API Technologies Appoints Bel Lazar as President and Chief Operating Officer
Share:
Over 25 years of Aerospace & Defense and Senior Management Experience
ORLANDO, FL - February 28, 2011 - API Technologies Corp. (OTCBB:ATNY) ("API" or the "Company"), a provider of highly engineered systems, sub-systems and secure communications to the global defense and aerospace industries, announced today the appointment of Bel Lazar as President and Chief Operating Officer. Mr. Lazar will be responsible for the Company's global operations.
Mr. Lazar brings over 25 years of extensive experience in the defense, semiconductor and technology fields, having served most recently as Senior Vice President of Operations at Microsemi Corporation (NASDAQ: MSCC) and a member of their executive team. At Microsemi, Mr. Lazar was responsible for several divisions serving the Aerospace & Defense markets with diverse product offerings, including space level DC-DC converters, power supplies, and other power management solutions; and RF and microelectronics components, subsystems, and systems. In addition, Bel was responsible for global Information Technology and for the acquisition and integration of several private and public companies, significantly improving their operating margins and overall profitability.
Prior to Microsemi, Mr. Lazar spent over 22 years at International Rectifier (NYSE: IRF), in expanding leadership and general management roles culminating as the Vice President of Aerospace & Defense business unit with full P&L responsibility for several of their divisions worldwide.
API's Chairman and CEO, Brian Kahn, commented "We are delighted to have attracted a high-caliber leader such as Bel, who possesses extensive expertise in the defense electronics and high reliability aerospace industries. Bel has a proven track record in our key business disciplines, as well as tremendous creativity and vision. Bel's appointment, coupled with our recent merger with SenDec, significantly strengthens API's ability to create value for our customers, employees, and all stakeholders. On behalf of the board of directors and all of our global team, I'm proud to welcome Bel to the API family."
Commenting on his appointment, Mr. Lazar said, "I am very excited to join the talented API team as the company continues its pursuit of profitable growth. API has exceptional technical and manufacturing expertise along with a depth of products that provides compelling solutions to the global defense industry and select commercial industries."
Mr. Lazar holds a Bachelor of Science degree in Engineering from California State University, Northridge, a Master of Science Degree in Computer Engineering from the University of Southern California, and a Juris Doctor degree from Southwestern University School of Law.
About API Technologies Corp.
The Company, through its subsidiaries, provides engineered systems, sub-systems and secure communications to the global defense and aerospace industry. API Technologies' customers include the governments of the U.S., Canada, the United Kingdom, NATO and the European Union, as well as many leading Fortune 500 companies. The Company is engaged in providing innovative design, engineering and manufacturing solutions to its customers. API Technologies trades on the OTC Bulletin Board under the symbol ATNY. For further information, please visit the company website at www.apitech.com.
For further information, please contact:
Jonathan Pollack
API Technologies Corp.
877-API-0-API
investors@apitech.com
