API Technologies – ATNY – Receives $1.6 Million Order
NASDAQ:ATNY), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, announced it has received a $1.6 million order to provide critical electronic assemblies for rail transport systems to a Fortune 100 company.
“We are pleased when companies seeking high-reliability products for critical transportation systems turn to API as a trusted engineering and manufacturing partner. This order, from an existing customer, is testament to the quality and reliability of the solutions we provide,” said Bel Lazar, President and Chief Executive Officer of API Technologies.
About API Technologies Corp. – ATNY
API Technologies designs, develops and manufactures electronic systems, subsystems, RF and secure solutions for technically demanding defense, aerospace and commercial applications. API Technologies’ customers include many leading Fortune 500 companies. API Technologies trades on the NASDAQ under the symbol ATNY.
API Technologies Corp. (ATNY) designs, develops and manufactures systems, subsystems, radio frequency (RF) and secure communications products, as well as provides electronics manufacturing and engineering services. Its product lines include engineered products (including unmanned aerial vehicles (UAVs), aiming systems and synthesizers), secure communications products (including TEMPEST and emanation security, encryption and secure networking products), subsystems and components (including custom hybrids, MIL-STD-1553 Data Bus, terminals, transistors and magnetics), RF and microwave products (including custom filters, amplifiers, connectors and antennas), sensors, and power systems. It operates in two segments: Systems & Subsystems, and Secure Systems & Information Assurance. On June 1, 2011, it acquired Spectrum Control, Inc. On November 29, 2011, API acquired Commercial Microwave Technology, Inc. In March 2012, ATNY acquired C-MAC Aerospace Limited (C-MAC).
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Post Written By: Ed Liston
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.
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