Digi-Key Corporation Announces Global Distribution Agreement with API Technologies Corp.

THIEF RIVER FALLS, Minnesota, USA - July 31, 2012

Global electronic components distributor Digi-Key Corporation, recognized by design engineers as having the industry's largest selection of electronic components available for immediate shipment, today announced the signing of a global distribution agreement with the RF Solutions Division of API Technologies Corp. API is a provider of electronic systems, subsystems, RF, and secure systems for defense, aerospace, and commercial applications.

"API is an industry leader in both the military and consumer markets. Their high-quality RF, microwave, microelectronics, and security solutions are a welcome addition to our current product offering and we look forward to the future of this partnership," said Dave Doherty, vice president, global supplier/product operations at Digi-Key.

The global distribution agreement includes products from API's Spectrum Control and Spectrum Sensors line of products, as well as antenna products from the API's Spectrum Microwave line. These products are now available for purchase now on Digi-Key's global websites.

"We believe that having our products available through Digi-Key will make it easier for design engineers to access our broad offering of solutions for critical and high reliability applications," said Mark Lyons, global distribution sales manager at API. "With Digi-Key's diversified and growing global customer base, we look forward to great success in our partnership."

As the leading integrated Internet-based distributor of electronic components, information about and inventory of millions of products is accessible to customers around the globe, with all products shipped from Digi-Key's single, North American location. The company's integrated business model provides product and support information online to help put engineers and procurement professionals in control as they solve tough product development challenges.

About API Technologies Corp.

API Technologies designs, develops and manufactures electronic systems, subsystems, RF and secure solutions for technically demanding defense, aerospace and commercial applications. API Technologies' customers include many leading Fortune 500 companies. API Technologies trades on the NASDAQ under the symbol ATNY. For further information, please visit the Company website at www.apitechnologies.com.

About Digi-Key Corporation

Digi-Key Corporation, based in Thief River Falls, Minn., is a global, full-service provider of both prototype/design and production quantities of electronic components, offering more than three million products from over 650 quality name-brand manufacturers. With over one million products in stock and an impressive selection of online resources, Digi-Key is committed to stocking the broadest range of electronic components in the industry and providing the best service possible to its customers. Additional information and access to Digi-Key's broad product offering is available on the Digi-Key website.