API Technologies Wins 2011 Edison Award for Innovation and Product Excellence
WINDBER, Pa., April 6, 2011 /PRNewswire/ — 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, was named recipient of a 2011 Edison Award. Presented by the Discovery Channel, the Edison Awards is a yearly competition, which honors innovation and excellence in the development, marketing and launch of new products and services. API received the Gold Best New Product honors for its API(TM) Hawki(TM) Video Aiming Device in the Electronics & Computers: Locational Technologies category. The announcement was made at the annual Edison Awards gala held last evening in New York City.
API’s patent pending Hawki Video Aiming Device is used by Explosive Ordnance Disposal (EOD) teams to examine and dispose of explosive devices. The Hawki attaches to an EOD robot, automatically calculates distance to target and point of impact, and presents this information to an EOD technician on a video monitor. Using this information, the EOD technician may then safely dispose of explosive materials from a safe distance away.
Called “The Oscars of Industry,” the Edison Awards recognizes innovative products, services and international business leaders. First launched in 1987, the Edison Awards are named after Thomas Alva Edison (1847-1931) whose extraordinary product development methods earned him 1,093 U.S. patents and made him a household name. API Technologies was honored along with a group of fellow nominees that included Microsoft, Apple, Logitech, Sharp and 3M.
“We are very pleased to receive this prestigious award that recognizes the outstanding achievements of API’s engineering team. Our greatest pride is in providing products that protect those who, to preserve our safety, regularly put themselves in harm’s way,” said Bel Lazar, President and Chief Operating Officer of API Technologies Corp.
Hawki users include the Los Angeles Sheriff’s Department, which recently used the Hawki to safely and successfully dispose of an Improvised Explosive Device (IED) found under a vehicle in Los Angeles County.
More information about the Hawki may be found here: http://www.apitechnologies.com/products/hawk-i-video-aiming-device
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.
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 more information contact:
Tara Flynn Condon
+1 (908) 546-3903
SOURCE API Technologies Corp.