API Technologies Awarded $2.5 Million Secure Communications Contract in the U.K.
ORLANDO, Fla., June 16, 2011 /PRNewswire/ — API Technologies Corp. (OTC Bulletin Board: ATNY) (“API” or the “Company”), a provider of electronic systems, subsystems, RF, and secure systems for defense, aerospace, and commercial applications, today announced that it was awarded a contract valued at $2.5 million USD to provide secure communications equipment to a UK Government user for use in static and mobile environments. API’s UK subsidiary, Secure Systems & Technologies (“SST”) won the order, which will be designed and manufactured in the Company’s Gloucester, UK facility.
“Coalition partner collaboration is of vital importance to preserving international security. We are pleased to deliver a secure communications solution in support of this mission,” said Bel Lazar, President and Chief Operating Officer of API Technologies Corp.
About API Technologies Corp.
The Company, through its subsidiaries, designs, develops and manufactures systems, subsystems, RF and secure communications solutions for technically demanding defense, aerospace and commercial applications. API Technologies’ international customers include many leading Fortune 500 companies. 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.
API Technologies Corp.
SOURCE API Technologies Corp.