August Technology Named One of Minnesota's Fastest Growing Technology Companies for Third Consecutive Year.

Business Editors & Technology Writers

BLOOMINGTON, Minn.--(BUSINESS WIRE)--Sept. 22, 2000

August Technology (Nasdaq:AUGT), today announced it has been named the 22nd fastest growing technology company in Minnesota in the third annual Minnesota Technology Fast 50, sponsored by Deloitte and Touche. From 1995 to 1999, August Technology had a revenue increase of 570%. Rankings were announced at an awards dinner on September 21.

Deloitte & Touche along with Bremer, Corporate Report, Merrill Corporation, Minnesota Technology, Inc. and the Minnesota High Tech Association, sponsors the Minnesota Technology Fast 50 Awards honoring 50 technology companies headquartered in Minnesota with the highest revenue growth over the past five years.

August Technology has been honored for the past three years as one of the 50 fastest growing companies in Minnesota. "Maintaining our position as one of the fastest growing technology companies in Minnesota is a tribute to the creativity and hard work of our employees. Our very strong growth has allowed August Technology to continue growing market share while providing our customers with excellent service and the best automated defect inspection solutions available worldwide," commented Jeff O'Dell, President and CEO of August Technology.

"The Fast 50 winners for Minnesota have proven that they can compete successfully by consistently delivering technological wonders. We at Deloitte & Touche commend August Technology for having the vision and determination to become one of the 50 fastest-growing technology companies in Minnesota," said Ron Hafner, partner, Fast 50 Minnesota program chairperson.

August Technology Corporation, based in Bloomington, Minnesota, is a leading supplier of automated visual defect inspection equipment for the worldwide semiconductor industry. The inspection solutions designed, manufactured and marketed by August Technology, including the NSX Series for wafer, die and bump inspection, provide semiconductor device manufacturers with quality and process information. Additional information can be found by visiting August Technology's web site at www.augusttech.com.

Deloitte & Touche, one of the nation's leading professional service firms, provides accounting, auditing, tax and management consulting services through 23,000 people in offices in more than 100 U.S. cities. Deloitte & Touche is part of Deloitte Touche Tohmatsu, a global leader in professional service with more than 82,000 people in more than 130 countries.