Apogee #17 in Deloitte's 2004 Ranking of 500 Fastest Growing Technology Companies in North America; Ranked #1 Among Semiconductor Companies.

NORWOOD, Mass. -- Apogee Technology, Inc. (AMEX: ATA), a leading provider of silicon based technology solutions, ranked #17 in Deloitte's Technology Fast 500 Program for North America, which lists the top 500 fastest growing technology companies. Apogee was the highest ranked company in the semiconductor sector by recording revenue growth over the last five years of 18,458%. In 2003, Apogee placed 52nd with a five-year growth rate of 8,197%.

"Achieving sustained revenue growth of 18,458% over five years is a tremendous accomplishment during a difficult period for the technology sector," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group. "Apogee's phenomenal growth puts it in select company."

David Meyers, Apogee's Chief Operating Officer commented, "Apogee's success is built upon the value and uniqueness of our DDX(R) all-digital amplifier products. This achievement is a result of our team's extraordinary talent and our commitment to provide the highest level of products and service to our customers."

About Apogee Technology, Inc.

Apogee Technology, Inc. is a fabless semiconductor company that designs, develops and markets silicon based products that incorporate proprietary technology. The Company's patented all-digital, high efficiency Direct Digital Amplification (DDX(R)) ICs have been used by over 20 major consumer electronic brands in a wide range of audio products. The Company is developing new System-on-Chip (SOC) products using its analog and digital circuit designs and Micro-Electromechanical Systems (MEMS) technology for the consumer, automotive, communications and medical markets. The Company operates a worldwide marketing and sales organization and has offices in the US, Hong Kong and Japan. For more information please visit our web site at: http://www.apogeeddx.com.

About Deloitte Technology Fast 500

The Fast 500 list is compiled from Deloitte's 19 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Technology Fast 500, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues and/or devotes a significant proportion of revenues to research and development of technology.

DDX(R) is a registered trademark of Apogee Technology, Inc. All other product names noted herein may be trademarks of their respective holders. This report contains forward-looking statements. Certain statements made herein that project future performance of the company or its products, use the words "estimate", "project", "intend", "plan", "expect", "believe" and similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties, which could cause the actual results, performance or achievements of the company to be materially different from those that may be expressed or implied. Please refer to the company's risk factors as set forth in the company's filings with the Securities and Exchange Commission, including its reports on Forms 10-KSB and 10-QSB.