Press Release

API Technologies Reports Record Second Quarter Revenues: Revenues More than Double through Recent Acquisition and Significantly Improving Margins Through Consolidation Efforts

NEW YORK, NY--(MARKET WIRE)--January 14, 2010 -- API Technologies Corp. (ATNY.OB) ("API or the Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industries, today announced second quarter and six month operating results for the period ending November 30,2009.

Financial Highlights for the Second Quarter Ended November 30, 2009

--Revenue was $12.2 million, a 113% increase from $5.7 million in the same quarter of fiscal 2009. Second quarter of fiscal 2010 includes the first full quarter contribution from Cryptek, as well as an increase of 7.8% from the electronic components and subsystems segment;

API Nanotronics Reports Second Quarter Results: Company Generates Positive Cash Flow and Strengthens Balance Sheet in Challenging Environment; Significant Increase in Nanoproduct Activity - Nanotech Revenues Increase Over 400% in Quarter

NEW YORK, NY--(Marketwire - January 14, 2009) - 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 second quarter and six month operating results for the period ended November 30, 2008.
 

Financial Highlights for the Second Quarter Ended November 30, 2008

API Technologies Awarded $1M Contract for Secure, Rugged Laptops

NEW YORK, NY--(Marketwire - November 12, 2009) - API Technologies Corp. (OTCBB: ATNY) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industry, today announced that its UK division has been awarded a contract from Roke Manor Research, a division of Siemens AG, that together with options is worth approximately $1 million (£600,000). 

The contract was received by the Company's Secure, Systems & Technology Ltd. ("SST") division in the UK. SST will provide modified military rugged TEMPEST laptops to the UK Government as part of the UK Forces Land Electronic Warfare (EW) enhancement program. 

API Technologies Announces $1.4 Million in New Orders

NEW YORK, NY-- November 2, 2009 -- API Technologies Corp. (OTCBB: ATNY) ("API" or the "Company"), a prime contractor in secure communications, electronic components and subsystems to the global defense and aerospace industry, announced today two new orders totaling over $1.4 million.

These orders were received by the Company's National Hybrid ("NHI") division in Long Island, New York. NHI is a leading provider of communications products and custom hybrids to the defense, aerospace and technology industries. The orders were for NHI's leading 1553 DataBus and custom hybrid circuits and were received from two large international companies. These products are critical to the Company's defense customers for the transmission of aviation data and vital sensing functions.

API Announces Name Change to API Technologies Corp. Name Change Reflects the Company's Evolution Into a Diversified Supplier to the Defense and Aerospace Industry

NEW YORK, NY -- October 27, 2009 -- API Technologies Corp. (OTCBB: ATNY) formerly (OTCBB: APIA) ("API" or the "Company"), a prime contractor in secure communications and electronic components and subsystems to the global defense and aerospace industry, is pleased to announce that is has completed a corporate name change from API Nanotronics Corp. to API Technologies Corp. 

As a result of the name change, the Company's shares of common stock will begin trading this morning under the new symbol "ATNY.OB" and under the new CUSIP number 00187E104. 

API Nanotronics Reports Record First Quarter Revenues of $9.2 Million: Recently Completed Cryptek Acquisition Significantly Expands Company Into New Growth Markets in the Defense and Secure Communications Sectors

NEW YORK, NY -- October 16, 2009 -- API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a prime contractor in secure communications and electronic components and subsystems to the global defense and aerospace industry, today announced operating results for the first quarter of fiscal 2010 ended August 31, 2009. 

Financial Highlights: 

-- Net revenue for the first quarter of fiscal 2010 was $9.2 million, a 16% increase over fiscal 2009 first quarter revenue of $7.9 million. Revenue in 2010 includes the contribution from Cryptek as at the date of the acquisition on July 07, 2009;

API Cryptek Wins Five New Contracts From the Canadian Government for Secure Communications Equipment: Governments Around the World Choose API Cryptek Products When Security of Information Is Paramount

NEW YORK, NY - October 5, 2009 -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 that Emcon Emanation ("Emcon"), the Canadian Division of API Cryptek, secured five new contracts for secure communications equipment from the Canadian Government. 

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. 

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