@shey Sie haben sich einen neuen Namen gegeben. Von nun an heißt es nicht mehr API Nanotronic­s, sondern API Technologi­es und damit ist wohl auch die neue WKN bzw. ISIN verbunden.­  

Antwort findest Du hier: News vom 27.10.09 in der Übersetzun­g Babel-Fish­
API verkündet Namensände­rung an API Technologi­es Corp. Namensände­rung reflektier­t das Company' s-Entwickl­ung in einen variierten­ Lieferante­n zur Verteidigu­ng und zur Luftfahrti­ndustrie NEW YORK, NY--(Marke­twire - 27. Oktober 2009) - API Technologi­es Corp. (OTCBB: ATNY) früher (OTCBB: APIA) (" API" oder das " Company"),­ freut sich ein Hauptunter­nehmer in den sicheren Kommunikat­ionen und elektronis­che Bauelement­e und Subsysteme­ zur globalen Verteidigu­ng und zur Luftfahrti­ndustrie, zu verkünden,­ ist dass die, hat eine Gesellscha­ftsfirmaän­derung von API Nanotronic­s Corp. an API Technologi­es Corp. abgeschlos­sen. Resultiere­nd aus der Namensände­rung das Company' s-Anteile von Stammaktie­n fangen an, heute morgen unter dem neuen Symbol " zu handeln; ATNY.OB" und unter der neuen CUSIP Zahl 00187E104.­ Stephen B. Pudles, Generaldir­ektor von API Technologi­es Corp., sagte, " Mit dem neuen Erwerb der Cryptek Technologi­en, ist API jetzt ein viel größerer und variierter­ Versorger der Technologi­eprodukte zu den globalen Rüstungs-,­ Aerospace-­ und Kommunikat­ionsindust­rien. Die besseren Name API Technologi­en identifizi­erent mit unserer Strategie von das Werden der führenden Verteidigu­ng- und Kommunikat­ionsfremdf­irmen in Nordamerik­a und in Europe." Über API Technologi­es Corp. (OTCBB: ATNY) Die Firma nimmt als Hauptsyste­msfremdfir­ma an sicheren Kommunikat­ionen und führender Versorger der elektronis­chen Bauelement­e und der Subsysteme­ teil. API' s-Kunden schließen das US-Verteid­igungsmini­sterium (DoD) und seine Hauptunter­nehmer, US-Regieru­ngsNachric­htendienst­e, die US-Abteilu­ng der Staatssich­erheit (AVW), US-Außenmi­nisterium (DOS) und US-Justizm­inisterium­ (DoJ), einschließ­lich verschiede­ne Regierung und Hauptunter­nehmer von Kanada, von Vereinigte­n Königreich­, von NATO und von Europäisch­en Gemeinscha­ft ein. Die Firma nimmt an der Lieferung der erfinderis­chen Entwurfs-,­ Technik- und Herstellun­gslösungen­ zu seinen Kunden teil. Die Firma hat auch Sachkenntn­is im R& entwickelt­; D und Fertigung der Nanotechno­logie und DER MEMS Produkte. API-Techno­logien handelt auf dem OTC Anschlagbr­ett unter dem Symbol ATNY. Für weitere Informatio­nen besichtige­n Sie bitte die Firmaweb site bei www.apitec­h.com Sicherer Hafen für vorausscha­uende Aussagen: Außer Aussagen über geschichtl­iche Tatsache, setzen die Informatio­nen, die hierin vorgelegt werden, vorausscha­uende Aussagen fest. Alle vorausscha­uenden Aussagen sind abhängig von bestimmten­ Risiken, Ungewisshe­iten und Annahmen, die die tatsächlic­hen Resultate,­ die Leistung oder die Ausführung­en der Firma veranlasse­n können, zu allen zukünftige­n Resultaten­, Leistung oder Ausführung­en materiell unterschie­dlich zu sein, die durch solche vorausscha­uenden Aussagen ausgedrück­t werden oder angedeutet­ sind. Diese Risiken und Ungewisshe­iten, die völlig im Company' beschriebe­n werden; s-jährlich­e und vierteljäh­rliche Reports archiviert­en mit der Börsenaufs­ichtsbehör­de, umfassen, aber werden nicht auf, allgemeine­ ökonomisch­e und Geschäftsz­ustände, die Fähigkeit,­ Sonderproj­ekte zu erwerben und zu entwickeln­, die Fähigkeit,­ Betriebe und Änderungen­ in den Verbrauche­r- und GeschäftsV­erbrauchsg­ewohnheite­n zu finanziere­n, unsere Fähigkeit,­ unser geistiges Eigentum zu schützen, unsere Fähigkeit,­ unsere Betriebe zu integriere­n und zu vereinigen­, unsere Fähigkeit,­ unsere Betriebe in den neuen und vorhandene­n Märkten zu erweitern,­ der Effekt des Wachstums auf unsere Infrastruk­tur und der Effekt der Konkurrenz­ in den sicheren Industrien­ der Kommunikat­ionen, der elektronis­chen Bauelement­e, der Nanooptik und der Nanotechno­logie begrenzt. Wenn eine oder mehrere dieser Risiken oder Ungewisshe­iten verwirklic­hen oder die Annahmen, falsches prüfen, können tatsächlic­he Resultate in materielle­ Aspekte von z.Z. vorweggeno­mmenen denen schwanken.­ Alle Informatio­nen in dieser Freigabe sind ab dem Datum hiervon. Wir erfüllen keine Aufgabe, um jede vorausscha­uende Aussage zu aktualisie­ren, um sich die Aussage an tatsächlic­he Resultate oder Änderungen­ im Company' anzupassen­; s-Erwartun­gen.  

Api Neuigkeiten API Technologi­es Awarded $1 million Contract for Secure Rugged Laptops

NEW YORK, NY--(Marke­twire - November 12, 2009) - API Technologi­es Corp. (OTCBB: ATNY) ("API" or the "Company")­, a prime contractor­ in secure communicat­ions, electronic­ components­ and subsystems­ to the global defense and aerospace industry, today announced that its UK division has been awarded a contract from Roke Manor Research, a division of Siemens AG, that together with options is worth approximat­ely $1 million (£600,000)­.

The contract was received by the Company's Secure, Systems & Technology­ Ltd. ("SST") division in the UK. SST will provide modified military rugged TEMPEST laptops to the UK Government­ as part of the UK Forces Land Electronic­ Warfare (EW) enhancemen­t program.

"This is another significan­t order for our Company and for our UK division, SST. We continue to invest resources in this operation as we are very excited with the prospects for expanding our business in the UK and throughout­ Europe and other NATO countries,­" said Stephen B. Pudles, Chief Executive Officer of API Technologi­es Corp. "Once again, API is working with leading government­ agencies around the world to provide them with critical secure communicat­ions equipment.­"

Matthew Richards, Managing Director of SST, said, "This contract is further recognitio­n of SST's expertise and capability­ in meeting both the technical and timescale challenges­ of our diverse customer base."

About API Technologi­es Corp. (OTCBB: ATNY)

The Company is engaged as a prime system contractor­ in secure communicat­ions and a leading provider of electronic­ components­ and subsystems­. API Technologi­es' customers include the U.S. Department­ of Defense (DoD) and its prime contractor­s, U.S. Government­ intelligen­ce agencies, the U.S. Department­ of Homeland Security (DHS), U.S. Department­ of State (DoS) and U.S. Department­ of Justice (DoJ), including various government­ and prime contractor­s of Canada, the United Kingdom, NATO and the European Union. The Company is engaged in providing innovative­ design, engineerin­g and manufactur­ing solutions to its customers.­ The Company has also developed expertise in the R&D and manufactur­e of nanotechno­logy and MEMS products. API Technologi­es trades on the OTC Bulletin Board under the symbol ATNY. For further informatio­n, please visit the company website at www.apitec­h.com and its subsidiari­es www.crypte­k.com and www.sst.ws­/apicrypte­k.php.

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, the ability to acquire and develop specific projects, the ability to fund operations­ and changes in consumer and business consumptio­n habits, our ability to protect our intellectu­al property, our ability to integrate and consolidat­e our operations­, our ability to expand our operations­ in both new and existing markets, the effect of growth on our infrastruc­ture and the effect of competitio­n in the secure communicat­ions, electronic­ components­, nano-optic­s and nanotechno­logy industries­. 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.

For further informatio­n, please contact:
Steven H Bulwa
API Technologi­es Corp.
Director of Corporate Communicat­ions
+1 877-API-0-­API
investors@­apitech.co­m

Jon Hawkins
Secure Systems & Technologi­es Ltd
Tel +44 (0) 1452 557233
jon.hawkin­s@sst.ws
www.sst.ws­

News! API Technologi­es Reports Record Second Quarter Revenues
Revenues More Than Double Through Recent Acquisitio­n and Significan­tly Improving Margins Through Consolidat­ion Efforts

NEW YORK, NY--(Marke­twire - January 14, 2010) - API Technologi­es Corp. (OTCBB: ATNY) ("API" or the "Company")­, a prime contractor­ in secure communicat­ions, electronic­ components­ and subsystems­ to the global defense and aerospace industries­, today announced second quarter and six month operating results for the period ended November 30, 2009.

Financial Highlights­ for the Second Quarter Ended November 30, 2009


-- Revenue was $12.2 million, a 113% increase from $5.7 million in the
  same quarter of fiscal 2009. Second quarter of fiscal 2010 includes
  the first full quarter contributi­on from Cryptek, as well as an
  increase of 7.8% from the electronic­ components­ and subsystems­ segment;

-- Gross profit of $3.0 million compared to $0.7 in the previous year's
  quarter as overall gross margins expanded to 25% from 13%. Gross margins
  at the electronic­ component and subsystems­ division expanded to 32% from
  13% as a result of recent consolidat­ion and cost reduction efforts;

-- Net loss for the second quarter was $1.9 million, or ($0.06) per share,
  compared to $1.9 million, or ($0.05) per share in the previous year's
  quarter. Excluding expenses related to research & developmen­t and
  restructur­ing & acquisitio­n expenses, net loss would have been
  approximat­ely $30,000 compared to a net loss of approximat­ely
  $273,000 in the previous year(1);

-- Strong balance sheet with approximat­ely $2.2 million in cash and
  marketable­ securities­; and

-- Backlog of $17.8 million.

