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API Technologies’ Microwave System Enhances Receiver Range and Performance of Fast-Deployable Air Traffic Control Platform: Leverages Award-Winning Microwave Products to Aid in International Disaster Response

ORLANDO, Fla. – May 22, 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, has received a strategic microwave systems order for a fast-deployable Air Traffic Control (ATC) platform used for global military missions, including humanitarian aid and disaster response.

Featured elements of the API Technologies integrated microwave solution include a Low Noise Amplifier (LNA) assembly and multi-coupler front end along with filter banks, both used to facilitate voice communications between air traffic controllers and the aircraft.

The microwave system’s hallmark is the ability to deliver linear, low noise performance to support high dynamic range receivers, which extends overall system range, enabling aircraft to take off and land safely.

New Wireless Communications Filter from API Technologies Eliminates AWS Interference

Ideal for Use by Television Stations, Broadcast Wireless Services, and Cellular Base Stations

Orlando, FL May 21, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power and security solutions for critical and high-reliability applications, announced today a new portable, wireless communications bandpass filter that eliminates Advanced Wireless Service (AWS) interference at Electronic News Gathering-Receive Only (ENG-RO) BAS Channel A7.

API Technologies Introduces Multi-Conductor Cable Assemblies for Satellites

New Rugged Cables Expand Company’s Space Offering

Orlando, FL May 15, 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 manufactures a series of multi-conductor cable assemblies for satellites.  With this introduction, API has increased its capabilities of supporting space applications from its Electromagnetic Integrated Solutions (EIS) product line, the leader in EMI/RFI components and interconnects.

API Technologies Honors Top Electromagnetic Integrated Solutions Distributors and Sales Representatives at EDS 2014

Orlando, FL May 13, 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 revealed its annual Electromagnetic Integrated Solutions (EIS) international distributor and sales representative award winners. Awards were presented during the EDS 2014 industry event in Las Vegas, Nevada.

Top Distributor, EIS Products

TTI, Inc. of Fort Worth, Texas received Distributor of the Year honors for API’s EIS product line. TTI is a leading, international authorized distributor specialist and offers a broad line of passive, connector, electromechanical, and discrete components. 

API Technologies Wins Strategic Order for Front End Microwave System for Next Generation Radar Warning Receiver

ORLANDO, Fla.– (Business Wire) – May 12, 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 the receipt of a strategic order for a multi-channel microwave front end system. This integrated microwave assembly (IMA) will be used in a next generation radar warning receiver targeted for use in major Department of Defense military aircraft platforms.

The front end system will include the basic building blocks of pre-selection filtering, amplification and high isolation. It is designed around API’s suspended substrate stripline (SSS) technology, which enables broad frequency coverage, low loss, and fast switching speed in a small footprint.

API Technologies Receives Technology Award from United Kingdom Trade Group

Award Honors Florida Companies Contributing to the UK Economy

Orlando, FL May 9, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power and security solutions for critical and high-reliability applications, announced today it has been awarded the UK Trade & Investment (UKTI) GREAT Business Innovation Award in Technology during the annual BritWeek Miami event held in Southern Florida.

BritWeek Miami is an alliance between UKTI and the British Consulate General, which was developed to highlight the dynamic relationships between Britain and Florida. The Innovation Awards honor innovative British companies doing business in Florida, as well as Florida companies making a positive contribution to the British economy. 

API Technologies Receives $1.6 Million Filter Solutions Order for Electronic Warfare Application

ORLANDO, Fla.– (Business Wire) – April 29, 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 the receipt of a new $1.6 million award to provide microwave filters and switched filters to a leading global defense company. These high reliability filters will be used in a major airborne electronic warfare (EW) platform. 

“Our customers in the electronic warfare arena demand products that address a broad set of technical requirements with unparalleled performance and reliability,” said Bel Lazar, president and chief executive officer, API Technologies. “As a supplier to both emerging and existing EW platforms, our products are helping save the lives of warfighters from our armed forces and allies around the world every day.”

API Technologies Introduces 2 to 7 Channel Switched Filter Banks with Configurable Frequency Bands

Rugged, integrated devices ideal for EW and ELINT applications

Orlando, FL April 15, 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 standard switched filter banks with customer-specified frequency bands from 2 to 7 channels.  With lead times as fast as four weeks, the configurable solution significantly reduces development cycle time, resulting in cost savings and faster time to market.

API Technologies Reports Results for the Fiscal First Quarter Ended February 28, 2014

  • Revenue of $58.9 million
  • Capital structure simplification announced March 26

ORLANDO, Fla.– (Business Wire) – April 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 first quarter ended February 28, 2014.

“We delivered solid results this quarter, highlighted by Adjusted EBITDA expansion, cash generation, and overall margin improvements,” said Bel Lazar, President and Chief Executive Officer of API Technologies. “We continue to see sales funnel growth and strong customer adoption of our differentiated products across a diverse set of end markets. Furthermore, the simplification of our capital structure and reduction in API’s net liabilities related to the recent redemption of preferred stock delivers value to our shareholders.”

