ORLANDO, Fla., November 14, 2012 — 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 it ranked 201 on Deloitte’s Technology Fast 500™ for 2012, which represents the 500 fastest-growing technology, media, telecommunications, life sciences and clean technology companies in North America based on revenue.
“We are pleased to once again be recognized by Deloitte in this manner,” said Bel Lazar, President and Chief Executive Officer of API Technologies. “After bringing together several strong businesses over the past year, we remain focused on top line growth and bottom line improvement in the quarters to come.”
“The companies on the Fast 500 list are among those that have demonstrated remarkable innovation, creativity and business savvy,” said Bill Ribaudo partner, Deloitte & Touche LLP and national TMT leader for audit and enterprise risk services (AERS). “As a result, these companies have continued to successfully forge ahead in a challenging economic environment. We applaud the leadership and employees of API Technologies for this impressive accomplishment.”
API Technologies previously ranked 206 as a Technology Fast 500™ award winner for 2011.
About Deloitte’s 2012 Technology Fast 500™
Technology Fast 500, conducted by Deloitte & Touche LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2007 to 2011.
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.
Tara Flynn Condon
Vice President, Corporate Marketing & Investor Relations