API Technologies Enters Into Agreement with United States Department of Defense

  • Sep 20, 2010

API Technologies Corp., a provider of highly engineered products and services to the global defense sector, and the United States Department of Defense, have established a corporate structure through a proxy agreement that enables API, through its direct subsidiary, API Defense USA,  to compete for classified programs and contracts from the DoD. This agreement opens doors for API Defense USA to participate in the fastest growing segment of DoD contracting.

According to Defense Department budget-watcher Bill Sweetman of Aviation Week, the R&D, procurement and operations budgets for 2010 is just over $50 billion for classified programs.

Under the proxy agreement, all of API Technologies' current operating subsidiaries will become direct subsidiaries of the API's Secret cleared subsidiary, API Defense USA, which will be governed by a Proxy Board with the required security clearances.  Vice Admiral Robert T. Conway, Jr. (U.S. Navy, retired), Rear Admiral Kenneth L. Fisher (U.S. Navy, retired) and General Richard D. Hearney (U.S. Marine Corps, retired) will become directors of API Defense USA.  Under the new structure, Mr. Stephen Pudles, has become the CEO of API Defense USA, responsible for all of the Company's global operations, and Mr. Phillip DeZwirek, currently Chairman of API Technologies, has become its CEO.

"This structural change immediately adds significant strategic impact to our business and is the culmination of several months of joint effort between API and the Department of Defense," said Stephen Pudles, CEO of API Defense USA. "We have unlocked the classified-projects procurement market by bringing in three experienced retired military personnel, with the necessary security clearances, to fill these critical board positions. API Defense USA can now compete for new and growing contracts that were previously off-limits."

Mr. Pudles continued, "Admirals Conway and Fisher as well as General Hearney, signal that API Technologies and API Defense USA are even better positioned to compete at the highest level of defense contracting where security is of paramount concern. I am confident that our Proxy Board members will enable API Defense USA to increase its business and thus benefit API's shareholders as we continue to increase revenues, profits and overall value."

"We are all very confident that we have now organized and positioned API Technologies and all of our subsidiaries to better compete for these important new sources of revenue for our company," said Mr. DeZwirek, API Technologies Chairman and CEO.

Vice Admiral Robert T. Conway, Jr., USN, is a career Surface Warfare Officer whose last assignment was as the Commander, Navy Installations Command, Washington, D.C., where he served as the Navy technical authority for Shore Installation Management.   He has extensive major staff experience within the DoD and is familiar with government contracting requirements and regulations.   He received his master's degree from Providence University, Providence, R.I. and is a graduate of the Industrial College of the Armed Forces at the National Defense University, Washington, D.C.  In 2009, he founded R.T. Conway & Associates, a consulting business to assist corporate executives on matters involving Infrastructure, Facilities, Security, Technology and Renewable Energy.

Rear Admiral Kenneth L. Fisher, USN, is an experienced naval aviator with extensive operational and major staff experience.  His last assignment prior to retirement was as Deputy and Chief of Staff, Commander in Chief, U.S. Pacific Fleet.   He too is very familiar with government contracts having spent five years as a senior leader for Booz Allen Hamilton and two years in business development for a major DoD Contractor in addition to consulting for other major defense contractors.

General Richard D. Hearney, USMC, culminated his military career as the Assistant Commandant of the Marine Corps.  As such, he was involved with major acquisitions for the Marine Corps at the highest level of the DoD.  After retirement, he founded RDM Strategies to help innovative companies apply their technologies to protecting our homeland.  Prior to that, he served as president and chief executive officer of Business Executives for National Security (BENS), a national, nonpartisan organization of business leaders.  Additionally, General Hearney was vice president of Military Aircraft and Missile Systems Group for the Boeing Co. and was the regional vice president of business development for Western Europe for the McDonnell Douglas Corp.

Featured

  • The Evolution of IP Camera Intelligence

    As the 30th anniversary of the IP camera approaches in 2026, it is worth reflecting on how far we have come. The first network camera, launched in 1996, delivered one frame every 17 seconds—not impressive by today’s standards, but groundbreaking at the time. It did something that no analog system could: transmit video over a standard IP network. Read Now

  • From Surveillance to Intelligence

    Years ago, it would have been significantly more expensive to run an analytic like that — requiring a custom-built solution with burdensome infrastructure demands — but modern edge devices have made it accessible to everyone. It also saves time, which is a critical factor if a missing child is involved. Video compression technology has played a critical role as well. Over the years, significant advancements have been made in video coding standards — including H.263, MPEG formats, and H.264—alongside compression optimization technologies developed by IP video manufacturers to improve efficiency without sacrificing quality. The open-source AV1 codec developed by the Alliance for Open Media—a consortium including Google, Netflix, Microsoft, Amazon and others — is already the preferred decoder for cloud-based applications, and is quickly becoming the standard for video compression of all types. Read Now

  • Cost: Reactive vs. Proactive Security

    Security breaches often happen despite the availability of tools to prevent them. To combat this problem, the industry is shifting from reactive correction to proactive protection. This article will examine why so many security leaders have realized they must “lead before the breach” – not after. Read Now

  • Achieving Clear Audio

    In today’s ever-changing world of security and risk management, effective communication via an intercom and door entry communication system is a critical communication tool to keep a facility’s staff, visitors and vendors safe. Read Now

  • Beyond Apps: Access Control for Today’s Residents

    The modern resident lives in an app-saturated world. From banking to grocery delivery, fitness tracking to ridesharing, nearly every service demands another download. But when it comes to accessing the place you live, most people do not want to clutter their phone with yet another app, especially if its only purpose is to open a door. Read Now

Most   Popular

New Products

  • AC Nio

    AC Nio

    Aiphone, a leading international manufacturer of intercom, access control, and emergency communication products, has introduced the AC Nio, its access control management software, an important addition to its new line of access control solutions.

  • HD2055 Modular Barricade

    Delta Scientific’s electric HD2055 modular shallow foundation barricade is tested to ASTM M50/P1 with negative penetration from the vehicle upon impact. With a shallow foundation of only 24 inches, the HD2055 can be installed without worrying about buried power lines and other below grade obstructions. The modular make-up of the barrier also allows you to cover wider roadways by adding additional modules to the system. The HD2055 boasts an Emergency Fast Operation of 1.5 seconds giving the guard ample time to deploy under a high threat situation.

  • Automatic Systems V07

    Automatic Systems V07

    Automatic Systems, an industry-leading manufacturer of pedestrian and vehicle secure entrance control access systems, is pleased to announce the release of its groundbreaking V07 software. The V07 software update is designed specifically to address cybersecurity concerns and will ensure the integrity and confidentiality of Automatic Systems applications. With the new V07 software, updates will be delivered by means of an encrypted file.