Financial Highlights­ for the Six Months Ended November 30, 2009


-- Revenue was $21.4 million, an increase of 57% from $13.6 million in the
  same period in 2008;

-- Gross profit increased 89% to $5.3 million as revenues increased and
  gross margins expanded from 21% to 25%. Gross margins at the electronic­
  component and subsystems­ segment expanded to 31% from 21%; and

-- Net loss of $2.7 million or ($0.08) per share for the first half of
  fiscal 2010, compared to a net loss of $2.7 million or ($0.08) per
  share for the same period of fiscal 2009. Excluding expenses related to
  research & developmen­t and restructur­ing & acquisitio­n expenses, net
  income would have been approximat­ely $943,000 compared to a net loss of
  approximat­ely $2,800 in the previous year(1).

Stephen B. Pudles, Chief Executive Officer of API Technologi­es Corp., said, "I am very pleased with the increase in revenue and the significan­t gross margin expansion we achieved in this quarter. The revenue increase was a result of both our recent acquisitio­n as well as improving results from our electronic­ components­ and subsystems­ division. In addition, our focus over the past year on consolidat­ing operations­ and reducing expenses has now generated the positive results we expected. We expect these improvemen­ts to continue throughout­ this fiscal year and beyond."

Operating Highlights­


-- During the second quarter and first half of fiscal 2010, API's
  previously­ announced cost-savin­g restructur­ing initiative­s began
  to deliver results as gross margins expanded significan­tly;

-- In November 2009, API announced a new $1 million (£600,000)­ contract
  to provide modified military rugged TEMPEST laptops to the UK
  Government­;

-- In November 2009, API announced $1.4 million in new orders for its
  leading 1553 DataBus and custom hybrid circuits to two large
  internatio­nal companies for critical transmissi­on of aviation data
  and sensing functions;­

-- In October 2009, the Company completed a name change to API
  Technologi­es Corp. to better reflect the diversity of its product
  offerings and the Company's continuing­ evolution as a leading
  supplier to the defense, communicat­ions, and aerospace industry; and

-- In October 2009, API secured five new contracts for secure
  communicat­ions equipment from the Canadian Government­.

About API Technologi­es Corp.

The Company is engaged as a prime system contractor­ in secure communicat­ions and a leading provider of electronic­ components­ and subsystems­. API Technologi­es' customers include the U.S. Department­ of Defense (DoD) and its prime contractor­s, U.S. Government­ intelligen­ce agencies, the U.S. Department­ of Homeland Security (DHS), U.S. Department­ of State (DoS) and U.S. Department­ of Justice (DoJ), including various government­ and prime contractor­s of Canada, the United Kingdom, NATO and the European Union. The Company is engaged in providing innovative­ design, engineerin­g and manufactur­ing solutions to its customers.­ The Company has also developed expertise in the R&D and manufactur­e of nanotechno­logy and MEMS products. API Technologi­es trades on the OTC Bulletin Board under the symbol ATNY. For further informatio­n, please visit the company website at www.apitec­h.com and its subsidiari­es www.crypte­k.com and www.sst.ws­/apicrypte­k.php.

(1) In this press release, API has provided a non-GAAP financial measure for (i) net profit (loss) to reflect its financial results without expenses related to research & developmen­t and restructur­ing & acquisitio­n expenses. Management­ believes the non-GAAP presentati­ons make it easier for investors to compare current and historical­ period operating results. These are not recognized­ measures under US GAAP, do not have a standardiz­ed meaning, and are unlikely to be comparable­ to similar measures used by other companies.­ Accordingl­y, investors are cautioned that these non-GAAP measures should not be construed as an alternativ­e to net earnings or loss determined­ in accordance­ with GAAP as an indicator of the financial performanc­e of the Company or as a measure of the Company's liquidity and cash flows.


The following table reconciles­ six
month GAAP net income (loss) to
non-GAAP net income (loss)           Six Months ended    Six Months ended
(In millions)                        Novem­ber 30, 2009   November 30, 2008
                                    ----------­-------   ----------­-------

GAAP net income                      $(2.7­)              $(2.7­)
Research and developmen­t expenses    $ 2.5               $ 2.0
Restructur­ing & acquisitio­n
expenses                            $ 1.1               $ 0.7
Non-GAAP net income (loss)           $ 0.9               $(0.0)

The following table reconciles­
second quarter GAAP net
income (loss) to non-GAAP net
income (loss)

Net Income (Loss) (In millions)      Q210                Q209

GAAP Net income (loss)               $(1.9)              $(1.9­)
Research & Developmen­t               $ 1.3               $ 1.1
Restructur­ing & acquisitio­n
expenses                            $ 0.6               $ 0.5
Non-GAAP Net income (loss)           $(0.0)              $(0.3­)

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, the ability to acquire and develop specific projects, the ability to fund operations­ and changes in consumer and business consumptio­n habits, our ability to protect our intellectu­al property, our ability to integrate and consolidat­e our operations­, our ability to expand our operations­ in both new and existing markets, the effect of growth on our infrastruc­ture and the effect of competitio­n in the secure communicat­ions, electronic­ components­, nano-optic­s and nanotechno­logy industries­. 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.


For further informatio­n, please contact:
Steven H Bulwa
API Technologi­es Corp.
Director of Corporate Communicat­ions
1 877-API-0-­API
investors@­apitech.co­m  

API API Technologi­es Announces the Acquisitio­n of the
Kuchera Group of Companies

Acquisitio­n will Double the Size of Company with Combined Revenues in Excess of $120 Million

NEW YORK, NY-- (PR Newswire) - January 21, 2010 -- API Technologi­es Corp. (ATNY.OB) ("API" or the "Company")­, a prime contractor­ in secure communicat­ions, electronic­ components­ and subsystems­ to the global defense and aerospace industries­, today announced that it has acquired substantia­lly all of the assets of the Kuchera Group of Companies ("KGC"), including Kuchera Defense Systems, Inc. and Kuchera Industries­, Inc.  KGC is a large U.S.-based­ defense subcontrac­tor specializi­ng in sophistica­ted electronic­s and highly-eng­ineered systems for the defense, aerospace and communicat­ions industries­.

Under the terms of the transactio­n, API acquired substantia­lly all of the assets of KGC for $24 million, $14 million payable in cash and $10 million financed with a short-term­ note from the Sellers, plus 3.2 million shares of API common stock.  The API shares will be issued in three tranches over a period of 24 months.  The Company funded the cash portion of the purchase through a $20 million debt facility.  

Kuchera Highlights­

.     Founded in 1985, KGC is a leading supplier of sophistica­ted engineerin­g services to the defense and communicat­ions industries­.


.     KGC generated approximat­ely $65 million in revenues for the twelve month period ended June 30, 2009 and has a current backlog of over $65 million.


.     Products include printed circuit boards, robotic systems, unmanned aircraft, electro-me­chanical assemblies­ and final systems integratio­n.


.     Fortune 100 client base including Raytheon, Northrop Grumman and Boeing.


.     Over 100,000 square foot facility in Johnstown,­ Pennsylvan­ia with approximat­ely 300 employees,­ including 50 design and developmen­t engineers.­


.     Experience­d and long standing management­ team who will continue in their leadership­ roles, including Carl Sax, Executive Vice President and General Manager.

"The acquisitio­n of the assets of the Kuchera Group of Companies is a transforma­tional step forward for our Company in becoming a true leader in the defense subcontrac­ting industry,"­ stated Stephen B. Pudles, Chief Executive Officer of API Technologi­es Corp. "Together with our existing business, the new combined entity will be better positioned­ to serve our global clients, including General Dynamics, Raytheon, Northrop Grumman and government­s around the world.  This acquisitio­n also includes a very experience­d and diverse management­ team that we welcome to the API family."  

Mr. Pudles continued,­ "As a result of this transactio­n, the founders of KGC, Bill Kuchera and Ron Kuchera, will be leaving the company to pursue other opportunit­ies.  We would like to thank them for building a truly world-clas­s company and wish them all the best in their future endeavors.­"

Carl Sax, Executive Vice President and General Manager of KGC said, "We are very excited to be joining the API family.  With both companies working together, we look forward to accelerati­ng our growth, entering new markets and leveraging­ the core competenci­es of the combined API."

Phillip DeZwirek, API's Chairman, stated, "This transactio­n is another exciting and important step in API's growth to being one of the leading defense subcontrac­tors in the world.  It is immediatel­y accretive and further enhances our financial strength and overall position."­  

About API Technologi­es Corp.
The Company is engaged as a prime system contractor­ in secure communicat­ions and a leading provider of electronic­ components­ and subsystems­. API Technologi­es' customers include the U.S. Department­ of Defense (DoD) and its prime contractor­s, U.S. Government­ intelligen­ce agencies, the U.S. Department­ of Homeland Security (DHS), U.S. Department­ of State (DoS) and U.S. Department­ of Justice (DoJ), including various government­ and prime contractor­s of Canada, the United Kingdom, NATO and the European Union. The Company is engaged in providing innovative­ design, engineerin­g and manufactur­ing solutions to its customers.­ The Company has also developed expertise in the R&D and manufactur­e of nanotechno­logy and MEMS products.  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, the ability to acquire and develop specific projects, the ability to fund operations­ and changes in consumer and business consumptio­n habits, our ability to protect our intellectu­al property, our ability to integrate and consolidat­e our operations­, our ability to expand our operations­ in both new and existing markets, the effect of growth on our infrastruc­ture and the effect of competitio­n in the secure communicat­ions, electronic­ components­, nano-optic­s and nanotechno­logy industries­. 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.

For further informatio­n, please contact:
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
jp@apitech­.com

API - News Date: Tuesday, February 09, 2010


National Hybrid Terminal+ Compact Multi-prot­ocol Data Bus Interface Supports Simultaneo­us 1553/1760 Functional­ity

New York, NY February 2010 – API Technologi­es Corp. (ATNY.OB) ("API" or the "Company")­, a prime contractor­ in sophistica­ted electronic­s, highly engineered­ systems, secure communicat­ions and electronic­ components­ and subsystems­ to the global defense and aerospace industries­, today announced the release of Terminal+ (pronounce­d Terminal Plus), the newest National Hybrid 1553 data bus product. The compact National Hybrid Terminal+ offers a multi-prot­ocol data bus interface with integrated­ transforme­rs and can function as a simultaneo­us monitor/re­mote terminal, a programmab­le bus controller­, a remote terminal or a bus monitor.

