Nanotechnology Now

Our NanoNews Digest Sponsors
Heifer International



Home > Press > API Nanotronics Closes Acquisition of National Hybrid Inc. -- Revenues Expected to Increase 100%

Abstract:
API Nanotronics Corp. (OTCBB: APIO) ("API") (the "Company") is pleased to announce the closing of the acquisition of National Hybrid Inc. and its subsidiary Pace Technology Inc. National Hybrid is a privately held New York-based company specializing in critical components for the US defense sector. API Nanotronics acquired 100% of the shares of National Hybrid for $9.75 million in cash at closing.

API Nanotronics Closes Acquisition of National Hybrid Inc. -- Revenues Expected to Increase 100%

TORONTO, CANADA | Posted on January 29th, 2007

Phillip DeZwirek, Chairman and CEO of API, stated, "This acquisition significantly strengthens API's product offerings and enhances our research and manufacturing capabilities as we embark on our next phase of growth in Nanotechnology. The acquisition also doubles API's revenue and further solidifies the company as a key supplier of critical electronic components to the US Department of Defense (DoD) and leading defense contractors."

National Hybrid specializes in the manufacturing of 1553 Data Bus products, Solid State Power Controllers, High Density Multi Chip Modules and custom state-of-the-art Hybrid Microcircuits. National Hybrid's customers include Raytheon, Lockheed Martin, Northrop Grumman, the Department Of Defense, and many others.

National Hybrid is in the process of completing an advanced Micro-Electro-Mechanical Systems (MEMS) production and micro-fabrication facility that will house state-of-the-art research and development capabilities in nanotechnology. Upon completion, it is anticipated that the facility will be one of the most modern MEMS micro-fabrication plants in North America.

Mr. DeZwirek further stated, "The combination with National Hybrid will allow API Nanotronics to pursue its goal of diversifying into products based on MEMS and nanotechnology. This acquisition makes API Nanotronics a one-stop shop for the most sophisticated design requirements of the leading defense contractors. Current customers have already expressed interest in working with API to develop next-generation products based on its newly acquired MEMS capabilities. We believe this acquisition puts API in a very positive position to achieve our growth objectives."

####

About API Nanotronics
API Nanotronics Corp. through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems and Keytronics, is engaged in the manufacture of electronic components and systems for the defense and communications industries. 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 off-the-shelf and custom designed products to clients in more than 34 countries. API owns state-of-the-art manufacturing and technology centers in New York, Connecticut 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 http://www.apinanotronics.com

Safe Harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, 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. Such factors include 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 and other factors over which API Nanotronics Corp. and its subsidiaries and affiliates have little or no control.

ON BEHALF OF THE BOARD

API Nanotronics Corp.
--------------------------------
Philip DeZwirek, CEO

For more information, please click here

Contacts:
Bakerview Investor Relations, Inc.
at 1-800-961-7228

Copyright © Market Wire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Daikin Industries becomes OCSiAl shareholder July 27th, 2021

180 Degree Capital Corp. Reports +14.2% Growth in Q1 2021, $10.60 Net Asset Value Per Share as of March 31, 2021, and Developments From Q2 2021 May 11th, 2021

INBRAIN Neuroelectronics raises over €14M to develop smart graphene-based neural implants for personalised therapies in brain disorders March 26th, 2021

180 Degree Capital Corp. Issues Second Open Letter to the Board and Shareholders of Enzo Biochem, Inc. March 26th, 2021

MEMS

Bosch launches longevity program for industrial and IoT applications: High-performance accelerometer, IMU and pressure sensor with 10-year availability July 23rd, 2020

CEA-Leti Develops Tiny Photoacoustic-Spectroscopy System For Detecting Chemicals & Gases: Paper at Photonics West to Present Detector that Could Cost 10x Less Than Existing Systems and Prompt Widespread Use of the Technology February 4th, 2020

MEMS & Sensors Executive Congress Technology Showcase Finalists Highlight Innovations in Automotive, Biomedical and Consumer Electronics: MSIG MEMS & Sensors Executive Congress – October 22-24, 2019, Coronado, Calif. October 1st, 2019

ULVAC Launches Revolutionary PZT Piezoelectric Thin-film Process Technology and HVM Solution for MEMS Sensors/Actuators: Enabling Reliable, High-quality Film Production for Next Generation Devices August 16th, 2019

Announcements

What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024

Curcumin nanoemulsion is tested for treatment of intestinal inflammation: A formulation developed by Brazilian researchers proved effective in tests involving mice March 8th, 2024

The Access to Advanced Health Institute receives up to $12.7 million to develop novel nanoalum adjuvant formulation for better protection against tuberculosis and pandemic influenza March 8th, 2024

Nanoscale CL thermometry with lanthanide-doped heavy-metal oxide in TEM March 8th, 2024

Military

What heat can tell us about battery chemistry: using the Peltier effect to study lithium-ion cells March 8th, 2024

The Access to Advanced Health Institute receives up to $12.7 million to develop novel nanoalum adjuvant formulation for better protection against tuberculosis and pandemic influenza March 8th, 2024

New chip opens door to AI computing at light speed February 16th, 2024

NRL discovers two-dimensional waveguides February 16th, 2024

Human Interest/Art

Drawing data in nanometer scale September 30th, 2022

Scientists prepare for the world’s smallest race: Nanocar Race II March 18th, 2022

Graphene nanotubes revolutionize touch screen use for prosthetic hands August 3rd, 2021

JEOL Announces 2020 Microscopy Image Grand Prize Winners January 7th, 2021

Acquisitions/Mergers/Splits

The concept of creating «brain-on-chip» revealed: A team of scientists is working to create brain-like memristive systems providing the highest degree of adaptability for implementing compact and efficient neural interfaces, new-generation robotics, artificial intelligence, perso May 29th, 2020

180 Degree Capital Corp. Life Science Portfolio Company Enters Into Definitive Agreement to be Acquired May 6th, 2020

180 Degree Capital Corp.’s Portfolio Company, Synacor, Inc., Agrees to Merge with Qumu Corporation in All-Stock Transaction February 11th, 2020

Combination of Nanometrics and Rudolph Technologies to Create Onto Innovation October 16th, 2019

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project