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.

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