Split und reverse split bei API NANOTRONICS (New)

API Nanotronics Reports Record First Quarter Revenues of $7.9 MillionTicker Symbol: U:APIA

NEW YORK, NY -- (MARKET WIRE) -- 10/10/08
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API Nanotronics Corp. (OTCBB: APIA) ("API") (the "Company"), a leading supplier of electronic components, nano-optics and nanotechnology research and development to the defense and communications sectors, today announced first quarter operating results for the period ended August 31, 2008.

Financial Highlights for the First Quarter 2009




--  Net revenue for the first quarter of fiscal 2009 was $7.9 million, an

   11% increase over fiscal 2008 first quarter revenue of $7.1 million;

--  Gross profit increased to $2.1 million in the first quarter of fiscal

   2009 compared to $2.0 million in the first quarter of fiscal 2008 as the

   Company began to restructure its domestic operations and transfer select

   manufacturing to China;

--  GAAP net loss for the quarter was $0.89 million or $0.03 per share,

   compared to a loss of $0.71 million or $0.03 per share in the first quarter

   of 2008. The GAAP loss includes a charge of $0.22 million related to

   restructuring and the consolidation of facilities. The loss also includes

   non-cash charges related to stock-based compensation and depreciation

   totaling $0.53 million. Excluding restructuring expenses, non-cash charges

   and nanotechnology R&D expenses of $0.94 million, non-GAAP net income was

   $0.80 million, compared to $0.12 million in the previous year; and

--  Balance sheet remains strong with over $4.2 million in cash and

   marketable securities and $0.10 million of long term debt.

   
Reconciliations of non-GAAP measures to GAAP net profit (loss) are included at the end of this release.

Operating Highlights



--  During the first quarter of fiscal 2009, API continued to implement a

   series of initiatives to consolidate its physical plants and streamline

   manufacturing through greater outsourcing, while improving profitability

   and achieving significant progress in its nanotechnology endeavors;

--  Three locations have been shut down and the business activities moved

   to the Company's Ronkonkoma NY, Somerset NJ and Ottawa Canada sites;



--  The Company expanded its presence in China, completing the process of

   qualifying facilities for its magnetics products and is now able to deliver

   a range of products designed by its engineering team and manufactured in

   China with impressive quality and pricing;

--  In July, API announced it received two 2008 NanoBriefs® Nano 50(TM)

   awards. Dr. Martin Moskovits, API's Chief Technology Officer, was honored

   as a Nano 50 Innovator and API's SubWave(TM) UV Polarizers were honored

   with a Nano 50 product award;

--  The Company secured a large $4.7 million order from Rockwell Collins,

   expanding its long standing business relationship with the leading

   military aircraft electronics supplier; and

--  The Aries series of 1553 terminals, featuring IP developed in

   partnership with Sital Technology, an Israeli company specializing in 1553

   software solutions, has been qualified by a major defense prime as a pin-

   for-pin replacement with superior characteristics for a competitor's

   product.

   
Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said, "We are working to maximize profitability and the value of the business. Revenues continue to grow and the nanotechnology platform is proving successful when applied to a variety of sophisticated optical component solutions. We believe the steps we are taking will deliver tangible positive results in the immediate future."

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic components and systems for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.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 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.

In this press release, API has provided a non-GAAP financial measure for (i) net profit (loss) to reflect its financial results without charges related to restructuring, depreciation and stock-based compensation expense. 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 reconcilesfirst quarter GAAP net income (loss) to non-GAAP net income (loss).



Net Income (Loss) (In millions)             Q108     Q107



GAAP Net income (loss)                     $ (0.89)  $ (0.71)



Restructuring Charge                       $  0.22       --



Research & Development                     $  0.94   $  0.28



Depreciation                               $  0.30   $  0.20



Stock-based compensation expense           $  0.23   $  0.35



Non-GAAP Net income                        $  0.80   $  0.12

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Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact  

   -- Backlog of $14.5 million.

