Axsys Technologies, Inc. Announces $1 Million Follow-on Order for Flat Field Imaging Systems.Business Editors/Technology Writers ROCKY HILL Rocky Hill, town (1990 pop. 16,554), Hartford co., central Conn., a suburb of Hartford, on the Connecticut River; settled c.1650, inc. 1843. Chemical coatings and synthetic textiles are made there. Rocky Hill was an important river port from 1700 to 1820. , Conn.--(BUSINESS WIRE)--Oct. 5, 2001 Axsys Technologies, Inc. (Nasdaq: AXYS), 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 CTP (cytidine triphosphate): see cytosine. (1) (Computer-To-Plate) The production of printing plates directly from the computer without requiring film as an intermediate step. ") platesetting systems that serve the newspaper market. Axsys' flat field imaging subsystems integrate its high speed rotary polygon polygon, closed plane figure bounded by straight line segments as sides. A polygon is convex if any two points inside the polygon can be connected by a line segment that does not intersect any side. If a side is intersected, the polygon is called concave. 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 Manchester is a town in Hartford County, Connecticut, United States. As of the 2000 census, the town had a total population of 54,743.[2] History Manchester was settled by colonists around 1672 as a farming community. . 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 Rochester Hills is a city in Oakland County of the U.S. state of Michigan. As of the 2000 census, the city had a total population of 68,825. The City of Rochester in bounded on the north, south, and west by Rochester Hills. Rochester College is located in Rochester Hills. , 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." Axsys Technologies, Inc. is a vertically integrated supplier of precision system solutions for high-technology markets, including fiber optics fiber optics, transmission of digitized messages or information by light pulses along hair-thin glass fibers. Each fiber is surrounded by a cladding having a high index of refractance so that the light is internally reflected and travels the length of the fiber , data storage and semiconductor, as well as providing aerospace guidance and electronic capital equipment. Axsys has created its precision systems capabilities by leveraging its success with unique component capabilities. For more information, contact Axsys Technologies, Inc. at www.Axsys.com. This news release contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . The Company's business is subject to various risks and uncertainties. As a result, actual future results and developments may be materially different from those expressed or implied in any forward-looking statement. Disclosure regarding factors affecting the Company's future results and developments is contained in the Company's public filings with the Securities and Exchange Commission, including the Company's annual report and Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2000. |
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