RONKONKOMA, NY - (PRNewswire) - September 30, 2010 - API Technologies Corp. (OTC.BB: ATNY), a provider of highly engineered products and services to the global defense sector, today announced that it has been honored as a recipient of the prestigious Three Star Supplier Excellence Award by Raytheon Space and Airborne Systems in recognition of its outstanding performance over the past year. The award was presented at the 4th Annual Raytheon Supplier Excellence Awards held on September 29, 2010 in Dallas, Texas.
Raytheon instituted the annual Supplier Excellence Award program to recognize suppliers for “exemplary performance in working with the company”. Winners of the award undergo a rigorous assessment process and are judged on important criteria, including overall quality of services and on-time delivery as well as price and management responsiveness. API Technologies is one of a small, elite group of suppliers that has maintained the highest standards in Raytheon’s supplier performance.
Steve Pudles, CEO of API Defense USA said, “We are very proud to be honored by Raytheon. This award highlights our strong focus on the key attributes that Raytheon seeks in a supplier, particularly the delivery of flexibility, cost, speed and innovation in response to their changing needs.”
About API Technologies Corp.
The Company, through its subsidiaries, is a prime contractor in engineered systems, components and secure communications to the global defense and aerospace industry. API Technologies’ customers include the governments of the U.S., Canada, the United Kingdom, NATO and the European Union, as well as many of the leading Fortune 500 companies. The Company is engaged in providing innovative design, engineering and manufacturing solutions to its customers. API Technologies trades on the OTC Bulletin Board under the symbol ATNY. For further information, please visit the company website 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 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, which are more fully described in the Company's Annual and Quarterly Reports filed with the Securities and Exchange Commission, include but are not limited to, general economic and business conditions, government regulations, our ability to integrate and consolidate our operations, our ability to expand our operations in both new and existing markets, and the effect of growth on our infrastructure. 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. 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.
Executive Vice President
API Technologies Corp.
The Investor Relations Group
James Carbonara or Adam Holdsworth, 212-825-3210
Tara Flynn Condon
API Technologies Corp.