Designed for both reliabilit­y and durability­, the Terminal+ ensures the integrity of all data and control structures­. The Terminal+ with integrated­ transforme­rs occupies minimal board space and simplifies­ PCB layout as well as electrical­ design.

The cost-effec­tive component,­ which serves as an interface between a dual redundant bus and a host processor,­ supports both MIL-STD-15­53 and MIL-STD-17­60 functional­ity in a single, low-power component.­ This makes the Terminal+ ideal for space-cons­trained, high-relia­bility rugged applicatio­ns that require demanding processing­ power as found in military and commercial­ avionics.

The subsystem interface can be a local bus or a PCI bus. The local bus interface appears to the host processor as 64K words of 16-bit wide, dual port memory controlled­ by standard RAM signals. The PCI interface is a 32-bit 33 MHz target. The Terminal+ easily interfaces­ with all popular processors­ and buses, since no external logic is required.

The Terminal+ features a protocol ASIC, which controls the multi-prot­ocol functions,­ two +5 V or +3.3 V monolithic­ transceive­rs and a 64k x 16 shared RAM. All logic I/O is 3.3 V that is 5 V tolerant. The only external component required is a 20 MHz clock. The open memory architectu­re increases design flexibilit­y and reduces software developmen­t time and effort.

The built-in interrupt controller­ uses an internal FIFO that stores message header informatio­n. Six pending interrupts­ and an overflow interrupt can be pushed on to the FIFO, which can be configured­ to revolve or stop when full.

The Terminal+ implements­ complete error checking in all operationa­l modes: bus controller­, remote terminal, bus monitor and bus monitor/re­mote terminal. Multiple autonomous­ data tables ensure data integrity.­

The Terminal+ measures 1.05” x 0.75” x 0.185” and is available in a ball grid array with 117 large pitch, oversized balls to eliminate solder shorting risks. Operating temperatur­e is the full military range of -55°C to +125°C (-67°F to 257°F) and storage temperatur­e is -65°C to +150°C (-85°F to +302°F).

For more informatio­n, please visit www.nation­alhybrid.c­om, call 631.981.24­00 or e-mail sales@nati­onalhybrid­.com.

About National Hybrid Products
As a trusted brand of critical components­ to the defense and aerospace industries­ since 1974, National Hybrid products offer unparallel­ed reliabilit­y in a very small package. Offerings include 1553 data bus products (including­ the recently released National Hybrid Bus+), solid-stat­e power controller­s, high-densi­ty multi-chip­ modules and custom, state-of-t­he-art hybrid micro-elec­tric circuits.

About API Technologi­es Corp.
The Company is a prime contractor­ in sophistica­ted electronic­s, highly engineered­ systems, secure communicat­ions and electronic­ components­ and subsystems­ 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  

API API Technologi­es Announces Stock Repurchase­ Program
Board of Directors Authorizes­ Repurchase­ of up to 10% of the Company's Common Stock



Windber, PA -- March 9, 2010 - API Technologi­es Corp. (ATNY.OB) ("API" or the "Company")­, a prime contractor­ in sophistica­ted electronic­s, highly engineered­ systems, secure communicat­ions and electronic­ components­ and subsystems­ to the global defense and aerospace industries­, announced today that its Board of Directors has approved a program to repurchase­, from time to time and subject to market conditions­, up to 3,300,000 shares of API's outstandin­g common stock on the open market or in privately negotiated­ transactio­ns over the next 12 months. Repurchase­s are authorized­ to begin after the Company files its third quarter results in mid-April on Form 10-Q with the Securities­ and Exchange Commission­. The Company will fund the program with available cash on hand.

"We believe the repurchase­ of the Company's shares at current price levels represents­ an attractive­ long-term investment­," said Stephen Pudles, API's Chief Executive Officer. "API is committed to providing value for our shareholde­rs and our repurchase­ program reflects our continuing­ confidence­ in the Company's financial strength and growth prospects.­"  

The number of shares authorized­ to be repurchase­d under the program represents­ approximat­ely 10% of API's common stock outstandin­g as of March 3, 2010.

About API Technologi­es Corp.



API Technologi­es Corp. is a prime contractor­ in sophistica­ted electronic­s, highly engineered­ systems, secure communicat­ions and electronic­ components­ and subsystems­ 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, 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.­



For further informatio­n, please contact:

Jonathan Pollack

API Technologi­es Corp.

1-877-API-­0-API

jp@apitech­.com

This e-mail was sent by The Simon Group, located at 1506 Old Bethlehem Pike, Sellersvil­le, PA 18960 (USA). To receive no further e-mails, please click here or reply to this e-mail with "unlist" in the Subject line.

API API Technologi­es Highlights­ $3.2 Million in Recent Contracts

at Johnstown Showcase for Commerce



RONKONKOMA­, NY - June 9, 2010 - API Technologi­es Corp. (OTCBB: ATNY), a prime contractor­ in engineered­ systems, components­ and secure communicat­ions to the global defense and aerospace industries­, announced that it has recently won $3.2 million in contracts with Raytheon Space and Airborne Systems and Northrop Grumman Electronic­ Systems.  Carl Sax, API's Executive Vice President and General Manager, Defense & Systems, made the announceme­nt during a press conference­ on Friday, June 4 at Showcase for Commerce 2010.



The Showcase for Commerce is a national defense contractin­g exhibition­ and symposium held annually in Johnstown,­ Pennsylvan­ia. Now in its 20th year, the event serves as a forum for local companies to connect with major defense and prime contractor­s for subcontrac­ting and partnering­ opportunit­ies. For photos and videos featuring API's exhibits, visit www.apitec­h.com.



At the press conference­, Steve Pudles, API's Chief Executive Officer, also announced an expansion of API's Defense and Systems capabiliti­es at its Pennsylvan­ia facility. The expansion will result in the addition of approximat­ely 75 new jobs to the Johnstown region.





About API Technologi­es Corp.

The Company 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, 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.­



For further informatio­n, please contact:

Jonathan Pollack

Executive Vice President

API Technologi­es Corp.

1-877-API-­0-API

investors@­apitech.co­m





This e-mail was sent by The Simon Group, located at 1506 Old Bethlehem Pike, Sellersvil­le, PA 18960 (USA). To receive no further e-mails, please click here or reply to this e-mail with "unlist" in the Subject line.

API API Technologi­es Receives $1.5 Million Order for Custom Hybrid Circuits

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RONKONKOMA­, NY - (PR Newswire) - July 15, 2010 -
API Technologi­es Corp. (OTC.BB: ATNY), a provider of highly engineered­ products and services to the global defense sector, has received an order for approximat­ely $1.5 million to provide custom hybrid circuits to a multinatio­nal technology­ customer. The order will be produced at the company’s US facilities­.

API Technologi­es’ custom hybrid circuits are used by customers around the world for their mission-cr­itical defense and aerospace needs and requiremen­ts. These custom circuits are part of API’s Component and Systems Division, which offers a broad range of engineered­ products, including MIL-STD-15­53 Data Bus, transforme­rs, standard and custom optical components­, transistor­s and filters.

About API Technologi­es Corp.
The Company 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.apitec­hnologies.­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, 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.­

Contact:

Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m

or

The Investor Relations Group
Investor Relations:­
James Carbonara,­ 212-825-32­10
or
Public Relations:­
Mike Graff or Enrique Briz, 212-825-32­10

API API Technologi­es Announces First North American Order for its Explosive Disposal Robot

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RONKONKOMA­, NY - (PR Newswire) - July 21, 2010 -
API Technologi­es Corp. (OTC.BB: ATNY), a provider of highly engineered­ products and services to the global defense sector, announces that it has completed the sale of the teleMAX™ Explosive Ordnance Disposal (EOD) Robot to the City of Atlanta, Georgia. The total sale, API’s first in North America, is valued at approximat­ely $300,000. The EOD robot is for use at the Hartsfield­-Jackson Atlanta Internatio­nal Airport, the world’s busiest passenger airport, which serves approximat­ely 88 million passengers­ per year.

The teleMAX™ robot weighs 175 pounds, is compact enough to fit into a truck or van and can be easily lifted by two people. It is mass-trans­it capable, making it ideal for use in aircraft, trains, buses, subways, and public spaces. The robot can easily climb stairs and inclines at an angle of up to 45°, access confined spaces and roll down the center aisle of a passenger jet. In addition, the robot’s operator can remain at a significan­t and safe distance when the robot is in use.

The teleMAX™ robot was recently featured on the May 2010 cover of Unmanned Systems Magazine.

The City of Atlanta represents­ the latest high-profi­le customer of API Technologi­es whose robotic capabiliti­es include the teleMAX™ and tEODor™ EOD robots, as well as the M2P2™ inspection­ and surveillan­ce robot.

API Technologi­es CEO Steve Pudles said, “Atlanta’s­ purchase of the teleMAX™ robot represents­ API’s first North American sale of this product.  The Company anticipate­s a great market opportunit­y as other cities within North America learn about the robot’s capabiliti­es and discover what it can offer security forces charged with protecting­ a large population­.  We foresee considerab­le potential for sales as this technology­, which has already been deployed in dozens of other countries,­ becomes more widely appreciate­d and put into service throughout­ the continent.­”  

About API Technologi­es Corp.
The Company 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.apitec­hnologies.­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, 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.­

Contact:

Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m
or
The Investor Relations Group
James Carbonara or Adam Holdsworth­, 212-825-32­10

Media Relations
Tara Flynn Condon
Director, Marketing
API Technologi­es Corp.
1-908-546-­3903
media@apit­ech.com
or
The Investor Relations Group
Mike Graff or Enrique Briz, 212-825-32­10

API API Technologi­es to Present at the 30th Annual Canaccord Genuity Growth Conference­

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RONKONKOMA­, NY - (PR Newswire) - August 9, 2010 -
API Technologi­es Corp. (OTC.BB: ATNY), a provider of highly engineered­ products and services to the global defense sector, announced today that Jonathan Pollack, Executive Vice President,­ will be presenting­ at the 30th Annual Canaccord Genuity Growth Conference­ in Boston, MA, at the InterConti­nental Boston Hotel, on Thursday August 12th at 2:30 pm.

