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Posted: July 16, 2009
API Nanotronics' NanoOpto Division Secures the Largest Order in Its History
(Nanowerk News) API Nanotronics Corp., a leading supplier of electronic systems and sub-systems, components, nano-optics and nanotechnology products to the aerospace, defense and communications sectors today announced an $800,000 order for its NanoOpto division. This order represents the largest order to date for NanoOpto, validating its business strategy in the nano space.
The contract is to develop the fabrication process for an enhanced sensor based on a proprietary strategy. The development phase will be completed in under 12 months, at which point the improved sensors will be ready for large-scale production. Following the sensor's development, API will continue to generate revenues from large-scale wafer-level product runs.
This large contract from a leading MEMS company showcases API's industry leading nanofabrication capabilities. Advanced sensors are used in a variety of industries including defense, medical, consumer electronics and automotive. API's leading nanofabrication platform offers technology companies the ability to create devices that work on both microstructures and nanostructures and to develop nanoscale precision for microscale features.
Stephen B. Pudles, Chief Executive Officer of API Nanotronics Corp., said, "This is an exciting time for our company. We are growing both organically and through acquisitions, and this order is evidence of the strength of our internal research and product development capabilities. We look forward to continuing to grow our NanoOpto division as we expand its product base and customer reach."
About API Nanotronics Corp.
API Nanotronics Corp., through its wholly owned subsidiaries API Cryptek Inc., EMCON Emanation Control Ltd., Ion Network Solutions, Secure Systems & Technologies Ltd., API Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems, Keytronics and API Nanofabrication Corporation, is engaged in the manufacture of electronic systems and components 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, L-3 Communications, Rockwell Collins, Raytheon, ITT 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, Virginia, Gloucester, UK and Ontario, Canada. API Nanotronics trades on the OTC Bulletin Board under the symbol APIA.