Frederick's Top 50: API Technologies Corp

API Technologies Corp. (formerly Aeroflex/Weinschel, Inc) is a manufacturer of RF & microwave signal conditioning and electromagnetic spectrum management solutions, from components to complete subsystems and employs 80 people on Spectrum Drive in Frederick. The Weinschel brand, manufactured in Frederick, MD, specializes in the highest quality components and subsystems available in the market for wireless communication, and test and measurement applications. 

What do you foresee for your business and/or the economy in 2018?

Our business growth is minimally impacted by overall economic growth.  We are projecting growth in the 3-5% range, which is mostly based on expectations for growth in the commercial communications markets and growth in non-personnel based DOD spending.

What would surprise people about your business?

People would be surprised to hear that we have been in business for 65 years and our average tenure is over 18 years.

Why did you choose Frederick County as a business location?

When we moved to Frederick from Gaithersburg we were able to cut down on the average company commute time by over 20 minutes each way.  That really adds up to quite a bit of time and value.

What is keeping your business in Frederick County?

The main factors are those that brought us here.  We are into our second long term lease and hopefully will execute a third and it will be because the economics from a business factor are still favorable.  What is most important to us though, is that our employees will still find it favorable to both live and work in Frederick.

What awards or accolades do you want to brag about?

Just our tenure and our longevity.  Our people take care of the rest.

About Frederick’s Top 50

Frederick’s Top 50 for 2018 marks an inaugural list of businesses who have the largest potential to contribute to Frederick County’s vibrant economy. The metrics-driven list was created by OED with assistance from Hood College, using research from InfoUSA, tax records, CoStar and internal data collection. Data was analyzed using a weighted scoring system in the following areas: Number of Employees in Frederick County, Annual Property Taxes Paid, Square Footage Occupied in Frederick County, Location Sales Volume and Year Established.