API Nanotronics Corp.
(OTCBB: APIA) ("API" or the "Company"), 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."