API Technologies Receives New $2.1 Million Order for Optical Network Solutions

ORLANDO, Fla.– (Business Wire) – April 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, today announced that it has received a new $2.1 million Power and Electromagnetic Integrated Solutions (EIS) order from a leading optical network company, host to the world’s largest wireless, broadband, and telecom providers.

The -48V DC Power Distribution Units are an integrated API Technologies solution, aimed at ensuring consistent clean power to the Optical Transport Network (OTN) and preventing system outages. The solution incorporates soft start, surge suppression, alarming, and EMI filtering capabilities to provide EMC protection and ensure consistent performance.

API Technologies Announces First Quarter Earnings Call

ORLANDO, Fla.– (Business Wire) – March 28, 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 first quarter ended February 28, 2014 after the market closes on April 9, 2014. A conference call to review the Company’s results will be held on April 10, 2014 at 10 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.

API Technologies Announces Preferred Stock Redemption and Consolidation of Credit Facilities

ORLANDO, Fla.– (Business Wire) – March 26, 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 the redemption of all of its Series A Preferred Stock for $27.6 million. Additionally, the Company amended its credit agreement with Guggenheim Corporate Funding, LLC, as administrative agent, to provide for an additional $55.0 million term loan. The proceeds of the incremental term loan were primarily used to redeem the Series A Preferred Stock and to pay off the Company’s asset backed revolving loan facility.

Bel Lazar, President and Chief Executive Officer of API Technologies said: “This transaction results in an immediate reduction in API’s net liabilities and simplifies our capital structure without incurring any dilution to our equity holders.”

About API Technologies Corp.

Power Systems and EMI Solutions to be Highlighted by API Technologies at APEC 2014

Power management products, power filters, and film capacitors to be spotlighted

Orlando, FL – February 28, 2014 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, will showcase its Power Systems and Electromagnetic Integrated Solutions product lines at Booth #1133 during the Applied Power Electronics Conference (APEC). The APEC 2014 Exhibition takes place March 17-19, 2014 at the Fort Worth Convention Center in Fort Worth, TX.

Durable, Low Pressure Overmolded Backshell Cable Assemblies Available from API Technologies

Backshells Offer Improved Reliability and Superior Strain Relief

Orlando, FL February 24, 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 durable, low pressure overmolded backshells on connector interfaces from its Electromagnetic Integrated Solutions (EIS) product line, the leader in EMI/RFI components and interconnects. This simplified backshell design is readily available and more cost-effective than its metal counterpart.

API Technologies Reports Results for the Fiscal Fourth Quarter Ended November 30, 2013

  • Fourth quarter revenue of $59.1 million, up 10.7% over prior fiscal year fourth quarter
  • Revenue from continuing operations for fiscal year 2013 of $244.3 million compared to $242.4 million in fiscal year 2012
  • Term loan repayments totaling $92.4 million through February 12, 2014

ORLANDO, Fla.– (Business Wire) – February 12, 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 fourth quarter and twelve months ended November 30, 2013.

API Technologies Wins New $3.9 Million Order for Microwave Subsystems from MBDA for Use in Sea Ceptor Program

ORLANDO, Fla.– (Business Wire) – February 11, 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 received a new, $3.9 million order for microwave subsystems from MBDA for use in the Sea Ceptor program, MBDA’s next generation, single-tier, all-weather air defense system.

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

API Technologies Earns FIPS 140-2 Publication Validation for Cryptographic Module from NIST: Module Added to Short List of Products Qualified to Protect Sensitive Government and Military Information

ORLANDO, Fla.– (Business Wire) - February 7, 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 its Common Cryptographic Module has been validated by the National Institute of Standards and Technology’s (NISTs) Federal Information Processing Standard (FIPS) Publication 140-2.

This standard’s validation assures the U.S. Department of Defense, and its agencies, that API’s Common Cryptographic Module meets the rigorous security requirements for government and military use. Only modules tested and validated to FIPS 140-2 (and its predecessor FIPS 140-1) meet the applicability requirements to protect sensitive information.

API Technologies Announces Fourth Quarter Earnings Call

ORLANDO, Fla.– Business Wire – January 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, today announced that it would issue its earnings release for the fiscal fourth quarter and year-ended November 30, 2013 after the market closes on February 12, 2014. A conference call to review the Company’s results will be held on February 13, 2014 at 10 a.m. EST. Bel Lazar, President and Chief Executive Officer, and Phil Rehkemper, Executive Vice President and Chief Financial Officer, will host the call.

API Technologies Introduces Radiation Tolerant Voltage Controlled Surface Acoustic Wave Oscillators (VCSOs)

Manufactured using a MIL-PRF-38534 Class K certified facility

Orlando, FL – January 23, 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 a new line of radiation tolerant voltage controlled Surface Acoustic Wave (SAW) oscillators (VCSO) for space, satellite communications, and aerospace systems. API Technologies is the first manufacturer of radiation tolerant VCSOs utilizing a MIL-PRF-38534 Class K certified facility.