ORLANDO, Fla.– (PR Newswire) – June 30, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced that Domingo Isasi has been named to the newly created role of Vice President of Continuous Improvement for API Technologies, effective June 29, 2015. In this new position, Mr. Isasi will report to API Technologies’ President and CEO and lead worldwide continuous improvement efforts related to delivery, quality, and reliability excellence, as well as drive cost-efficiency initiatives.
Bob Tavares, President and Chief Executive Officer of API Technologies, stated: “Fostering a culture of continuous improvement must begin at the highest level within an organization. The creation of this new role demonstrates API’s continued commitment to providing customers the highest quality products, delivered on time, to specification, and at the best overall cost. Domingo brings 15 years of experience to the position and will be a strong asset to driving process improvements and cost efficiencies across the entire API organization.”
Mr. Isasi is a Six Sigma Master Black Belt and is a certified Master in lean manufacturing processes. Most recently, Mr. Isasi served as Director of Global Continuous Improvement for WEX, Inc. (NYSE: WEX), a global provider of payment processing and information management services. Prior to WEX, Inc., Mr. Isasi was the Director of Intelligent Quality at Inmar, Inc., a multi-national leader in supply chain technology and optimization solutions. Mr. Isasi was also the Managing Partner and Founder of TPM Partners, LLC, a North Carolina-based consulting firm that provided continuous improvement and business operational value capture to worldwide manufacturing companies. Mr. Isasi received an MBA from Wake Forest University and a B.A. degree from the University of Maryland.
About API Technologies Corp.
API Technologies (NASDAQ: ATNY) is an innovative designer and manufacturer of high performance systems, subsystems, modules, and components for technically demanding RF, microwave, millimeterwave, electromagnetic, power, and security applications. A high-reliability technology pioneer with over 70 years of heritage, API Technologies products are used by global defense, industrial, and commercial customers in the areas of commercial aerospace, wireless communications, medical, oil and gas, electronic warfare, unmanned systems, C4ISR, missile defense, harsh environments, satellites, and space. Learn more about API Technologies and our products at www.apitech.com.
Safe Harbor for Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements. All forward-looking statements, including those related to the results of process improvement efforts, are subject to certain risks, uncertainties and assumptions 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. These risks and uncertainties include, but are not limited to, general economic and business conditions, including without limitation, reductions in government defense spending; government regulations; our ability to integrate and consolidate new operations; and our ability to expand our operations in both new and existing markets. Should one or more of these risks or uncertainties materialize, or should the assumptions prove incorrect, actual results may vary in material aspects from those currently anticipated. The forward-looking statements in this news release should be read in conjunction with the more detailed descriptions of the above factors located in our Annual Report on Form 10-K under Part I, Item 1A “Risk Factors” as well as those additional factors we may describe from time to time in other filings with the Securities and Exchange Commission. All information in this release is as of the date hereof. We undertake no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements in this press release, whether as a result of new information, future events, or otherwise.