API Nanotronics Announces $4.7 Million Order from Leading US Defense Contractor Rockwell Collins
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NEW YORK, NY--(September 02, 2008) - API Nanotronics Corp. (OTCBB: APIO) ("API") (the "Company"), a leading supplier of electronic components and nanotechnology research and development to the defense and communications sectors, today announced a $4.7 million order from Rockwell Collins for custom communication components.
The order, received by API's National Hybrid division, is for a series of custom MIL 1553 multi chip modules (MCMs), hybrids and custom packaged transistors for defense communications applications. The order will be delivered over a maximum of 32 months. API holds a significant patent portfolio covering the hybrid and packaging technologies that will be incorporated into these devices.
Stephen B. Pudles, Chief Executive Officer of API Nanotronics Corp., said, "This is a significant order to a prestigious customer and a testament to the quality of API's products and our ability to service the world's leading technology companies."
About API Nanotronics Corp. (OTCBB: APIO)
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 APIO. For further information, please visit the company website at www.apinanotronics.com
CONTACT:
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
investors@apinanotronics.com