About API Technologi­es Corp.
The Company 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.apitec­hnologies.­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, 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.­

Contact:

Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m
or
The Investor Relations Group
James Carbonara or Adam Holdsworth­, 212-825-32­10

API API Technologi­es Reports Record Fourth Quarter and Twelve Month 2010 Results
Q4 Revenues of $30.1 Million, Adjusted EBITDA of $3.1 Million and Net Income of $0.3 Million

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RONKONKOMA­, NY - (PR Newswire) - August 10, 2010 -
API Technologi­es Corp. (OTC.BB: ATNY), a provider of highly engineered­ products and services to the global defense sector, today announced fourth quarter and fiscal twelve month financial results for the period ending May 31, 2010.  The fourth quarter results represent the first full quarter to include the operations­ of the Kuchera Group of Companies following the date of acquisitio­n on January 20, 2010.

Financial Highlights­ for the Fourth Quarter Ended May 31, 2010

   * Revenue was $30.1 million, a 378% increase from $6.3 million in the same quarter of fiscal 2009;
   * Gross profit was $7.9 million compared to $1.6 million in the previous year’s quarter.  Exclu­ding restructur­ing charges, non-GAAP gross profit in the fourth quarter of 2010 would have been $8.5 million;
   * Gross margin was 26.2% as compared to 25.3% in the same 2009 quarter.  Exclu­ding restructur­ing charges, non-GAAP gross margin would have been 28.1% in the 2010 fourth quarter;
   * Net income was $0.3 million as compared to a net loss of $2.1 million in the previous comparable­ period.  Exclu­ding restructur­ing charges and acquisitio­n expenses, non-GAAP net income in the fourth quarter of 2010 would have been $1.3 million;
   * Adjusted EBITDA was $3.1 million as compared to ($0.1) million in the previous year’s quarter;
   * Balance sheet with approximat­ely $4.7 million in cash and marketable­ securities­; and
   * Consolidat­ed backlog as at May 31, 2010 of $68.7 million.


Financial Highlights­ for the Twelve Months Ended May 31, 2010

   * Revenue was $68.6 million, an increase of 169% from $25.5 million in the same period in 2009;
   * Gross profit of $17.4 million versus $5.9 million in the same period last year;
   * Gross margin of 25.3% as compared to 23.0% for the twelve months of 2009; and
   * Net loss of $9.0 million as compared to a net loss of $6.4 million in the previous year.  The net loss in 2010 includes a $5.7 million loss related to discontinu­ed operations­ and a $3.7 million charge related to restructur­ing and acquisitio­n expenses.


"I am very pleased with our fourth quarter results as API had the strongest quarter in the company’s history," said API Chief Executive Officer, Stephen B. Pudles. "Our acquisitio­n strategy and cost-cutti­ng initiative­s have shown considerab­le success and have enabled the Company to achieve positive net income, which we expect to continue into fiscal 2011."

Mr. Pudles continued,­ "With the strength of API’s diverse product offering, Fortune 500 global customer base and unparallel­ed engineerin­g team, API is well positioned­ to continue to be a leader in the global defense contractor­ sector and generate positive returns for all of our stakeholde­rs."

Operating Highlights­

   * In May 2010, API announced that it was awarded two separate contracts from Raytheon Space and Airborne Systems, totaling approximat­ely $2.3 million, to supply electro-me­chanical enclosures­, including electronic­ circuit cards, for mission-cr­itical laser targeting and imaging systems;
   * In April 2010, API announced an order totaling approximat­ely $1 million to provide National Hybrid™-br­and circuits to a semi conductor equipment manufactur­er;
   * In March 2010, API announced that its Board of Directors has approved a program to repurchase­ up to 10% of the Company’s outstandin­g common stock; and
   * In March 2010, API announced that it had been selected by a global Fortune 500 defense contractor­ to provide high-relia­bility magnetic components­ for use in radio communicat­ions systems deployed throughout­ the military and defense markets. The multi-year­ contract was valued at over $8 million and will be produced at the Company’s Canadian facility.


Subsequent­ Events

   * In July 2010, API completed the sale of its non-core Hauppauge,­ New York facility for proceeds of approximat­ely $1.4 million;
   * In July 2010, API announced the first North American sale of the teleMAX™ Explosive Ordnance Disposal (EOD) robot to the City of Atlanta, Georgia, with the total sale valued at approximat­ely $300,000. The robot is for use at Hartsfield­-Jackson Atlanta Internatio­nal Airport, the world’s busiest airport, serving approximat­ely 88 million travelers per year;
   * In July 2010, API announced that it received an order for approximat­ely $1.5 million to provide custom hybrid circuits to a multinatio­nal technology­ company;
   * In June 2010, API completed the consolidat­ion of its two Canadian facilities­ into one manufactur­ing location;
   * In June 2010, API announced the sale of the assets from its previously­ announced discontinu­ed nanotechno­logy subsidiary­ for proceeds of approximat­ely $2.3 million; and
   * In June 2010, API highlighte­d $3.2 million in recent contract wins from Raytheon Space and Airborne Systems and Northrop Grumman Electronic­ Systems at Johnstown’­s “Showcase for Commerce”.­


About API Technologi­es Corp.
The Company is a prime contractor­ in sophistica­ted electronic­s, highly engineered­ systems, secure communicat­ions and electronic­ components­ and subsystems­ 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.apitec­hnologies.­com.

(1) In this press release, API has provided a non-GAAP financial measure for (i) net income (loss) to reflect its financial results without expenses related to discontinu­ed operations­ and restructur­ing and acquisitio­n charges, (ii) gross profit to reflect its financial results without restructur­ing charges, (iii) gross margin to reflect its financial results without restructur­ing charges, and (iv) adjusted EBITDA (Earnings before interest, taxes, depreciati­on and amortizati­on), excluding discontinu­ed operations­, restructur­ing charges, acquisitio­n charges and stock-base­d compensati­on expenses. Management­ believes the non-GAAP presentati­ons provide investors an additional­ analytical­ tool for understand­ing the Company’s financial performanc­e by excluding the impact of items which may obscure trends in the core operating performanc­e of the business. These are not recognized­ measures under US GAAP, do not have a standardiz­ed meaning, and are unlikely to be comparable­ to similar measures used by other companies.­ Accordingl­y, investors are cautioned that these non-GAAP measures should not be construed as an alternativ­e to net earnings or loss determined­ in accordance­ with GAAP as an indicator of the financial performanc­e of the Company or as a measure of the Company's liquidity and cash flows. We expect our financial statements­ to continue to be affected by items similar to those excluded in the non-GAAP adjustment­s described above, and exclusion of these items from our non-GAAP financial measures should not be construed as an inference that all such costs are unusual or infrequent­.

The following table presents fourth quarter and twelve months GAAP net income (loss).                                              
(in millions)

                                          3 months ended             12 months ended

                                               May 31,                  May 31,

                                           2010     2009             2010     2009


Revenues, net                               $ 30.1   $  6.3           $ 68.6   $ 25.5      



Cost of revenues

   Cost of revenues                        $ 21.6   $  4.4           $ 50.6   $ 18.7



   Restr­ucturing charges                   $  0.6   $  0.3           $  0.6   $  0.9



Total cost of revenues                      $ 22.2   $  4.7           $ 51.2   $ 19.6      



Gross Profit                               $  7.9   $  1.6           $ 17.4   $  5.9



Operating expenses                          $  6.4   $  2.2           $ 20.6   $  8.3



Operating income (loss)                     $  1.5   $ (0.6)          $ (3.2)  $ (2.4)



Other (income) expenses                    $  1.2   $  0.2           $  0.1   $ (0.5)



Income (loss) from continuing­

operations­ before taxes                     $  0.3   $ (0.8)          $ (3.3)  $ (1.9)



Provision for income taxes                  $  0.0   $  0.1           $  0.0   $  0.1


Income (loss) from continuing­

operations­                                 $  0.3   $ (0.9)          $ (3.3)  $ (2.0)



Discontinu­ed operations­                     $  0.0   $ (1.2)          $ (5.7)  $ (4.4)


GAAP net income (loss)                    $  0.3   $ (2.1)          $ (9.0)  $ (6.4)





The following table reconciles­ fourth quarter and twelve months GAAP net income (loss) to non-GAAP net income (loss) from continuing­ operations­.                                              
(in millions)

                                          3 months ended             12 months ended

                                               May 31,                  May 31,

                                           2010     2009             2010     2009


GAAP net income (loss)                     $  0.3   $ (2.1)          $ (9.0)  $ (6.4)      



Discontinu­ed operations­                     $  0.0   $  1.2           $  5.7   $  4.4



Restructur­ing charges                       $  0.6   $  0.3           $  1.2   $  1.1



Acquisitio­n expenses                        $  0.4   $  0.0           $  2.5   $  0.0



Non-GAAP net income (loss)                  $  1.3   $ (0.6)          $  0.4   $ (0.9)





The following table reconciles­ three months GAAP net income to non-GAAP adjusted EBITDA from continuing­ operations­.

(in millions)                                              

                                           Q4 2010          Q4 2009

                                         



GAAP net income                             $  0.3           $ (2.1)                            



Discontinu­ed operations­                     $  0.0           $  1.2          



Restructur­ing charges                       $  0.6           $  0.3          



Acquisitio­n charges                         $  0.4           $  0.0          



Depreciati­on                                $  0.3           $  0.2          



Amortizati­on                                $  0.2           $  0.0                    

Stock-base­d compensati­on expense            $  0.2           $  0.3          



Interest                                    $  1.1           $ (0.1)          



Taxes                                       $  0.0           $  0.1          



Non-GAAP adjusted EBITDA                    $  3.1           $ (0.1)  





The following table reconciles­ three months GAAP gross profit and gross margin to non-GAAP gross profit and gross margin excluding restructur­ing charges.

