Press Release

New Snap-On Load Detector from API Technologies Designed for Low Current Sensing Applications


Spectrum Power AC SmartStart PDU, 16 Port

Ideal for Low Cost Energy Management and Automation Control

Orlando, FL– July 17, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, now offers the LD-50, a magnetic, snap-on load detector for mounting on pre-wired systems that does not disrupt existing connections.  

The LD-50 is a high sensitivity current transformer specifically designed for applications where low current is monitored. A primary winding is supplied to increase sensitivity of the transformer.

API Technologies Reports Results for the Fiscal Second Quarter Ended May 31, 2014

ORLANDO, Fla.– (PR Newswire) – July 9, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced results for the fiscal second quarter ended May 31, 2014.

Results for the Quarter Ended May 31, 2014

API Technologies reported fiscal second quarter revenue of $53.2 million.

For the fiscal second quarter of 2014, GAAP gross margin as a percentage of sales was 19.6%; non-GAAP gross margin was 22.2%.

API Technologies posted a net loss of $15.0 million for the fiscal second quarter, primarily due to the write-off of note discounts and deferred financing charges from debt extinguishment, which were $10.2 million. Adjusted EBITDA for the fiscal second quarter was $4.3 million. Restructuring costs recorded in the three months ended May 31, 2014 were approximately $1.0 million.

API Technologies Wins High Power Amplifier Order for U.S. Department of Defense Maritime Program

ORLANDO, FL– (PR Newswire) – July 3, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today it has received a new order to supply high-power amplifier systems as part of a DoD maritime requirement. This initial order is part of a multi-million dollar program with first production delivery set for May 2015.

This order follows API’s announcement of its expanded power amplifier product line made at the IEEE MTT-S International Microwave Symposium last month.

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

API Technologies Announces Second Quarter Earnings Call

ORLANDO, Fla.– June 27, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced that it would issue its earnings release for the fiscal second quarter ended May 31, 2014 after the market closes on July 9, 2014. A conference call to review the Company’s results will be held on July 10, 2014 at 10 a.m. Eastern Daylight Time. Bel Lazar, President and Chief Executive Officer, and Claudio Mannarino, Chief Financial Officer, will host the call.

API Technologies Announces Promotion of Claudio Mannarino to Chief Financial Officer

ORLANDO, Fla.– (Business Wire) – June 23, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today that Claudio Mannarino, Senior Vice President, has been promoted to Senior Vice President and Chief Financial Officer, effective immediately, replacing Phil Rehkemper who resigned his position as CFO to accept another position. Mr. Rehkemper has served as CFO since April 2012. Mr. Rehkemper has agreed to remain with the Company until July 3, 2014 to assist in the CFO transition.

API Technologies Introduces New Line of Radiation-Hardened Power Conversion and Control Products: Space qualified designs feature smaller footprints at a lower cost

API Technologies - Radiation-Hardened Power Control
Orlando, Fla and Tampa, Fla - IEEE MTT-S International Microwave Symposium (IMS 2014), Booth #1515 – (Business Wire) – June 3, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, introduces a new line of radiation-hardened (rad-hard) power conversion and control products designed for extreme environmental conditions and radiation exposure. The new line of rad-hard power products includes linear voltage regulators with adjustable or fixed output voltages (positive and negative voltage options), highly efficient point-of-load (switching) regulators, as well as solid state relays (SSR), which include radiation-hardened single pole, double throw (SPDT) SSR.

API Technologies Debuts GaN Power Amplifier Drivers at the International Microwave Symposium: New broadband GaN drivers feature a complete front-to-back amplifier solution

API Technologies - Power Amp Drivers

Orlando, Fla and Tampa, Fla - IEEE MTT-S International Microwave Symposium (IMS 2014), Booth #1515 - June 2, 2014 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, debuts a new line of Gallium Nitride (GaN) drivers to provide a complete, front-to-back amplifier solution for applications requiring high levels of gain and output power.

These hybrid-based power amplifier drivers are an extension of the Company’s broad RF and microwave amplifier product offering, which includes small signal, low noise, and high power output products, for commercial, military, medical, and industrial applications.

API Technologies Introduces 1,000 Watt Pulsed Power Amplifiers: Expanded line of GaN-based power amplifiers is targeted for TWT replacement

API Technologies - Pulsed Power Amplifiers
Orlando, Fla. – (Business Wire) - May 30, 2014 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, expands its line of Gallium Nitride (GaN) based power amplifiers to include designs that operate with output power levels up to 1,000 watts and frequencies to 18 GHz. These new pulsed, solid state power amplifiers are making their debut at the IEEE MTT-S International Microwave Symposium (IMS 2014) in Tampa, Florida.

These new power amplifiers can serve as a cost-effective replacement for traveling wave tubes (TWT), as the amplifiers’ long life and reduced size and weight offer better efficiencies than their TWT counterparts.

API Technologies Wins ECN IMPACT Awards: Recognized for Outstanding Achievement in Electronic Design and Groundbreaking Innovation

ORLANDO, Fla.– (Business Wire) – May 27, 2014 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, today announced that it has been recognized by Electronic Component News (ECN) with two 2014 ECN IMPACT Awards, presented during the Electronic Distribution Show (EDS) held earlier this month.

Judged by panel of industry experts, the awards recognize outstanding achievement in electronic design and groundbreaking innovation.

API Technologies to Feature High Reliability, Engineer-Friendly Products at IMS 2014

Amplifiers, Microelectronics, Filters, Active and Passive Components, Integrated Microwave Assemblies, and System-Level-Ready Solutions to be Showcased

Orlando, FL May 23, 2014 – API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a leading provider of high performance RF/microwave, power and security solutions for critical and high-reliability applications, will showcase a wide variety of the company’s latest high reliability, engineer-friendly products during the 2014 IEEE MTT-S International Microwave Symposium (IMS 2014).  API will be in Booth 1515 during the exhibition, which takes place June 3-5 at the Tampa Convention Center in Tampa, Florida.

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