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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, announced today that its NanoOpto division delivered its first nanotechnology order, consisting of specialized optical filters, to a leading global digital imaging component manufacturer.
These highly specialized infrared-cut filters have precise properties eliminating infrared while passing through the full spectrum of colors needed for a crisp image. Unique to API, these filters are manufactured using a nanofabrication technology called "atomic layer deposition," or ALD, rarely used in the optical industry. Given its vast instrumental and technical capability in this area, API is uniquely positioned to provide infrared-cut filters and other display, projection and imaging components, such as specialty-coated lenses, with unprecedented precise spectral properties.
"We are thrilled to deliver our first nanotechnology order," stated Phillip DeZwirek, Chairman and CEO of API. "This is a milestone for our Company both in terms of product innovation and meeting the needs of our global customer base. There is a great deal of interest in API's unique capabilities and we expect to capitalize on that interest to secure new business and new customers going forward."
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 Nanofabrication and Research 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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