APIO.OB $0.19 API Nanotronics Receives Order From Major U.S. Defense Contractor Tuesday December 11, 8:00 am ET
Total Potential Value of Contract Could Exceed $3.8 Million
NEW YORK, NY--(MARKET WIRE)--Dec 11, 2007 -- API Nanotronics Corp. (OTC BB:APIO.OB - News) ("API") (the "Company"), a leading supplier of electronic components and nanotechnology research and development to the defense and communications sectors, announced today that its TM Systems division received a contract extension from a long standing defense customer. The contract includes an option for a 10th Stabilized Glide Slope Indicator (SGSI) and Vertical Reference System (VRS) and options for delivery of up to 4 additional systems. The total potential value of the contract exceeds $3.8 million.
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