Financial Highlights for the Six Months Ended November 30, 2008

   -- Revenue was $13.6 million, a decrease of 7.5% from $14.7 million
      in the same period in 2007;

   -- API NRC, the Company's Nanotechnology division, which specializes
      in Nano-Optics, increased revenues to $0.2 million in the first six
      months of fiscal 2009, compared to almost $nil in the previous year.
      This improvement comes as API continues to grow its nanoproduct
      offerings after the acquisition of NanoOpto Corp. on July 19, 2007;

   -- The Company continued to generate positive cash flow from
      operations. In the six months ended November 30, 2008, net cash
      provided by operating activities increased to $0.5 million compared
      to $0.1 million in the previous year; and

   -- Net loss of $2.7 million or ($0.08) per share for the first half of
      fiscal 2009, compared to net loss of $1.9 million or ($0.08) per
      share for the same period of fiscal 2008.

Operating Highlights

   -- During the second quarter of fiscal 2009, API continued to implement
      cost-saving restructuring initiatives enabling the Company to
      generate positive cash from operating activities in a difficult
      economic environment, while continuing to invest in future
      nanotechnology product development;

   -- The Company continued its consolidation efforts of reducing design
      and manufacturing centers to three facilities from seven and closing
      and consolidating operations at facilities in Ogdensburg and
      Endicott, New York and Largo, Florida. These strategic moves were
      undertaken to reduce operating costs while enhancing production
      capabilities;

   -- In response to market conditions, the Company continues to
      transition certain product lines to China for manufacture, which
      should assist in increasing margins;

   -- In September, a leading semiconductor capital equipment company
      enlisted the Company to develop a key nanotechnology derived optical
      component for a next generation lithography platform;

   -- Also in September, the Company announced the introduction of a new
      series of nano-optic high-performance polarizing beam
      splitter/combiners; and developed a number of products that combine
      its proprietary nanofabrication techniques with MEMS technologies;
      and

   -- The Company completed a fifteen-for-one reverse stock split.

"The Company is clearly making strides towards a financial structure that will benefit long term performance and shareholder value," said Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc. "In this difficult financial period, the Company has been able to maintain a strong balance sheet and improve operations, positioning it for greatly improved performance going forward."

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic components and systems for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.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 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.

Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: investors@apinanotronics.com

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API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic components and systems for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.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 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.

Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: investors@apinanotronics.com

--Backlog increased over 7% from the second quarter to over $15.6 million, highlighted by a 32% year over year increase at the Company's National Hybrid division to $8.3 million.

Financial Highlights for the Nine Months Ended February 28, 2009

--Revenue was $19.4, a decrease of 12% from $22.1 million in the same period in fiscal 2008;

--Gross margins declined 4% to 23% in the first nine months of fiscal 2009 from the previous year's 27%. Excluding restructuring charges gross margins for the first nine months of 2009 were 26%(1); and

--Net loss of $4.3 million or ($0.12) per share for the first nine months of fiscal 2009, compared to net loss of $3.0 million or ($0.12) per share for the same period of fiscal 2008. The GAAP net loss includes nanotechnology R&D expenses. Excluding such expenses, net loss for the first nine months of 2009 would have been $1.2 million(1).

Operating Highlights

--During third quarter of fiscal 2009, API continued its consolidation efforts and the shift of some manufacturing overseas resulting in a greater than 100% gross margin improvement from the previous quarter to 29%. Excluding restructuring charges related to the ongoing consolidation, third quarter gross margins were 67% higher than the second quarter(1); and

--During the quarter the Company announced that due to what its board of directors deems an undervalued share price and its strong balance sheet it authorized the repurchase of up to 10% of the Company's outstanding common shares.

Stephen Pudles, Chief Executive Officer of API Nanotronics Corp., stated, "Recent and continuing consolidation initiatives are delivering a better operating foundation for the Company's future. We are already seeing improved operating margins in this past quarter. We believe in our current products and that investments in innovative technologies will yield new products and growth going forward."

