API Nanotronics Announces Expanded Partnership With Sital Technology Ltd.
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NEW YORK, NY, May 11 (MARKET WIRE) --
API Nanotronics Corp. (OTCBB: APIA) ("API" or the "Company"), a leading
supplier of electronic components, systems and sub-systems, nano-optics
and nanotechnology products to the aerospace, defense and communications
sectors, today announced that its National Hybrid division(NHi) has
expanded its sales and product development relationship with Israel based
Sital Technology, the world leader in Mil-Std-1553 IP cores and products.
API's NHi subsidiary, located in Ronkonkoma, New York, is a leader in the
avionics industry in key MIL STD 1553 technologies and provides system
engineers with new opportunities through Sital's advanced Data Bus
products. Customers in the U.S. can now purchase Sital's products directly
from NHi including IP Cores, Bus Testers, and DDC terminal drop-in
replacements. These new products significantly broaden NHi's product
offerings, positioning the Company to provide customers complete solutions
for their 1553 Data Bus needs. The companies also intend to co-develop
next generation 1553 interface products, combining Sital's industry
leading IP core with NHi's industry leading terminals, transceivers and
transformers to develop the world's most compact and powerful 1553
interface solutions.
Stephen B. Pudles, Chief Executive Officer of API Nanotronics Inc., said,
"This partnership expands on our successful existing collaboration with
Sital that resulted in our ARIES(R) product line. We are proud to
represent Sital's industry leading products in key markets and look
forward to working together on future product offerings. This is a great
opportunity for both companies."
API's National Hybrid division will be exhibiting at the coming Avionics
show in San Diego on June 1 and 2.
About API Nanotronics Corp. (OTCBB: APIA)
API Nanotronics Corp., through its wholly owned subsidiaries API
Electronics Inc., National Hybrid Inc., Filtran Group, TM Systems,
Keytronics and API Nanofabrication 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 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 APIA. For further information, please visit the company
website at www.apinanotronics.com.
About Sital Technology
Headquartered in Kfar-Saba, Israel, Sital Technology is an industry expert
in MIL-STD-1553 design. The company develops intellectual property,
components and testers for Mil-Std-1553 and other avionics applications
and provides design and integration services. The principal staff are
veterans of Israeli Air Force with in-depth understanding of avionics
systems and its requirements. For more information about Sital visit
www.sitaltech.com.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein
constitutes forward-looking statements. All forward-looking statements are
subject to certain risks, uncertainties and assumptions 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. These risks and
uncertainties, which are more fully described in the Company's Annual and
Quarterly Reports filed with the Securities and Exchange Commission,
include but are not limited to, 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, our
ability to protect our intellectual property, our ability to integrate
and consolidate our operations, our ability to expand our operations in
both new and existing markets, the effect of growth on our infrastructure
and the effect of competition in the electronic components, nano-optics
and nanotechnology industries. Should one or more of these risks or
uncertainties materialize, or should the assumptions prove incorrect,
actual results may vary in material aspects from those currently
anticipated. All information in this release is as of the date hereof. We
undertake no duty to update any forward-looking statement to conform the
statement to actual results or changes in the Company's expectations.
For more information contact:
Sital:
Duli Yariv
Email Contact
NHI:
Harry Perry
Email Contact
Steve Bulwa
Director of Corporate Communications
API Nanotronics Corp.
1-877-API-O-API (274-0274)
Email Contact: Email Contact
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