Home > Press > API Nanotronics Announces Over $2 Million in New Orders
API Nanotronics Corp. (OTCBB: APIO) ("API" or the "Company"), a leading supplier of electronic components to the defense and communications sectors, announced today that it has received over $2 million in new contracts.
API Nanotronics Announces Over $2 Million in New Orders
New York, NY | Posted on February 6th, 2007
These contracts include orders for API's Filtran Ltd. subsidiary totaling $600,000 for transformers, inductors and filters used in a variety of military and government radio communication systems and a 2 year blanket award of $1.8 million won by API's Keytronics Inc. subsidiary providing transformers, chokes, inductors, capacitor networks, to a leading defense company. Keytronics has also recently gained approval on 4 qualification items for the "787 Dreamliner Program" at Goodrich Aerospace, and the Airbus project, which is a 12-15 year program.
Phillip DeZwirek, Chairman and CEO of API, stated, "These new orders are substantial and speak to continued momentum in our core business. While we pursue our goal of advancing next generation products through nanotechnology, it is important to recognize the strength and consistency of our traditional business."
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
Bakerview Investor Relations, Inc.
Copyright © Market Wire
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Nanometrics Announces Upcoming Investor Events July 22nd, 2014
Bruker Awarded Fourth PeakForce Tapping Patent: AFM Mode Uniquely Combines Highest Resolution Imaging and Material Property Mapping July 22nd, 2014
NIST shows ultrasonically propelled nanorods spin dizzyingly fast July 22nd, 2014
Penn Study: Understanding Graphene’s Electrical Properties on an Atomic Level July 22nd, 2014
Carbyne morphs when stretched: Rice University calculations show carbon-atom chain would go metal to semiconductor July 21st, 2014
Tiny laser sensor heightens bomb detection sensitivity July 19th, 2014
Future Electronics May Depend on Lasers, Not Quartz July 17th, 2014
Rice nanophotonics experts create powerful molecular sensor: Sensor amplifies optical signature of single molecules about 100 billion times July 15th, 2014
Aspen Aerogels, Inc. Schedules Second Quarter 2014 Earnings Release and Conference Call July 15th, 2014
Nanometrics to Announce Second Quarter Financial Results on July 30, 2014 July 9th, 2014
Small, but heading for the big time: Nanobiotix revenue for the 1st quarter of 2014 and new composition of the shareholding May 12th, 2014
Harris & Harris Group Reports Financial Statements as of March 31, 2014 May 8th, 2014