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic components and systems for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.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 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.

(1) In this press release, API has provided a non-GAAP financial measure for (i) gross margins to reflect its financial results without our restructuring charges, and (ii) net loss to reflect its financial results without research and development expenses. API presents this non-GAAP information as a supplemental figure because management believes it makes it easier for investors to compare current and historical period operating results. These are not recognized measures under US GAAP, do not have standardized meanings, 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 gross profit margins or 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 third quarter GAAP net income (loss) to non-GAAP net income (loss).

Net Income (Loss) (In millions)           Q309            Q308
                                        -----           -----
GAAP Net income (loss)                   $(1.6)          $(1.1)
Research & Development                   $ 1.1           $ 1.1
Non-GAAP Net Income/loss                 $(0.5)          $ 0.0

The following table reconciles nine month GAAP net income (loss) to non-GAAP net income (loss).

Net Income (Loss) (In millions)      Nine Months 09   Nine Months 08
                                    --------------   --------------
GAAP Net income (loss)                   $(4.3)          $(3.0)
Research & Development                   $ 3.1           $ 2.3
Non-GAAP Net income/loss                 $(1.2)          $(0.7)

The following table reconciles third quarter GAAP gross margins to non-GAAP gross margins.

GAAP Gross Margins                        Q309            Q308
                                        -----           -----
GAAP Gross  Margins                      $ 1.6           $ 1.9
GAAP Gross Margin %                         29%             26%
Restructuring Charge                     $ 0.1              --
Non-GAAP Gross Margin                    $ 1.7           $ 1.9
Non-GAAP Gross Margin %                     30%             26%

The following table reconciles nine month GAAP gross margins to non-GAAP gross margins.

GAAP Gross Margins                   Nine Months 09   Nine Months 08
                                    --------------   --------------
GAAP Gross Margins                      $4.5              $6.0
GAAP Gross Margin %                       23%               27%
Restructuring Charge                    $0.6                --
Non-GAAP Gross Margins                  $5.1              $6.0
Non-GAAP Gross Margin %                   26%               27%


Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
investors@apinanotronics.com

Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said, "This partnership expands on our successful existing collaboration with Sital that resulted in our ARIES® product line. We are proud to represent Sital's industry leading products in key markets and look forward to working together on future product offerings. This is a great opportunity for both companies."

API's National Hybrid division will be exhibiting at the coming Avionics show in San Diego on June 1 and 2.

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic components and systems for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.com.

About Sital Technology

Headquartered in Kfar-Saba, Israel, Sital Technology is an industry expert in MIL-STD-1553 design. The company develops intellectual property, components and testers for Mil-Std-1553 and other avionics applications and provides design and integration services. The principal staff are veterans of Israeli Air Force with in-depth understanding of avionics systems and its requirements. For more information about Sital visit www.sitaltech.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 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 more information contact:

Sital:
Duli Yariv
duli@sital.co.il

NHI:
Harry Perry
harry.perry@nationalhybrid.com

Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: investors@apinanotronics.com

Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said, "We are proud to have Dr. Moskovits represent the company at this prestigious event. His participation is testament to the work we are doing at API and the company's leadership position in nano-structured optical components."

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic components and systems for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey and Ontario, Canada and has manufacturing capabilities in China and a distribution center in Britain. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.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 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.

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Contact:

Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: Email Contact

As part of API, these businesses will operate as the newly formed API Cryptek Inc. Mr. William Anderson will serve as president of API Cryptek. Mr. Anderson was CEO of Cryptek from 2005-2008 and was instrumental in growing Cryptek into a leader in its industry, generating in excess of $30 million in annual revenue. In his role as President of API Cryptek, Mr. Anderson will report directly to Stephen Pudles, CEO of API. API has retained the majority of Cryptek's employees and expects no disruption in business operations.

