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Axsys Technologies Gets $1 Million Follow-on Order for Imaging Systems

Press release from the issuing company

ROCKY HILL, Conn.--Oct. 5, 2001--Axsys Technologies, Inc., a global leader in the design, manufacture and distribution of precision components and systems for high-technology markets, today announced that it has received a $1 million follow-on order for flat field imaging subsystems which are integrated into high performance Computer-to-Plate ("CTP'') platesetting systems that serve the newspaper market. Axsys' flat field imaging subsystems integrate its high speed rotary polygon airbearing scanner technology, sophisticated metal optics and high speed electronics to produce high resolution and high speed writing systems used to digitally expose photo sensitive media for newspaper prepress equipment. Mark J. Bonney, President and COO of Axsys, stated: "As reported in July, we made a decision to close our Digital Imaging Systems operation in Manchester, Connecticut. The engineering and manufacturing efforts of the Manchester team were critical to our receiving this award. This order demonstrates the effective transition of this activity to our Rochester Hills, Michigan, facility and the confidence our customer has in Axsys.'' Dr. Hans-Jurgen Wessel, General Manager of Krause CTP, added: "Axsys has supported Krause from the start on the development of our Computer to Plate imaging system. Working in close collaboration with Krause, Axsys has been able to develop an industry leading marker engine, in terms of resolution, speed and imaging field, thus enabling Krause to have a significant competitive advantage in the high end of the Computer to Plate industry.''