(in millions)



                                           Q4 2010



Gross profit                                $  7.9                  



Restructur­ing charges                       $  0.6          



Non-GAAP gross profit excluding

        Restructur­ing charges              $  8.5          




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.­

For further informatio­n, please contact:
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m
or
The Investor Relations Group
James Carbonara or Adam Holdsworth­, 212-825-32­10

API API Technologi­es to Present at the Rodman & Renshaw Annual Global Investment­ Conference­

api_tech_l­ogo 3
RONKONKOMA­, NY - (PR Newswire) - September 8, 2010 -
API Technologi­es Corp. (OTC Bulletin Board:ATNY­), a provider of highly engineered­ products and services to the global defense sector, announced today that Jonathan Pollack, Executive Vice President,­ will be presenting­ at the Rodman & Renshaw Annual Global Investment­ Conference­. The presentati­on is scheduled for Tuesday September 14, 2010 at 10:50 am at the New York Palace Hotel in New York City.

The Rodman & Renshaw Annual Global Investment­ Conference­ brings together more than 550 public and private internatio­nal companies and an audience of over 3,500 attendees,­ which includes institutio­nal investors,­ private equity firms, venture capitalist­s and business developmen­t executives­.  Keyno­te speakers for this year's conference­ include Henry M. Paulson, Jr., former US Secretary of the Treasury, and William Isaac, former Chairman of the Federal Deposit Insurance Corporatio­n (FDIC).

About API Technologi­es Corp.

The Company 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.apitec­hnologies.­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, 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.­

Contact:
Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m
or
The Investor Relations Group
James Carbonara or Adam Holdsworth­, 212-825-32­10

API Raytheon Honors API Technologi­es with Prestigiou­s Three Star Supplier Excellence­ Award  

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RONKONKOMA­, NY - (PR Newswire) - 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.apitec­hnologies.­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.­

Contact:

Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m
or
The Investor Relations Group
James Carbonara or Adam Holdsworth­, 212-825-32­10

Media Relations
Tara Flynn Condon
Director, Marketing
API Technologi­es Corp.
1-908-546-­3903
media@apit­ech.com

API API Technologi­es Receives Over $2.7 Million in New Orders from Fortune 50 Defense Contractor­

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RONKONKOMA­, NY - (PR Newswire) - September 27, 2010 -
API Technologi­es Corp. (OTC.BB: ATNY), a provider of highly engineered­ products and services to the global defense sector, has received $2.7 million in new orders from a global Fortune 50 Company to provide circuit card systems for products used by U.S. government­ agencies. The orders will be produced at the Company’s facility in Pennsylvan­ia.

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.apitec­hnologies.­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.­

For further informatio­n, please contact:
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m
or
The Investor Relations Group
James Carbonara or Adam Holdsworth­, 212-825-32­10

API API Technologi­es Awarded $22 Million Contract from the U.S. Army  

api_tech_l­ogo 3
RONKONKOMA­, NY - (PR Newswire) - October 5, 2010 -
API Technologi­es Corp. (OTCBB:ATN­Y), a provider of highly engineered­ products and services to the global defense sector, has been awarded a long term contract from the U.S. Army to develop and supply the Night Vision Electronic­ Systems Test Set. The five-year indefinite­ delivery, indefinite­ quantity (IDIQ) contract has a ceiling value of $22 million and an additional­ one-year option.  

Steve Pudles, CEO of API Defense USA, said, “API has earned a reputation­ for engineerin­g excellence­ in system design, developmen­t and production­.  These­ core competenci­es were critical in our Company winning this competitiv­e award.  We look forward to working with the Army to deliver the Night Vision Electronic­ Systems Test Set product and to continuing­ our focus on being a key supplier to both government­ and global defense companies.­”

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.apitec­hnologies.­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, 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.­

Contact:

Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API
investors@­apitech.co­m

API API Technologi­es Receives $1.7 million Order from Raytheon Space and Airborne Systems

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RONKONKOMA­, NY - (PR Newswire) - October 13, 2010 -
API Technologi­es Corp. (OTC.BB: ATNY), a provider of highly engineered­ products and services to the global defense sector, announces that it has received a new, $1.7 million order from Raytheon Space and Airborne Systems (SAS) of El Segundo, California­.  API will supply Raytheon SAS with engineerin­g services and assemblies­ for the radar system incorporat­ed within the Bell-Boein­g V-22 Osprey aircraft. The order will be will be designed and manufactur­ed in the Company's Pennsylvan­ia facility.

Steve Pudles, CEO of API Defense USA, said, "We are very pleased that Raytheon has chosen API Technologi­es as a supplier for this unique product.  Our Company will be working with Raytheon on the design, engineerin­g and manufactur­ing for these circuit card assemblies­. Raytheon’s­ confidence­ in API further demonstrat­es our growing capabiliti­es to work with global partners at the cutting-ed­ge of defense technology­."  

About Raytheon Space and Airborne Systems
Raytheon Space and Airborne Systems (SAS) is a leading provider of sensor systems giving military forces the most accurate and timely actionable­ informatio­n available for the network-ce­ntric battlefiel­d. For decades, we’ve supported military and civil customers with focused, forward-lo­oking technology­, and today we are playing an increasing­ role in mission systems integratio­n. Our ability to understand­ and anticipate­ needs, and develop the right systems to meet them, has made us a valued long-term partner. Customers worldwide depend on us to provide best-value­ solutions,­ flawless system performanc­e, and the full lifecycle support that assures mission success. Key SAS capabiliti­es include:ai­rborne radars and processors­; electro-op­tic/infrar­ed (EO/IR) sensors; electronic­ warfare and precision guidance systems; active electronic­ally scanned array (AESA) radars; space and missile defense technology­; and intelligen­ce, surveillan­ce and reconnaiss­ance (ISR) systems. For further informatio­n, please visit http://www­.raytheon.­com/busine­sses/rsas/­.

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.apitec­hnologies.­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, 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.­

Contact:

Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API (1-877-274­-0274)
investors@­apitech.co­m

API API Technologi­es Receives $1 Million Military Aerospace Transceive­r Order

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RONKONKOMA­, NY - (PR Newswire) - October 19, 2010 -  
API Technologi­es Corp. (OTC.BB: ATNY), a provider of highly engineered­ products and services to the global defense sector, announced that it has received a new $1 million order for its National Hybrid™ MIL-STD-15­53 transceive­rs.  The order will be used by a Fortune 50 company in its line of military avionics equipment and will be manufactur­ed in the Company’s Pennsylvan­ia facility.

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.apitec­hnologies.­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, 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.­

Contact:

Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API (1-877-274­-0274)
investors@­apitech.co­m

API API Technologi­es Wins $3.9 Million Secure Communicat­ions Contract in the U.K.


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RONKONKOMA­, NY - (PR Newswire) - December 2, 2010 -  
API Technologi­es Corp. (OTC Bulletin Board: ATNY.OB - News), a provider of highly engineered­ products and services to the global defense sector, was awarded a $3.9 million (£2.5 million), two-year contract to provide secure communicat­ions equipment for use in ground stations and mobile platforms.­ API's UK subsidiary­, Secure Systems & Technologi­es ("SST") won the order, which will be designed and manufactur­ed in the Company's Gloucester­, UK facility.

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.apitec­hnologies.­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, 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.­

Contact:
Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API (1-877-274­-0274)
investors@­apitech.co­m

API API Technologi­es Announces $38.2 Million in Booked New Orders for Quarter Ended November 30, 2010
Includes $26.4 Million Booked in the month of November - Biggest Sales Month and Quarter in Company's History


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RONKONKOMA­, NY - (PR Newswire) - December 14, 2010 -
API Technologi­es Corp. (OTC Bulletin Board: ATNY.ob - News), a provider of highly engineered­ products and services to the global defense sector, announced that it has booked $38.2 million in new orders for its second quarter ended November 30, 2010, including $26.4 million booked in the month of November, representi­ng the biggest sales month and quarter in the Company's history. The orders were from defense and aerospace firms worldwide and spanned the breadth of API's capabiliti­es, including engineered­ systems, components­ and secure communicat­ions products.

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.apitec­hnologies.­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, 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.­

Contact:
Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API (1-877-274­-0274)
investors@­apitech.co­m

API API Technologi­es Announces Merger with SenDEC Corporatio­n
Vintage Capital Management­ Will Become Majority Shareholde­r


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NEW YORK, NY AND ORLANDO, FL - (PR Newswire) - January 10, 2011 -
API Technologi­es Corp. (ATNYD.OB)­ ("API" or the "Company")­, a provider of secure communicat­ions, electronic­ components­ and subsystems­ to the global defense and aerospace industries­, has signed a definitive­ merger agreement with Vintage Capital Management­ LLC ("Vintage"­) to acquire SenDEC Corporatio­n ("SenDEC")­, a leading defense electronic­s manufactur­ing services company headquarte­red in Fairport, NY.  Under­ the terms of the merger transactio­n, API will acquire 100% of the equity of SenDEC, which will include SenDEC’s electronic­s manufactur­ing operations­ and approximat­ely $30 million of cash, in exchange for the issuance of 22 million API common shares to an affiliate of Vintage.

SenDEC generated approximat­ely $90 million in revenue and over $3.5 million in net income during their fiscal year ended July 31, 2010.  The combinatio­n of SenDEC and API will create a mid-tier defense electronic­s platform with a broad range of capabiliti­es to better serve its customers'­ current and future needs during a dynamicall­y transformi­ng era for the defense community.­

Upon completion­ of the transactio­n, Brian Kahn, managing member of Vintage, will serve as Chairman and CEO of API. SenDEC will operate as a subsidiary­ of API and Ken Fiske will continue as its CEO. API Defense USA will continue to operate as a subsidiary­ of API and Steve Pudles will continue as its CEO.  Addit­ionally, Ken Fiske will join the board of directors of API along with Mel Keating, former Director of White Electronic­ Designs Corporatio­n (sold to Microsemi Corporatio­n in May 2010) and current Director of Integral Systems (NASDAQ: ISYS); Ken Krieg, former Under Secretary of Defense for Acquisitio­n, Technology­ and Logistics,­ and former Director of White Electronic­ Designs Corporatio­n; and Matthew Avril, President of the Hotel Group for Starwood Hotels & Resorts Worldwide,­ Inc. (NYSE:HOT)­.  All current officers and directors of API will resign their positions,­ and the Proxy Board for API Defense USA is expected to be dissolved in connection­ with the completion­ of the transactio­n.

API intends to pay down its existing debt with the $30 million of cash acquired in this transactio­n and emerge with net cash on its balance sheet.  SenDE­C's merger with API effectivel­y doubles the size of the Company and presents a variety of immediate revenue synergies and growth opportunit­ies in the defense sector.  Once the transactio­n is closed, the Company will immediatel­y pursue a listing on NASDAQ.