Management considers this acquisition highly synergistic as 80-90% of both company's revenues are derived from government and military customers and there are tremendous opportunities to cross market API's broad networking and communications product offerings. This is regarded as the initial transaction in a larger strategic plan to position API as a leading global military supplier and customer solutions technology company. This acquisition moves API upstream as a top-tier designer and manufacturer of systems and subsystems for some of the world's largest companies and government agencies. As a significantly larger company, API will continue to pursue complimentary acquisitions and accelerate internal product development.

Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said, "This is a tremendous acquisition for API's customers, shareholders and employees. As part of API we believe Cryptek's assets will quickly generate growth and significant profitability. As a larger company generating significant cashflows, API will be in a strong position to support internal product development in a variety of new areas."

William Anderson, President of API Cryptek Inc., said, "I am extremely excited about the opportunity to lead API Cryptek through a new phase of growth with the support of a strong parent company like API Nanotronics. I believe this is a very powerful combination and decidedly positive for our employees and customers."

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Cryptek Inc., EMCON Emanation Control Ltd., Ion Network Solutions, Secure Systems & Technologies Ltd. API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic systems and components for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, L-3 Communications, Rockwell Collins, Raytheon, ITT and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey, Virginia, Gloucester, UK and Ontario, Canada. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.com and also at www.cryptek.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 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.

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Contact:

Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: Email Contact

Stephen B. Pudles, Chief Executive Officer of API Nanotronics Corp., said, "This is an exciting time for our company. We are growing both organically and through acquisitions, and this order is evidence of the strength of our internal research and product development capabilities. We look forward to continuing to grow our NanoOpto division as we expand its product base and customer reach."

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Cryptek Inc., EMCON Emanation Control Ltd., Ion Network Solutions, Secure Systems & Technologies Ltd., API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic systems and components for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, L-3 Communications, Rockwell Collins, Raytheon, ITT and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey, Virginia, Gloucester, UK and Ontario, Canada. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.com and also at www.cryptek.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 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.


Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: investors@apinanotronics.com

Übersetzung Babel-Fisch:

   API Nanotronics' NanoOpto Abteilung sichert den größten Auftrag in seiner Geschichte Firma vorgewählt, eigenen Nanofabrikations-Prozess für in hohem Grade zu entwickeln - hoch entwickelte Oblate stellte Sensoren her NEW YORK, NY--(Marketwire - 16. Juli 2009) - API Nanotronics Corp. (OTCBB: APIA) (" API" oder das " Company"), verkündeten ein führender Lieferant der elektronischen Systeme und Subsystem-, Bestandteil-, Nanooptik- und Nanotechnologieprodukte zu den Aerospace-, Verteidigung- und Kommunikationssektoren heute einen Auftrag $800.000 für seine NanoOpto Abteilung. Dieser Auftrag stellt den größten Auftrag bis jetzt für NanoOpto dar und validiert seine Geschäftsstrategie im nano Raum. Der Vertrag ist, den Herstellungsprozeß für einen erhöhten Sensor zu entwickeln, der auf einer eigenen Strategie basiert. Die Entwicklungsphase wird innen unter 12 Monaten abgeschlossen, an deren Punkt die verbesserten Sensoren zur großräumigen Produktion bereit sind. Nach dem sensor' s-Entwicklung, API fährt fort, Einkommen von den großräumigen Oblateniveau Produktdurchläufen zu erzeugen. Dieser große Vertrag von einer führenden MEMS Firma stellt API' zur Schau; führende Nanofabrikationsfähigkeiten der s-Industrie. Vorgerückte Sensoren werden in einer Vielzahl von Industrien einschließlich Verteidigung benutzt, medizinisch, Unterhaltungselektronik und Automobil. API' s-bietet führende Nanofabrikationsplattform Technologiefirmen die Fähigkeit, Vorrichtungen zu verursachen, die an beiden Mikrostrukturen und nanostructures arbeiten an und nanoscale Präzision für Mikroskalaeigenschaften zu entwickeln. Stephen B. Pudles, Generaldirektor von API Nanotronics Corp., sagte, " Dieses ist eine aufregende Zeit für unsere Firma. Wir wachsen organisch und durch Erwerb, und dieser Auftrag ist Beweis der Stärke unserer internen Forschungs- und Produktentwicklungsfähigkeiten. Wir freuen uns fortzufahren, unsere NanoOpto Abteilung zu wachsen, während wir seine Produktunterseite und Kunden reach." erweitern; Über API Nanotronics Corp. (OTCBB: APIA) API Nanotronics Corp., durch seine insgesamt besessenen Tochtergesellschaften API Cryptek Inc., EMCON-Emanation-Steuerung Ltd., Ionennetz-Lösungen, sicheres Systeme & Technologies Ltd., API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics und API Nanofabrication Corporation, nimmt an der Fertigung der elektronischen Systeme und der Bestandteile für die Verteidigung und die Kommunikationsindustrien teil. API entwickelt auch eine Führungsposition im R& D und Fertigung der Nanotechnologie und DER MEMS Produkte. Mit einer wachsenden Kundenliste Chip, einschließlich Honeywell/verband Signal, General Dynamics, Lockheed Martin, L-3 Kommunikationen, Rockwell Collins, Raytheon, Abgastemperatur und zahlreich versendet andere oberste technology-based Unternehmen um die Welt, API regelmäßig Produkte zu den Klienten in mehr als 34 Ländern. API besitzt Entwicklungsherstellungs- und Technologiemitten in New York, in New-Jersey, in Virginia, in Gloucester, in Großbritannien und in Ontario, Kanada. API Nanotronics handelt auf dem OTC Anschlagbrett unter dem Symbol APIA. Für weitere Informationen, besichtigen Sie bitte die Firmaweb site bei www.apinanotronics.com und auch bei www.cryptek.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 elektronische Bauelement-, Nanooptik- und Nanotechnologieindustrien 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.

