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API Receives $1.7 M to Provide High Power/Small Signal Amplifiers for EW Systems

API Technologies Corp. (NASDAQ:ATNY) (“API” or the “Company”), a trusted provider of RF/microwave, microelectronics, and security solutions for critical and high-reliability applications, today announced that it has received a new $1.7 million order to provide high power/small signal amplifiers for use in electronic warfare systems. The order was placed by a prime U.S. Department of Defense contractor. Deliveries are expected over the next 12 months with an estimated lifetime revenue potential of $20 million.

No additional information is available due to the secure nature of this program.

Source : API Technologies Corp.

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Published on ASDNews: Oct 16, 2012