API Receives New $1.4 M Order for Power Systems
API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF/microwave, power, and security solutions for critical and high-reliability applications, announced today that it has received a new, $1.4 million order for TPS75 Tactical Power Supplies. The Company-designed power systems, which debuted at the Association of the United States Army (AUSA) Annual meeting and Exposition in October, will be used by the U.S. Department of Defense as a lightweight, mobile power supply to support a variety of C4ISR, UAV, and mission control applications.
“As demand for reliable, mobile power grows, API Technologies’ power systems offer outstanding functionality and a compelling value proposition to both defense and commercial customers alike. We are pleased to see such a strong and positive customer response to this new product line,” said Bel Lazar, President and Chief Executive Officer of API Technologies.
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