For more information on Bus+™ please see the product datasheet at: www.nationalhybrid.com:8080/downloads/bus_plus_datasheet.pdf

Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said, "1553 Data bus offers great opportunity for innovative companies. We are responding to market needs and developing new products for our customers. NHI recently partnered with Sital Technologies to develop Aries™, a superior 1553 data bus Terminal solution with an industry leading IP core. We have now partnered with Pulse, a world leader in miniature transformer design to offer customers Bus+. We are proud of this collaboration and have high expectations for this product."

"Pulse has partnered with NHI, a world class leader in MIL-STD-1553 data bus technology, to develop an integrated transceiver/transformer that allows avionics designers a higher level of design flexibility. By merging what has traditionally been two separate board level products into one, Bus+ will offer a truly innovative product utilizing the latest in manufacturing technologies to achieve higher levels of reliability and performance than what has been offered to industry in the past," explained Estro Vitantonio, General Manager of the Pulse Military/Aerospace Division.

About API Nanotronics Corp. (OTCBB: APIA)

API Nanotronics Corp., through its wholly owned subsidiaries API Cryptek Inc., EMCON Emanation Control Ltd., Ion Network Solutions, Secure Systems & Technologies Ltd. API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic systems and components for the defense and communications industries. API is also developing a leadership position in the R&D and manufacture of nanotechnology and MEMS products. With a growing list of blue chip customers, including Honeywell/Allied Signal, General Dynamics, Lockheed Martin, L-3 Communications, Rockwell Collins, Raytheon, ITT and numerous other top technology-based firms around the world, API regularly ships products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, New Jersey, Virginia, Gloucester, UK and Ontario, Canada. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.com and also at www.cryptek.com.

About Pulse

Pulse (www.pulseeng.com), a Technitrol (NYSE: TNL) Company, is a worldwide leader in the design, manufacturing, and sales of sub-assembly electronic components. Pulse products are used in web infrastructure, computing, networking, communications, power conversion, defense and aerospace, automotive, wireless equipment and hand-held technologies, and gaming. State-of-the-art custom designs and catalog products position Pulse as a complete source for electronic OEMs, contract manufacturers, and ODMs. Pulse is a participating member of IEEE, ATIS, ETSI, HDMI, the DSL Forum, CommNexus, and MoCA.