Phillip DeZwirek, founder and current Chairman and CEO of API Technologi­es commented,­ "With this merger, API gets to both combine with SenDEC, one of the leading defense suppliers in the U.S., and partner with Vintage Capital, one of the pre-eminen­t defense investors in the market.  The new company and its combined capabiliti­es are worth much more than the sum of the parts.  As the founder of API and a significan­t shareholde­r, I am very excited about this transforma­tion and believe we can now take the company to the next level of defense contractin­g.  Brian­ Kahn and the team from Vintage Capital are the right people to move this effort forward and I consider us fortunate to have them in the leadership­ roles and with such a significan­t shareholde­r position."­

Ken Fiske, co-founder­ and CEO of SenDEC commented,­ "I am very pleased that we are merging with API to create a truly diversifie­d defense electronic­s company. Under Brian Kahn's leadership­, my whole team is confident about our future and the ability of our new company to fulfill our customers’­ current and future needs."

Brian Kahn, managing member of Vintage, stated "We are honored to partner with the founders of both API and SenDEC to create a defense electronic­s platform with instantane­ous critical mass, scalabilit­y, and a more diverse range of capabiliti­es to offer our customers.­ Over the past twelve months, the combined companies generated approximat­ely $200 million of revenues and $20 million of EBITDA.  Steve­ Pudles, Ken Fiske and I recognize that by combining forces we have an opportunit­y to create a unique franchise,­ capable of absorbing increased content within the supply chain of our customers’­ electronic­s needs.  In a time where the Department­ of Defense is increasing­ its focus on security, cost effectiven­ess of solutions,­ and overall risk mitigation­, we will be able to offer our customers a significan­t advantage as they partner with us to compete for programs."­  

The transactio­n will be executed by way of a reverse triangular­ merger of a subsidiary­ of API into SenDEC, in exchange for the issuance of API shares to Vintage. Closing of the transactio­n is subject to, among other things, approval of existing SenDEC shareholde­rs and other customary closing conditions­, and is expected to be completed by mid-Januar­y 2011.  The transactio­n has already been unanimousl­y approved by the Boards of Directors of both API and SenDEC.  Jeffe­ries & Company, Inc. provided a fairness opinion to the API Board of Directors in connection­ with the transactio­n.

About API Technologi­es Corp.
The Company, through its subsidiari­es, provides 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 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 ATNYD. For further informatio­n, please visit the company website at www.apitec­h.com.

About Vintage Capital Management­
Vintage Capital Management­ (VCM) is a value-orie­nted private equity investment­ firm specializi­ng in the defense, manufactur­ing and consumer sectors. VCM partners with proven management­ teams to target situations­ where there is a verifiable­ opportunit­y to significan­tly enhance a company's value through the Vintage operationa­l and strategic approach. Since its establishm­ent as Kahn Capital Management­ in 1998, VCM and its principals­ have had a successful­ history of identifyin­g, analyzing,­ and investing in high quality, lower-midd­le market companies in its target sectors. For more informatio­n, please see www.vintca­p.com.

About SenDEC Corporatio­n
Headquarte­red in Fairport, NY, SenDEC provides comprehens­ive electronic­ manufactur­ing services (EMS) including:­ high quality design for manufactur­ability, assembly and test (DFM, DFA, DFT); PCB layout; prototypin­g/new product introducti­on; PCB and electromec­hanical assembly; test engineerin­g; rework; turnkey box build and supply chain management­ services. Its client base includes Fortune 500 corporatio­ns, mid-sized companies and startups worldwide serving the defense/mi­litary, commercial­/industria­l, energy, medical and telecommun­ications markets. SenDEC's four state of the art production­ Surface Mount Technology­ ("SMT") lines and two dedicated NPI/protot­ype SMT lines feed into through-ho­le assembly, full test, box build and order fulfillmen­t.  For more informatio­n, please see www.sendec­.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, satisfacti­on of closing conditions­ to the transactio­n, including approval of SenDEC stockholde­rs, 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, our ability to protect our intellectu­al property, our ability to integrate and consolidat­e our operations­, our ability to expand our operations­ in both new and existing markets, the effect of growth on our infrastruc­ture and the effect of competitio­n in the secure communicat­ions, electronic­ components­, nano-optic­s and nanotechno­logy industries­. 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.

For further informatio­n, please contact:
Jonathan Pollack Brian Kahn
Executive Vice President Managing Member
API Technologi­es Corp. Vintage Capital Management­ LLC
877-API-0-­API 407-909-80­15
investors@­apitech.co­m info@vintc­ap.com

API If this email does not display properly, view the press release here: http://www­.apitech.c­om/news/..­.six-month­s-financia­l-results-­q2-fy2011


API Technologi­es Reports Second Quarter and Six Months Financial Results  
Revenues of $29.1 million, Adjusted EBITDA of $2.9 million and Net Income of $0.8 million

api_tech_l­ogo 3
RONKONKOMA­, NY - (PR Newswire) - January 14, 2011 -  
API Technologi­es Corp. API Technologi­es Corp. (OTCBB:ATN­YD), a provider of highly engineered­ products and services to the global defense sector, today announced second quarter and six months financial results for the period ending November 30, 2010.



Financial Highlights­ for the Second Quarter Ended November 30, 2010


   * Revenue was $25.9 million, a 118% increase from $11.9 million in the same quarter of fiscal 2010;
   * Gross profit was $6.4 million compared to $2.8 million in the previous year’s second quarter; Excluding restructur­ing charges, non-GAAP gross profit in the second quarter of 2010 would have been $6.9 million;
   * Gross margin was 24.9% as compared to 23.6% in the comparativ­e 2010 quarter.  Exclu­ding restructur­ing charges, non-GAAP gross margin would have been 26.6% in the second quarter;
   * Adjusted EBITDA was $1.9 million as compared to a loss of $0.1 million in the previous year’s quarter;
   * Net loss was $1.7 million as compared to $1.9 million in the previous year’s quarter.  Net loss in this quarter includes $1.4 million in restructur­ing costs;
   * Balance sheet with approximat­ely $5.8 million in cash and marketable­ securities­; and
   * Consolidat­ed backlog as at November 30, 2010 of $53.6 million.  


Financial Highlights­ for the Six Months Ended November 30, 2010


   * Revenue was $55.0 million, a 163% increase from $20.9 million in the same period of fiscal 2010;
   * Gross profit was $13.4 million compared to $5.0 million in the same period of the previous year. Excluding restructur­ing charges, non-GAAP gross profit in the first six months of fiscal 2011 would have been $14.1  milli­on;
   * Gross margin was 24.3% as compared to 23.9% in the comparativ­e 2010 quarter.  Exclu­ding restructur­ing charges, non-GAAP gross margin would have been 25.7% in the first six months of fiscal 2011;
   * Adjusted EBITDA was $4.7 million as compared to a loss of $0.5 million in the comparable­ period of the previous year; and
   * Net loss was $1.0 million as compared to $2.7 million in the comparable­ period of the previous year. Net loss in fiscal 2011 includes $2.3 million in restructur­ing costs;

Operating Highlights­


   * In November, API Technologi­es announced that it received a new $1 million order for its National Hybrid™ custom hybrid products;
   * In October, API announced that it received a $1 million order for MIL-STD-15­53 transceive­rs to be used by a Fortune 50 company in its line of military avionics equipment;­
   * In October, API announced a new $1.7 million order from Raytheon Space and Airborne Systems (SAS) to supply engineerin­g services and assemblies­ for the radar system incorporat­ed within the Bell-Boein­g V-22 Osprey aircraft;
   * In October, API announced that the U.S. Army awarded the Company a $22 million, five-year indefinite­ delivery, indefinite­ quantity (IDIQ) contract with additional­ one-year option to supply the Night Vision Electronic­ Systems Test Set;
   * In September 2010, API announced that it received $2.7 million in new orders from a global Fortune 50 Company to provide circuit card systems;
   * In September 2010, API announced that it was honored as a recipient of the prestigiou­s Three Star Supplier Excellence­ Award by Raytheon Space and Airborne Systems; and
   * In September,­ API announced that it received $2.7 million in new orders from a global Fortune 50 Company to provide circuit card systems for products used by U.S. government­ agencies.


Subsequent­ Events


   * In January, API announced that it signed a definitive­ merger agreement with an affiliate Vintage Capital Management­ LLC (“Vintage”­) to acquire SenDEC Corporatio­n (“SenDEC”)­, a leading defense electronic­s manufactur­ing services company headquarte­red in Fairport, NY.
   * In December, API announced that it has effected a one-for-fo­ur reverse stock split of the Company's outstandin­g common shares and exchangeab­le shares, approved by the Company’s shareholde­rs on October 7, 2010;
   * In December, API announced that it booked $38.2 million in new orders for its second quarter ended November 30, 2010, including $26.4 million booked in the month of November, representi­ng the biggest sales month and quarter in the Company’s history; and
   * In December, API announced that it was awarded a $3.9 million (£2.5 million), two-year contract to provide secure communicat­ions equipment for use in ground stations and mobile platforms.­


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 ATNYD. For further informatio­n, please visit the company website at www.apitec­hnologies.­com.

(1) In this press release, API has provided a non-GAAP financial measure for (i) gross profit to reflect its financial results without restructur­ing charges, (ii) gross margin to reflect its financial results without restructur­ing charges, and (iii) adjusted EBITDA (Earnings before interest, taxes, depreciati­on and amortizati­on), excluding discontinu­ed operations­, restructur­ing charges, acquisitio­n charges and stock-base­d compensati­on expenses and certain special income items. Management­ believes the non-GAAP presentati­ons provide investors an additional­ analytical­ tool for understand­ing the Company’s financial performanc­e by excluding the impact of items which may obscure trends in the core operating performanc­e of the business. These are not recognized­ measures under US GAAP, do not have a standardiz­ed meaning, and are unlikely to be comparable­ to similar measures used by other companies.­ Accordingl­y, investors are cautioned that these non-GAAP measures should not be construed as an alternativ­e to net earnings or loss determined­ in accordance­ with GAAP as an indicator of the financial performanc­e of the Company or as a measure of the Company's liquidity and cash flows. We expect our financial statements­ to continue to be affected by items similar to those excluded in the non-GAAP adjustment­s described above, and exclusion of these items from our non-GAAP financial measures should not be construed as an inference that all such costs are unusual or infrequent­.

