News Article
API Nanotronics announces $2 million in new orders
API Nanotronics, Corp. announced that it's newest acquisition National Hybrid (NHI) has received over $2 million in new orders.
API Nanotronics, Corp. announced that it's newest acquisition National Hybrid (NHI) has received over $2 million in new orders. The new orders totalled $2,077,398 and are highlighted by an order for $931,250 from a large manufacturer of semiconductor processing equipment.
Phillip DeZwirek, Chairman and CEO of API, stated, "National Hybrid is a tremendous acquisition for API and we are very pleased to see the immediate contribution to orders. Going forward, we expect order momentum to continue to accelerate as synergies from the combined businesses are realized. Further, we will soon commence construction of a MEMS facility at NHI that will help facilitate our advances in nanotechnology."
