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API Technologies Announces New Switched Multiplexer with Integrated Low Noise Amplifier

Designed for Radar, EW, and ELINT Applications

Orlando, FL - January 07, 2014 – API Technologies Corp. (NASDAQ:ATNY) a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, is now offering a switched multiplexer that includes an integrated Low Noise Amplifier (LNA).  

Designed for radar, Electronic Warfare (EW) and Electronics Intelligence (ELINT) applications, this new multiplexer provides excellent broadband performance across the 2 GHz to 18 GHz range using suspended substrate stripline (SSS) technology. 

Specifically suited for agile receiver front ends and directional finding systems, API’s switched multiplexer provides a 20 dB gain with a 5 dB noise figure and fast switching at 100 nanoseconds as well as low DC power consumption of only 5.25 watts. Sub-octave filter bands used in the multiplexer provide excellent harmonic rejection and high isolation. 

API Technologies Completes Sale/Leaseback of State College, PA Facility

ORLANDO, Fla. & STATE COLLEGE, PA – January 6, 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 completion of a sale/leaseback transaction for its State College, PA location, located at 1900 West College Avenue, to Store Capital, a real estate investment firm, for $15.6 million. The Company used $14.3 million of the proceeds to pay down the Company’s term loan facility with Guggenheim Corporate Funding, LLC. As of August 31, 2013, the Company’s last reported financial quarter, the Company had $88.0 million in term debt obligations. As of January 3, 2014, the term loan balance is now $72.6 million.

New 2-18 GHz Broadband Synthesizer Announced by API Technologies

ORLANDO, Fla – December 12, 2013 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), 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 first in a new series of broadband synthesizers ideally suited for military requirements and high-end commercial applications such as microwave receivers, microwave telemetry systems, uplink communication platforms, instrumentation, and military communication systems. The new 2-18 GHz broadband synthesizer features a wideband design with low phase noise and excellent broadband performance, and is packaged in a hermetic, laser-welded housing.

API Technologies Achieves AS9100 Rev C Certifications for Two Additional Facilities

ORLANDO, Fla. – December 11, 2013 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today that it received two additional AS9100 Rev C aerospace site certifications, one for its RF/Microwave facility in Delmar, Delaware, and the other for its magnetics manufacturing operation in State College, Pennsylvania.

The AS9100 Rev C certification is based on the IAQG 9100-series standard quality management system requirements which are an internationally recognized quality management standard for the aerospace and defense industry. AS9100 certification involves a third-party verification process that includes a detailed review of the Company's quality processes and documentation. 

API Technologies’ Great Yarmouth Facility Expands Environmental Testing Facilities for Electronics

ORLANDO, Fla. and GREAT YARMOUTH, United Kingdom — November 20, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today that in response to a recent contract win, it has expanded its environmental testing capabilities in the Company’s Great Yarmouth (UK) location. 

“Our dynamic and climatic test services help our customers resolve any end product quality issues. We can provide extremely accurate environmental test simulations that precisely mimic the working environment of a product in the field,” said Matthew Richards, Senior Vice President and Managing Director, RF/Microwave & Microelectronics (RF2M UK), API Technologies Corp. 

API Technologies Named to Deloitte’s 2013 Technology Fast 500™ List for Third Consecutive Year

ORLANDO, Fla.  — November 13, 2013  — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced it ranked 153 on Deloitte’s Technology  Fast 500™, an annual ranking of the fastest growing technology, media, telecommunications, life sciences, and clean technology companies in North America. This marks API Technologies’ third, consecutive year of recognition on Deloitte’s Technology Fast 500 list. 

SST™ Streamline Range of TEMPEST Products Debuts

ORLANDO, Fla. & GLOUCESTER, UK   — November 12, 2013  — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced the launch of the SST™ Streamline RangeTM of TEMPEST computers and monitors. These SST TEMPEST systems are available to Ministry of Defence (MOD) and qualified government customers in western and eastern Europe.

API Technologies Receives $2.2 Million Follow-On Order to Provide Microwave Products for Next Generation Counterfire Radar

ORLANDO, FL – (Business Wire) – November 5, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it has won a $2.2 million follow-on order to provide microwave products to a Fortune 100 defense prime contractor for use in a major US Army counterfire radar program.

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

About API Technologies Corp.

API Technologies designs, develops and manufactures electronic systems, subsystems, RF and secure solutions for technically demanding defense, aerospace and commercial applications. API Technologies' customers include many leading Fortune 500 companies. API Technologies trades on the NASDAQ under the symbol ATNY. For further information, please visit the Company website at www.apitech.com.

API Technologies Debuts TPS75 Tactical Power Supply at AUSA 2013

New Power Supply Eliminates Need for Tactical Vehicle-Based Power to Support Power-Hungry RF and Mobile Networks, Reducing Tactical Vehicle Total Cost of Ownership 

ORLANDO, Fla.  and WASHINGTON, D.C. – AUSA 2013, Booth #7743 –  October 21, 2013 - API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, power, and security, solutions for critical and high-reliability applications, today announced that it will unveil its new TPS75 Tactical Power Supply at the Association of the United States Army (AUSA) Annual Meeting and Exposition. The unveiling will take place at the opening of the show, on October 21, 2013 at Booth 7743 at the Walter E. Washington Convention Center in Washington, DC. The show runs through October 23. 

