Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

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

Harris & Harris Group Sponsors NYC American Heart Association's Health Sciences Innovation Investment Forum: Co-founder of Harris & Harris Group Portfolio Company TARA Biosystems to Speak About the Value of Tissue Engineering Technology April 21st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

Graphenea embarks on a new era April 16th, 2015

Harris & Harris Group Portfolio Company OpGen Files Amended Registration Statement for Proposed Public Offering April 8th, 2015

MEMS

Phonons, arise! Small electric voltage alters conductivity in key materials April 22nd, 2015

Iranian Scientists Evaluate Dynamic Interaction between 2 Carbon Nanotubes April 14th, 2015

ASIC Development for MEMS Applications: A Platform Approach March 25th, 2015

STMicroelectronics Executive Vice-President Benedetto Vigna Awarded IEEE Frederik Philips Award March 12th, 2015

Announcements

SEFCU, SUNY Poly CNSE Announce Winning Student-Led Teams in the 6th Annual $500,000 New York Business Plan Competition April 25th, 2015

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

Nanotech-enabled moisturizer speeds healing of diabetic skin wounds: Spherical nucleic acids silence gene that interferes with wound healing April 24th, 2015

Fast and accurate 3-D imaging technique to track optically trapped particles April 24th, 2015

Military

Electron spin brings order to high entropy alloys April 23rd, 2015

Engineer improves rechargeable batteries with MoS2 nano 'sandwich' April 18th, 2015

Cobalt film a clean-fuel find: Rice University discovery is efficient, robust at drawing hydrogen and oxygen from water April 15th, 2015

MIT sensor detects spoiled meat: Tiny device could be incorporated into 'smart packaging' to improve food safety April 15th, 2015

Human Interest/Art

To Conserve London's 300-Year-Old Masterpiece, Nanotech & Drones April 12th, 2015

2015 Nanonics Image Contest January 29th, 2015

OCSiAl supports NanoART Imagery Contest January 23rd, 2015

EnvisioNano: An image contest hosted by the National Nanotechnology Initiative (NNI) January 22nd, 2015

Acquisitions/Mergers/Splits

Keysight Technologies Begins Trading as Independent Company November 3rd, 2014

PEN Inc. Chairman, Scott Rickert, Will Webcast a Live Company Update September 25, 1 PM EDT September 17th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

PEN Inc. Announces New Trading Symbol: PENC: Stock Continues Trading on the OTCQB September 3rd, 2014

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




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project