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API Technologies Closes Merger With SenDEC Corporation

NEW YORK Jan. 24, 2011 Fairport, NY January 10, 2011

$30 million $90 million $3.5 million July 31, 2010

Brian Kahn Eric Goldberg Donald Wright Brian Kahn Mel Keating Ken Krieg Matthew Avril Ken Fiske

About API Technologies Corp.

Canada United Kingdom www.apitech.com

About Vintage Capital Management

www.vintcap.com

About SenDEC Corporation

Fairport, NY www.sendec.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 (including with respect to SenDEC), 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 secure communications and electronic components 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 further information, please contact:

Jonathan Pollack

API Technologies Corp.

877-API-0-API

[email protected]

SOURCE API Technologies Corp.

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