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 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.

Product and Sales Information Contact:

NHI:
Harry Perry
harry.perry@nationalhybrid.com

Harold McKee
Product Marketing Manager
Pulse Military/Aerospace Division
1-215-781-6400
Email Contact: hmckee@pulseeng.com

Investor Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: investors@apinanotronics.com

-- Revenue for the fourth quarter of fiscal 2009 was $6.3 million, a 28% decrease from the $8.8 million recorded in the same period of fiscal 2008; and

-- GAAP net loss of $2.1 million or -$0.07 per share, compared to a loss of $3.6 million or -$0.14 per share for the same period of fiscal 2008. The loss includes stock-based compensation and depreciation totaling $0.9 million. Excluding these non-cash charges and total R&D expenses of $1.1 million, non-GAAP net loss was $.01 million versus a loss of $1.8 in the same period last year(1).

Operational Highlights

-- The Company reduced design and manufacturing centers to four from eight, closing and consolidating operations at facilities in Ogdensburg, Endicott, and Islip New York and Largo, Florida. These strategic moves were undertaken to reduce operating costs while enhancing production capabilities;

-- In May 2009, the Company announced an expanded partnership with Sital Technologies. This agreement allows API to sell Sital's state-of-the-art 1553 data bus IP cores in the United States, while the companies also agreed to increase co-development of next generation 1553 data bus offerings;

-- In February 2009, API's Board of Directors authorized the repurchase of up to 10% of the Company's common stock;

-- In September 2008, API announced a 15-1 reverse stock split;

-- In September 2008, API Nanotronics announced its Nanotechnology Division had been enlisted by a leading semiconductor capital equipment to develop a key component for a next generation lithography product;

-- In September 2008, API Nanotronics announced its Nanotechnology Division introduced a new polarizing beam splitter/combiner developed using its industry leading nano-optic fabrication processes; and

-- Also in September 2008, the Company announced a large $4.7 million order from leading defense contractor Rockwell Collins.

Subsequent Event

On July 13, 2009, API announced the acquisition of substantially all of the assets of Cryptek Technologies Inc. Cryptek offers a variety of 'ultra' secure network and hardware solutions including emanation security, TEMPEST, ruggedized computers and peripherals and secure network access under the ION, EMCON, SST and Netgard brand names. Cryptek's customers include government, military and intelligence agencies around the globe. In 2008, Cryptek's consolidated revenues exceeded $30 million, and API management believes this acquisition to be highly synergistic and significantly accretive to earnings. As part of API, these businesses will operate as API Cryptek Inc.

Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said, "In 2009 we successfully positioned API for the future. We consolidated and reorganized certain operations to reduce costs and improve efficiencies. In addition, we invested in new products and technologies to meet the growing needs of our global clients. These important initiatives together with the recent acquisition of Cryptek Technologies will allow the Company to once again achieve significant growth and further increase the value for our shareholders."

About API Nanotronics Corp. (OTCBB: APIA)

API is a leading provider of high technology products, subsystems, systems and component level products. API is also engaged as a prime system contractor in TEMPEST, ruggedization, network security, communications, and other government services. The Company's 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), allied foreign governments, domestic and international commercial customers and select other U.S. federal, state and local government agencies. The Company is engaged in providing innovative design, engineering and manufacturing solutions to customers. API is also a manufacturer of electronic components and systems for the defense, aerospace and communications industries, with a developed expertise in the R&D and manufacture of nanotechnology and MEMS products. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.com

(1) In this press release, API has provided a non-GAAP financial measure for (i) net profit (loss) to reflect its financial results without stock-based compensation expense, depreciation, and research and development expense. 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 annual GAAP net income        Year     Year

(loss) to non-GAAP net income (loss).                       ended    ended

(In millions)                                               May 31   May 31

                                                            2009     2008



GAAP net income                                            $ (6.4)  $ (6.6)

Research and development expenses                          $  4.2   $  3.5

Depreciation and amortization                              $  1.3   $  1.2

Stock-based compensation expense                           $  0.9   $  0.9

Non-GAAP net income (loss)                                 $  0.0   $ (1.0)




The following table reconciles fourth quarter GAAP net

income (loss) to non-GAAP net income (loss).

