corp. (OTCBB:ATNY), a provider of secure communications, electronic systems and subsystems, and contract manufacturing services to the global defense and aerospace industries, today announced third quarter and nine months financial results for the period ended February 28, 2011. The results include the operations of SenDEC Corporation following the date of acquisition on January 21, 2011.

Financial Highlights for the Third Quarter Ended February 28, 2011

API Technologies Wins 2011 Edison Award for Innovation and Product Excellence

WINDBER, PA – (PRNewswire) – April 6, 2011 - API Technologies Corp. (OTCBB:ATNY) (“API”), a provider of secure communications, electronic components and subsystems, and contract manufacturing services to the global defense and aerospace industries, was named recipient of a 2011 Edison Award. Presented by the Discovery Channel, the Edison Awards is a yearly competition, which honors innovation and excellence in the development, marketing and launch of new products and services. API received the Gold Best New Product honors for its API™ Hawki™ Video Aiming Device in the Electronics & Computers: Locational Technologies category. The announcement was made at the annual Edison Awards gala held last evening in New York City.

API Technologies To Acquire Spectrum Control

ORLANDO, FL AND FAIRVIEW, PA – (PRNewswire) – March 28, 2011 – API Technologies Corp. (OTCBB:ATNY) (“API”), a provider of secure communications, electronic components and subsystems, and contract manufacturing services to the global defense and aerospace industries, and Spectrum Control, Inc. (NASDAQ:SPEC) (“Spectrum”), a leading designer and manufacturer of high performance, custom solutions for the defense, aerospace, industrial, and medical industries headquartered in Fairview, PA, announced today that they have entered into a definitive merger agreement providing for the cash acquisition of Spectrum by API. Upon closing of the transaction, Spectrum will operate as a wholly owned subsidiary of API.

Superior Tuning Capability Highlighted in API™ Tunable Filter: 30-90MHz Digitally Tuned Bandpass Filter Released Today

WINDBER, PA —MARCH 15, 2011 — API Defense, a provider of highly engineered systems, sub-systems and secure communications to the global defense and aerospace industries, today announced the release of the API™ Tunable Filter. The API Tunable Filter is a 30-90MHz bandpass filter that delivers highly precise tuning capabilities. The product’s rugged but lightweight design makes it ideally suited for use in military radios and mobile applications.

“We are pleased to deliver another product that further enhances warfighers’ communication capabilities,” said Jim Fisher, Director of Engineering for API Defense. “Used either out in the field or in a test environment, the API Tunable Filter offers the speed and accuracy necessary to meet mission requirements.”

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