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API Technologies Recognized By Lockheed Martin For Quality And Delivery

API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced its Electronics Integrated Solutions (EIS) team (formerly Spectrum Control) was recognized by Lockheed Martin Aeronautics Company for 100% on time delivery with zero quality defects in 2012. This is the second year in a row the team received this distinction.

“In 2012, API Technologies successfully delivered their product to us 100% on time with zero quality defects. This doesn’t happen without a workforce dedicated to the highest standards of performance,” said Tom Simmons, Vice President of Supply Chain Management, Lockheed Martin Aeronautics Company.

“It is indeed the professionalism and dedication of our employees that enable API to achieve the highest quality standards year over year,” said Bob McKenna, Executive Vice President of Operations, API Technologies.“We are pleased to be recognized by Lockheed Martin as a top supplier of high-reliability products for their broad range of military and commercial aircraft programs.”

About API Technologies Corp.

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. 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, 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.

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