Net Income (Loss) (In millions)                             Q409     Q408



GAAP Net income (loss)                                     $ (2.1)  $ (3.6)

Research & Development                                     $  1.1   $  1.1

Depreciation and amortization                              $  0.6   $  0.4

Stock-based compensation expense                           $  0.3   $  0.3

Non-GAAP Net income (loss)                                 $ (0.1)  $ (1.8)

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 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.

Investor Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: investors@apinanotronics.com

Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., the parent company of API Cryptek, said, "We are very proud to continue to be chosen to secure the information for many of the world's largest government agencies. With the recent acquisition of Cryptek and their subsidiaries in the U.S., the UK and Canada, we look forward to continuing to solidify their leadership position in secure communications and continue to forge this technology into new markets."

About API Nanotronics Corp. (OTCBB: APIA)

API is a leading provider of high technology products, subsystems, systems and component level products. API is also engaged as a prime system contractor in TEMPEST, ruggedization, network security, communications, and other government services. The Company's 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), allied foreign governments, domestic and international commercial customers and select other U.S. federal, state and local government agencies. The Company is engaged in providing innovative design, engineering and manufacturing solutions to customers. API is also a manufacturer of electronic components and systems for the defense, aerospace and communications industries, with a developed expertise in the R&D and manufacture of nanotechnology and MEMS products. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company websites at www.apinanotronics.com, www.emcon.com and www.cryptek.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 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.

Gruß
PHK

   "We are extremely pleased with the acquisition and integration of Cryptek. Despite the initial post-closing period required to bring their operations back to historical levels, this acquisition solidifies our position as a leader in the global secure communications sector," said Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc. "While the continued weak economic environment coupled with what is typically the slowest quarter of our fiscal year affected the results in the quarter, we are excited with the prospects for the remainder of the year and beyond as API further expands its business to become one of the leading defense and communication contractors in North America and Europe."

Operating Highlights


--  On July 7th, 2009, API acquired substantially all of the assets of
   Cryptek Technologies, a leading provider of network communications &
   security products to the government and defense sectors, effectively
   doubling the size of the Company and significantly broadening its presence
   in the defense and secure communications markets;
--  In July, the Company was contracted to develop a proprietary
   nanofabrication process for highly sophisticated wafer manufactured
   sensors, the largest nanotechnology order in API's history;
--  In August, the Company's rationalization and efficiency efforts
   continued as the process to consolidate its Filtran and Emcon divisions in
   Ottawa, Canada into one facility commenced; and
--  In August, the Company, partnering with Pulse Engineering, a
   Technitrol company, introduced Bus+™, the world's smallest 1553 data bus
   transceiver/transformer integrated into a single package.
   Subsequent Events


--  In October, the Company announced that Emcon Emanation, the Canadian
   division of recently acquired Cryptek, won five significant Canadian
   Government contracts to supply a variety of secure communications
   equipment.
   About API Nanotronics Corp. (OTCBB: APIA)

The Company is engaged as a prime system contractor in secure communications, including ruggedization and network security, and a leading provider of electronic components and subsystems. Our 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 customers. The Company has also developed expertise in the R&D and manufacture of nanotechnology and MEMS products. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA. For further information, please visit the company website at www.apinanotronics.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 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.


Investor Contact:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: investors@apinanotronics.com


Gruß
PHK

The Company is engaged as a prime system contractor in secure communications and a leading provider of electronic components and subsystems. API's 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.

The Company is engaged as a prime system contractor in secure communications and a leading provider of electronic components and subsystems. API's 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 or www.nationalhybrid.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.

Gruß
PHK