API Technologies Reports Results for the Fiscal Third Quarter Ended August 31, 2013

  • Revenue of $62.6 million, up 6.6% over prior fiscal year third quarter
  • Adjusted EBITDA of $8.4 million
  • Net income of $7.0 million

ORLANDO, FL – (Business Wire) – October 9, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API”, “API Technologies”, or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced results for the fiscal third quarter ended August 31, 2013. Results for continuing operations for the third quarter and comparable historical periods do not include the Data Bus product line or Sensors business, which were sold July 5, 2013 and April 17, 2013, respectively. Results for the Data Bus product line and Sensors business are reported under discontinued operations.

New 44 GHz Millimeterwave Amplifier from API Technologies Debuts at European Microwave Week

 ORLANDO, Fla. and NUREMBERG, Germany – EuMW 2013, Booth #219 –  October 8, 2013 - API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today at European Microwave Week (Booth #219) the addition of a new standard 44 GHz millimeterwave (MMW) amplifier to its family of products. It features an ultra-high frequency, two-stage design for high gain and medium power, and is enclosed in a rugged laser welded SMA-connectorized housing. The EuMW Exhibition runs through October 10, 2013 at the Nuremberg Convention Center.

API Technologies to Present at IMAPS-UK CirciT Conference

ORLANDO, Fla. & GREAT YARMOUTH, UK — October 7, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today that Robert Hunt, Head of Technology and Strategic Business Development for its RF/Microwave & Microelectronics (RF2M UK)-Great Yarmouth Operations, will be a featured presenter at The Thick & Thin Film Circuit Technology (CirciT) Conference, October 17, 2013 in Coventry, England.

Mr. Hunt’s presentation, “Ultra High-temperature Operating Electronics for High -reliability Harsh Environment Applications,” will discuss current trends in high-temp electronic manufacturing, as well as real-life situations and solutions.

API Technologies to Showcase High-Reliability RF/Microwave, Power, and Security Solutions at AUSA 2013

Active Antenna Array Unit (AAAU) for AESA Radar and Tactical Power Supply Among Featured Products

ORLANDO, Fla.  — October 3, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and –high-reliability applications, announced today it is presenting innovative solutions from its RF/Microwave and Microelectronics, Electromagnetic Integrated Solutions (EIS), Power, and Security Systems & Information Assurance (SSIA) lines at the 2013 AUSA Annual Meeting and Exhibition in Washington, D.C., October 21-23, 2013, at Booth #7743.

API Technologies to Showcase RF/Microwave & Microelectronics Solutions at European Microwave Week

High-Reliability Commercial and Defense Electronics; European-based Microelectronics Featured

ORLANDO, Fla.  — October 2, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and –high-reliability applications, announced today it is presenting a wide-range of RF/Microwave solutions at European Microwave Week (EuMW) in Nuremberg, Germany, October 6-11, 2013, on Stand #219. 

API Technologies Announces Third Quarter Earnings Call

ORLANDO, Fla. – (Business Wire) – September 27, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it will host a conference call to review the Company’s results for the fiscal third quarter ended August 31, 2013 on Thursday, October 10, 2013 at 10:00 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’ New Family of Current Sensors/Transformers Measure a Wide Range of Currents

ORLANDO, Fla – September 19, 2013 - API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced the availability of its new 5300 series of current sensors and transformers that measure a wide range of AC currents by transforming them accurately from high to low measurable values.  

API Technologies Celebrates Outstanding Suppliers

ORLANDO, Fla. and GREAT YARMOUTH, UK  — September 2, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, recently held a Suppliers Day Event at Great Yarmouth Racecourse in the United Kingdom to recognise its suppliers and honour the outstanding performance of two of its suppliers, Hi-Rel Lids of Harleston, Norfolk and Kyocera Fineceramics of Frimley, Hampshire. Both companies achieved 24 months consecutive zero-defect supply and on-time delivery. 

API Technologies’ Secure Mobility Solutions for the Connected Warrior Showcased at DSEI

Products Include Ultra Portable SST™ brand TEMPEST Tablets and Laptops and Rugged INFOSEC Products

ORLANDO, Fla. and LONDON — August 19, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today that it will showcase solutions from both its RF/microwave and Secure Systems and Information Assurance (SSIA) product lines at the Defence and Security Equipment International (DSEI) exhibition. Featured SSIA solutions, including the Company’s secure mobility solutions and SST™ brand TEMPEST and Emanation Security products, will be available for viewing at Stand S8-100 from 10 September through 13 September at London’s ExCel Center.

API Technologies Receives $15 Million Contract from Canadian Government Agency for Secure Communication Systems

ORLANDO, Fla. and OTTAWA – (Business Wire) – August 14, 2013 – API Technologies Corp. (NASDAQ:ATNY) (“API Technologies” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that the Company’s Canadian-based EMCON® group, part of its Secure Systems and Information Assurance (SSIA) business, has partnered with a Global 2000 Canadian defence contractor to secure a major contract with a Canadian government agency for secure communication products. As part of the three-year agreement, EMCON will supply deployable secure communication suites, with a contract ceiling value of $15 million, of which the customer has already exercised $3.5 million.

No additional information may be shared due to the secure nature of the opportunity.

About API Technologies Corp.

API Technologies to Showcase New Modular AAAU Solution for AESA Radar at DSEI: Supports First Line Repair for Ease of Integration and Lower Cost of Ownership

ORLANDO, Fla. and LONDON (BUSINESS WIRE) — August 13, 2013 — API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced today that it will showcase solutions from its RF/microwave and secure communications product lines at the Defence and Security Equipment International (DSEI) exhibition. This includes the launch of API’s new modular Active Antenna Array Unit (AAAU) concept for radar systems. The unveiling will take place at the opening of the show, on 10 September at Stand S8-100 at the ExCel Center in London. The show runs through 13 September.

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