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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 the introduction of a new line of proprietary UV polarizers.
Developed at the Company's NanoOpto Division, this advanced product is based on a patented nanofabricated grating design. The polarizers can be optimized for use at a customer-specified wavelength, such as the 266nm quadrupled YAG laser line, and exhibits extinction ratios exceeding 20db. These devices, which are non-dichroic, high-transmission components and super thin, can be cut to any application-specific size and shape up to 4" x 4". The Company is targeting UV photolithography and display applications markets and has already received interest from a variety of global blue chip technology companies.
"This is an exciting development for API," said Phillip DeZwirek, Chairman and CEO of API. "We expected NanoOpto to yield many new products, but these polarizers are well ahead of schedule and that is a testament to Dr. Moskovits and the team at our new facility in New Jersey. We anticipate that this will highlight API's superior technical capabilities to a variety of industries and lead to new partnerships for our company."
About API Nanotronics Corp.
API Nanotronics Corp., through its wholly owned subsidiaries API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofab 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, Florida 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.
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Director of Corporate Communications for API Nanotronics
TEL: 1-877-API-O-API (274-0274)
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