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APIO API Nanotronics Acquires All the Assets of NanoOpto Corp.

NEW YORK, NY, Jul 23, 2007 (MARKET WIRE via COMTEX) -- API Nanotronics Corp.
(APIO) ("API") (the "Company"), a leading supplier of electronic components to
the defense and communications sectors, is pleased to announce that it has
acquired all of the assets of NanoOpto Corp., a nanotechnology pioneer
specializing in processes for next-generation optical components.

The transaction includes all of NanoOpto's intellectual property related to the
design and high-volume nano-fabrication of nano-optic devices for optical
components as well as state-of-the-art equipment at its ISO 9001:2000 registered
nano-fabrication facility located in Somerset, New Jersey. The facility is fully
operational and capable of significant volume production of nanotechnology
derived optical and electronic components. In 2006, NanoOpto Corp.'s proprietary
technologies and processes were recognized by Lux Research, a leading
nanotechnology research firm, as the #1 Nanotechnology Company for partnership
value. The company is also one of the first nanotechnology companies to
successfully commercialize products in collaboration with world-leading
technology companies like Sumitomo Metal Mining and raised venture funding in
excess of $50 million from several respected technology investors.

Dr. Martin Moskovits, Chief Technology Officer of API, stated, "The NanoOpto
nanofabrication facilities will provide API with truly unique and powerful
materials processing and fabrication capabilities. These capabilities span the
full gamut of silicon wafer processing to the very latest electronic and optical
fabrication technologies based in nanoscience and MEMS. This will not only expand
API's abilities to better serve its current customers and develop new electronic
products but also open up possibilities for new business based on hybrid optics.
These assets and facilities will also be the centerpiece of API's Research and
Development program."

Phillip DeZwirek, Chairman and CEO of API, stated, "This acquisition gives us the
tools to accomplish the goals we have set for the company. We have the people, we
have the customers, and we now have the technology and facilities to deliver next
generation nanotechnology products. This puts us ahead of schedule in terms of
capabilities we hoped to offer our customers. There is tremendous opportunity for
API across its markets. These assets solidify the Company's position in
electronics and nanotechnology."

About API Nanotronics Corp.

API Nanotronics Corp. through its wholly owned subsidiaries API Electronics Inc.,
National Hybrid Inc., Filtran Group, TM Systems and Keytronics, is engaged in the
manufacture of electronic components and systems for the defense and
communications industries. 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 off-the-shelf
and custom designed products to clients in more than 34 countries. API owns
state-of-the-art manufacturing and technology centers in New York, Connecticut
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 APIO. For further information, please visit the company website
at http://www.apinanotronics.com

Safe Harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein
constitutes forward-looking statements. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors, 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. Such factors include 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 and other factors over which API Nanotronics Corp. and its subsidiaries
and affiliates have little or no control.

ON BEHALF OF THE BOARD

API Nanotronics Corp.
--------------------------------
Phillip DeZwirek, CEO



FOR FURTHER INFORMATION, PLEASE CONTACT:
Steve Bulwa
Director of Corporate Communications
TEL: 1-877-API-O-API (274-0274)
Email Contact




SOURCE: API Nanotronics Corp.
http://www2.marketwire.com/mw/emailprcntct?id=190F7422551A761E


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