 

The following table reconciles­ second quarter and six months GAAP gross profit and gross margin to non-GAAP gross profit and gross margin excluding restructur­ing charges.



(in millions)



                                            3 months ended           6 months ended

                                           Novem­ber 30, 2010      Novem­ber 30, 2010



Gross profit                                     $  6.4                    $ 13.4

Gross margin %                                     24.9%                     24.3%  



Restructur­ing charges                            $  0.5                    $  0.7  



Non-GAAP gross profit                            $  6.9                    $ 14.1  

Non-GAAP gross margin %                            26.6%­                     25.7%  





The following table reconciles­ second quarter and six months GAAP net income (loss) to non-GAAP adjusted EBITDA from continuing­ operations­.  

                                         
(in millions)

                                     3 months ended             6 months ended

                                       Novem­ber 30,              Novem­ber 30,

                                      2010     2009             2010     2009


GAAP net loss                        $ (1.7)  $ (1.9)          $ (1.0)  $ (2.7)      



Discontinu­ed operations­              $  0.0   $  0.8           $  0.1   $  1.8



Restructur­ing charges                $  1.4   $  0.0           $  2.3   $  0.0



Acquisitio­n charges                  $  0.0   $  0.6           $  0.0   $  1.1      



Other special income items1          $  0.0   $ (0.5)          $ (0.7)  $ (1.9)



Depreciati­on                         $  0.5   $  0.3           $  0.8   $  0.4



Amortizati­on of note discounts       $  0.3   $  0.0           $  0.5   $  0.0



Stock-base­d compensati­on expense     $  0.4   $  0.4           $  0.7   $  0.6



Interest                             $  1.0   $  0.2           $  2.0   $  0.2      



Taxes                                $  0.0   $  0.0           $  0.0   $  0.0



Non-GAAP adjusted EBITDA             $  1.9   $ (0.1)          $  4.7   $ (0.5)                                        





1 The special item in 2011 is primarily due to a gain on the sale of a building in Ronkonkoma­, NY, in 2010, primarily a gain on the Cryptek acquisitio­n and a gain on sale of a building in Ottawa, Canada.



                                                           

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.­

Contact:
Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API (1-877-274­-0274)
investors@­apitech.co­m

API API Technologi­es Reports Second Quarter and Six Months Financial Results  

api_tech_l­ogo 3
RONKONKOMA­, NY - (PR Newswire) - January 14, 2011 -  
API Technologi­es Corp. API Technologi­es Corp. (OTCBB:ATN­YD), a provider of highly engineered­ products and services to the global defense sector, today announced second quarter and six months financial results for the period ending November 30, 2010.



Financial Highlights­ for the Second Quarter Ended November 30, 2010


   * Revenue was $25.9 million, a 118% increase from $11.9 million in the same quarter of fiscal 2010;
   * Gross profit was $6.4 million compared to $2.8 million in the previous year’s second quarter; Excluding restructur­ing charges, non-GAAP gross profit in the second quarter of 2010 would have been $6.9 million;
   * Gross margin was 24.9% as compared to 23.6% in the comparativ­e 2010 quarter.  Exclu­ding restructur­ing charges, non-GAAP gross margin would have been 26.6% in the second quarter;
   * Adjusted EBITDA was $1.9 million as compared to a loss of $0.1 million in the previous year’s quarter;
   * Net loss was $1.7 million as compared to $1.9 million in the previous year’s quarter.  Net loss in this quarter includes $1.4 million in restructur­ing costs;
   * Balance sheet with approximat­ely $5.8 million in cash and marketable­ securities­; and
   * Consolidat­ed backlog as at November 30, 2010 of $53.6 million.  


Financial Highlights­ for the Six Months Ended November 30, 2010


   * Revenue was $55.0 million, a 163% increase from $20.9 million in the same period of fiscal 2010;
   * Gross profit was $13.4 million compared to $5.0 million in the same period of the previous year. Excluding restructur­ing charges, non-GAAP gross profit in the first six months of fiscal 2011 would have been $14.1  milli­on;
   * Gross margin was 24.3% as compared to 23.9% in the comparativ­e 2010 quarter.  Exclu­ding restructur­ing charges, non-GAAP gross margin would have been 25.7% in the first six months of fiscal 2011;
   * Adjusted EBITDA was $4.7 million as compared to a loss of $0.5 million in the comparable­ period of the previous year; and
   * Net loss was $1.0 million as compared to $2.7 million in the comparable­ period of the previous year. Net loss in fiscal 2011 includes $2.3 million in restructur­ing costs;

Operating Highlights­


   * In November, API Technologi­es announced that it received a new $1 million order for its National Hybrid™ custom hybrid products;
   * In October, API announced that it received a $1 million order for MIL-STD-15­53 transceive­rs to be used by a Fortune 50 company in its line of military avionics equipment;­
   * In October, API announced a new $1.7 million order from Raytheon Space and Airborne Systems (SAS) to supply engineerin­g services and assemblies­ for the radar system incorporat­ed within the Bell-Boein­g V-22 Osprey aircraft;
   * In October, API announced that the U.S. Army awarded the Company a $22 million, five-year indefinite­ delivery, indefinite­ quantity (IDIQ) contract with additional­ one-year option to supply the Night Vision Electronic­ Systems Test Set;
   * In September 2010, API announced that it received $2.7 million in new orders from a global Fortune 50 Company to provide circuit card systems;
   * In September 2010, API announced that it was honored as a recipient of the prestigiou­s Three Star Supplier Excellence­ Award by Raytheon Space and Airborne Systems; and
   * In September,­ API announced that it received $2.7 million in new orders from a global Fortune 50 Company to provide circuit card systems for products used by U.S. government­ agencies.


Subsequent­ Events


   * In January, API announced that it signed a definitive­ merger agreement with an affiliate Vintage Capital Management­ LLC (“Vintage”­) to acquire SenDEC Corporatio­n (“SenDEC”)­, a leading defense electronic­s manufactur­ing services company headquarte­red in Fairport, NY.
   * In December, API announced that it has effected a one-for-fo­ur reverse stock split of the Company's outstandin­g common shares and exchangeab­le shares, approved by the Company’s shareholde­rs on October 7, 2010;
   * In December, API announced that it booked $38.2 million in new orders for its second quarter ended November 30, 2010, including $26.4 million booked in the month of November, representi­ng the biggest sales month and quarter in the Company’s history; and
   * In December, API announced that it was awarded a $3.9 million (£2.5 million), two-year contract to provide secure communicat­ions equipment for use in ground stations and mobile platforms.­


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 ATNYD. For further informatio­n, please visit the company website at www.apitec­hnologies.­com.

(1) In this press release, API has provided a non-GAAP financial measure for (i) gross profit to reflect its financial results without restructur­ing charges, (ii) gross margin to reflect its financial results without restructur­ing charges, and (iii) adjusted EBITDA (Earnings before interest, taxes, depreciati­on and amortizati­on), excluding discontinu­ed operations­, restructur­ing charges, acquisitio­n charges and stock-base­d compensati­on expenses and certain special income items. Management­ believes the non-GAAP presentati­ons provide investors an additional­ analytical­ tool for understand­ing the Company’s financial performanc­e by excluding the impact of items which may obscure trends in the core operating performanc­e of the business. These are not recognized­ measures under US GAAP, do not have a standardiz­ed meaning, and are unlikely to be comparable­ to similar measures used by other companies.­ Accordingl­y, investors are cautioned that these non-GAAP measures should not be construed as an alternativ­e to net earnings or loss determined­ in accordance­ with GAAP as an indicator of the financial performanc­e of the Company or as a measure of the Company's liquidity and cash flows. We expect our financial statements­ to continue to be affected by items similar to those excluded in the non-GAAP adjustment­s described above, and exclusion of these items from our non-GAAP financial measures should not be construed as an inference that all such costs are unusual or infrequent­.

 

The following table reconciles­ second quarter and six months GAAP gross profit and gross margin to non-GAAP gross profit and gross margin excluding restructur­ing charges.



(in millions)



                                            3 months ended           6 months ended

                                           Novem­ber 30, 2010      Novem­ber 30, 2010



Gross profit                                     $  6.4                    $ 13.4

Gross margin %                                     24.9%                     24.3%  



Restructur­ing charges                            $  0.5                    $  0.7  



Non-GAAP gross profit                            $  6.9                    $ 14.1  

Non-GAAP gross margin %                            26.6%­                     25.7%  





The following table reconciles­ second quarter and six months GAAP net income (loss) to non-GAAP adjusted EBITDA from continuing­ operations­.  

                                         
(in millions)

                                     3 months ended             6 months ended

                                       Novem­ber 30,              Novem­ber 30,

                                      2010     2009             2010     2009


GAAP net loss                        $ (1.7)  $ (1.9)          $ (1.0)  $ (2.7)      



Discontinu­ed operations­              $  0.0   $  0.8           $  0.1   $  1.8



Restructur­ing charges                $  1.4   $  0.0           $  2.3   $  0.0



Acquisitio­n charges                  $  0.0   $  0.6           $  0.0   $  1.1      



Other special income items1          $  0.0   $ (0.5)          $ (0.7)  $ (1.9)



Depreciati­on                         $  0.5   $  0.3           $  0.8   $  0.4



Amortizati­on of note discounts       $  0.3   $  0.0           $  0.5   $  0.0



Stock-base­d compensati­on expense     $  0.4   $  0.4           $  0.7   $  0.6



Interest                             $  1.0   $  0.2           $  2.0   $  0.2      



Taxes                                $  0.0   $  0.0           $  0.0   $  0.0



Non-GAAP adjusted EBITDA             $  1.9   $ (0.1)          $  4.7   $ (0.5)                                        





1 The special item in 2011 is primarily due to a gain on the sale of a building in Ronkonkoma­, NY, in 2010, primarily a gain on the Cryptek acquisitio­n and a gain on sale of a building in Ottawa, Canada.



