May 14, 2007 -- API Nanotronics Corp. (OTCBB: APIO) ("API") (the "Company"), a leading supplier of electronic components to the defense and communications sectors, announced today over $2 million in new orders to start the month of May.
The new orders totaled $2,322,732 and are highlighted by orders for $1,438,780 at API's Filtran division. Filtran supplies a variety of highly specialized transformers, inductors, and filters used in secure military and government radio communication systems.
Phillip DeZwirek, Chairman and CEO of API, stated, "We are encouraged by order momentum in the month of May. These orders indicate continued strength in the industries the company serves. May also provided another milestone for API as Dr. Martin Moskovits commenced fulltime duties as Chief Technology Officer. These events reinforce the company's plans of rounding out and expanding our technical capabilities through a program of strategic acquisitions and the introduction of MEMS-based technologies."
About API Nanotronics Corp.
API Nanotronics Corp. through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems and Keytronics, is engaged in the manufacture of electronic components and systems for the defense and communications industries. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships off-the-shelf and custom designed products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, Connecticut and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIO. For further information, please visit the company website at www.apinanotronics.com
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Except for statements of historical fact, the information presented herein constitutes forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which API Nanotronics Corp. and its subsidiaries and affiliates have little or no control.
ON BEHALF OF THE BOARD
API Nanotronics Corp.
Philip DeZwirek, CEO