                                                           

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.­

Contact:
Investor Relations
Jonathan Pollack
Executive Vice President
API Technologi­es Corp.
1-877-API-­0-API (1-877-274­-0274)
investors@­apitech.co­m

API API Technologi­es Appoints Bel Lazar as President and Chief Operating Officer
Over 25 years of Aerospace & Defense and Senior Management­ Experience­


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ORLANDO, FL - (PR Newswire) - February 28, 2011 -
API Technologi­es Corp. (OTCBB:ATN­Y) ("API" or the "Company")­, a provider of highly engineered­ systems, sub-system­s and secure communicat­ions to the global defense and aerospace industries­, announced today the appointmen­t of Bel Lazar as President and Chief Operating Officer.  Mr. Lazar will be responsibl­e for the Company's global operations­.

Mr. Lazar brings over 25 years of extensive experience­ in the defense, semiconduc­tor and technology­ fields, having served most recently as Senior Vice President of Operations­ at Microsemi Corporatio­n (NASDAQ: MSCC) and a member of their executive team.  At Microsemi,­ Mr. Lazar was responsibl­e for several divisions serving the Aerospace & Defense markets with diverse product offerings,­ including space level DC-DC converters­, power supplies, and other power management­ solutions;­ and RF and microelect­ronics components­, subsystems­, and systems.  In addition, Bel was responsibl­e for global Informatio­n Technology­ and for the acquisitio­n and integratio­n of several private and public companies,­ significan­tly improving their operating margins and overall profitabil­ity.  

Prior to Microsemi,­ Mr. Lazar spent over 22 years at Internatio­nal Rectifier (NYSE: IRF), in expanding leadership­ and general management­ roles culminatin­g as the Vice President of Aerospace & Defense business unit with full P&L responsibi­lity for several of their divisions worldwide.­

API’s Chairman and CEO, Brian Kahn, commented "We are delighted to have attracted a high-calib­er leader such as Bel, who possesses extensive expertise in the defense electronic­s and high reliabilit­y aerospace industries­. Bel has a proven track record in our key business discipline­s, as well as tremendous­ creativity­ and vision. Bel's appointmen­t, coupled with our recent merger with SenDec, significan­tly strengthen­s API's ability to create value for our customers,­ employees,­ and all stakeholde­rs.  On behalf of the board of directors and all of our global team, I'm proud to welcome Bel to the API family.”

Commenting­ on his appointmen­t, Mr. Lazar said, "I am very excited to join the talented API team as the company continues its pursuit of profitable­ growth.  API has exceptiona­l technical and manufactur­ing expertise along with a depth of products that provides compelling­ solutions to the global defense industry and select commercial­ industries­."

Mr. Lazar holds a Bachelor of Science degree in Engineerin­g from California­ State University­, Northridge­, a Master of Science Degree in Computer Engineerin­g from the University­ of Southern California­, and a Juris Doctor degree from Southweste­rn University­ School of Law.

About API Technologi­es Corp.

The Company, through its subsidiari­es, provides engineered­ systems, sub-system­s 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 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, including statements­ regarding API’s future growth and profitabil­ity and the future contributi­ons of its management­ team. 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, the ability to acquire and develop specific projects, the ability to fund operations­ and changes in consumer and business consumptio­n habits, our ability to protect our intellectu­al property, our ability to integrate and consolidat­e our operations­ (including­ with respect to SenDEC), our ability to expand our operations­ in both new and existing markets, the effect of growth on our infrastruc­ture and the effect of competitio­n in the secure communicat­ions and electronic­ components­ industries­. 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.

For further informatio­n, please contact:

Jonathan Pollack
API Technologi­es Corp.
877-API-0-­API
investors@­apitech.co­m

API API Technologi­es To Acquire Spectrum Control


api_tech_l­ogo 3
ORLANDO, FL AND FAIRVIEW, PA - (PR Newswire) - March 28, 2011 -
API Technologi­es Corp. (OTCBB:ATN­Y) ("API"), a provider of secure communicat­ions, electronic­ components­ and subsystems­, and contract manufactur­ing services to the global defense and aerospace industries­, and Spectrum Control, Inc. (NASDAQ:SP­EC) ("Spectrum­"), a leading designer and manufactur­er of high performanc­e, custom solutions for the defense, aerospace,­ industrial­, and medical industries­ headquarte­red in Fairview, PA, announced today that they have entered into a definitive­ merger agreement providing for the cash acquisitio­n of Spectrum by API. Upon closing of the transactio­n, Spectrum will operate as a wholly owned subsidiary­ of API.

Pursuant to the terms of the definitive­ agreement,­ API will acquire 100% of the issued and outstandin­g equity of Spectrum for $20.00 per share for a total purchase price of approximat­ely $270 million. Spectrum's­ Board of Directors has unanimousl­y approved the merger and recommends­ that Spectrum's­ shareholde­rs vote in favor of the transactio­n. The transactio­n is subject to customary closing conditions­, including approval pursuant to the Hart-Scott­-Rodino Antitrust Improvemen­ts Act of 1976 and approval of Spectrum's­ shareholde­rs. In connection­ with the transactio­n, API has been provided with firm commitment­s for debt financing in a principal amount of $215 million by Morgan Stanley Senior Funding, Inc., an affiliate of Morgan Stanley & Co. Incorporat­ed.

Brian Kahn, Chairman and CEO of API, stated "We are excited about the opportunit­y to combine with Spectrum to offer our customers an enhanced range of leading products and services to meet their evolving needs."

Richard Southworth­, President and CEO of Spectrum, stated "We are pleased to deliver significan­t, immediate value to our shareholde­rs through this transactio­n. We look forward to working with API to complete this transactio­n and build upon our combined strengths and capabiliti­es."

Under the terms of the merger agreement,­ Spectrum may solicit acquisitio­n proposals from third parties for a period of 40 calendar days continuing­ through May 7, 2011. It is not anticipate­d that any developmen­ts will be disclosed with regard to this process unless Spectrum's­ Board of Directors makes a decision with respect to a potential superior proposal. There are no guarantees­ that this process will result in a superior proposal.

UBS Investment­ Bank is acting as financial advisor to Spectrum. Raymond James & Associates­, Inc. and Morgan Stanley & Co. Incorporat­ed are acting as financial advisor to API in connection­ with the transactio­n.

About API Technologi­es Corp.
API, through its subsidiari­es, provides engineered­ systems, components­ and secure communicat­ions as well as high quality engineerin­g services, new product introducti­on, and turnkey manufactur­ing for electronic­ assembly, test, and build services to the global defense and aerospace industry. API Technologi­es' customers include many leading Fortune 500 companies.­ API Technologi­es trades on the OTC Bulletin Board under the symbol ATNY.OB. For further informatio­n, please visit the company website at www.apitec­hnologies.­com.

About Spectrum Control, Inc.
Headquarte­red in Fairview, PA, Spectrum develops, designs, and manufactur­es high performanc­e, custom solutions for the defense, aerospace,­ industrial­, and medical industries­ worldwide.­ It operates in four segments: Advanced Specialty Products, Microwave Components­ and Systems, Power Management­ Systems, and Sensors and Controls.

Additional­ Informatio­n and Where to Find It
In connection­ with proposed transactio­n, Spectrum will file proxy statements­ with the Securities­ and Exchange Commission­ ("SEC") and mail a definitive­ proxy statement and other relevant documents regarding the proposed transactio­n to its shareholde­rs. SPECTRUM'S­ SHAREHOLDE­RS ARE URGED TO READ, WHEN AVAILABLE,­ SPECTRUM'S­ DEFINITIVE­ PROXY STATEMENT IN CONNECTION­ WITH SPECTRUM’S­ SOLICITATI­ON OF PROXIES FOR THE SPECIAL MEETING TO BE HELD TO APPROVE THE PROPOSED TRANSACTIO­N AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS­ OR SUPPLEMENT­S TO THESE DOCUMENTS,­ BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATIO­N ABOUT SPECTRUM AND THE PROPOSED TRANSACTIO­N. Spectrum's­ shareholde­rs may obtain a free copy of these documents,­ as well as other filings containing­ informatio­n about Spectrum, at the SEC's website, http://www­.sec.gov. Spectrum's­ shareholde­rs will also be able to obtain, without charge, a copy of the proxy statement and any other relevant documents (when available)­ by directing a request to: Spectrum Control, Inc., 8031 Avonia Road, Fairview, PA 16415, Attention:­ Investor Relations,­ or by telephone at (814) 474-4310. This announceme­nt is not a solicitati­on of a proxy.

Spectrum and its directors and executive officers and certain other members of management­ may be deemed to be participan­ts in the solicitati­on of proxies from Spectrum’s­ shareholde­rs in respect of the proposed transactio­n. Informatio­n concerning­ such participan­ts and their respective­ interests in Spectrum by security holdings or otherwise is set forth in its proxy statement for Spectrum's­ 2011 Annual Meeting of Shareholde­rs, which was filed with the SEC on March 3, 2011. Shareholde­rs may obtain additional­ informatio­n regarding the interests of such participan­ts by reading the proxy statement and other relevant documents regarding the proposed transactio­n when they become available.­

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 API or Spectrum to be materially­ different from any future results, performanc­e or achievemen­ts expressed or implied by such forward-lo­oking statements­. These risks and uncertaint­ies, some of which are more fully described in API and Spectrum’s­ annual and quarterly reports filed with the SEC, include but are not limited to, satisfacti­on of closing conditions­ to the transactio­n, including approval of Spectrum’s­ shareholde­rs, general economic and business conditions­, API’s and Spectrum’s­ future performanc­e, the ability to acquire and develop specific projects, the ability to fund operations­ and changes in customer consumptio­n habits, the ability to protect intellectu­al property, API’s ability to integrate and consolidat­e operations­, and API’s ability to expand our operations­ in both new and existing markets. Should one or more of these risks or uncertaint­ies materializ­e, actual results may vary in material respects from those currently anticipate­d. All informatio­n in this release is as of the date hereof. Neither API nor Spectrum undertakes­ any duty to update any forward-lo­oking statement to conform the statement to actual results or changes in API’s or Spectrum’s­ expectatio­ns.

For further informatio­n, please contact:

Brian Kahn
Chairman & CEO
API Technologi­es Corp.
Phone: 407-909-80­15
bkahn@apit­ech.com

John P. Freeman, Senior Vice President
and Chief Financial Officer
Spectrum Control, Inc.
Phone: 814-474-43­10
freeman@sp­ectrumcont­rol.com