Axsys Technologies, Inc. Announces Order for 30 Flat Field Imaging Systems.Business/Technology Editors 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)--Nov. 15, 2000 Axsys Technologies, Inc. (Nasdaq: AXYS), a leading supplier of micro-positioning and precision optical products, announced today that it has received its first follow-on order for 30 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. This order follows the Company's successful pilot production of this system, which was first announced in May of 2000. Axsys' flat field imaging subsystems integrate its high speed rotary Rotary can refer to:
Mark Bonney, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Axsys stated, "Late last year, we made the decision to relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. our flat field imaging business from our Rochester Hills, MI facility, where we are the leading supplier of airbearing scanners for the prepress industry, to Manchester, CT. This move was based on the need to expand our engineering capabilities in opto-electronic and opto-mechanical system design, critical to our success in flat field imaging systems. As a result of this decision, we have been able to solve the technical challenges inherent in these high performance systems, and subsequently deliver to our customer a production ready solution. This 30 piece order, demonstrates the skills and talents our Manchester team has been able to assemble." Axsys Technologies, Inc. is a vertically integrated supplier of precision system solutions for high technology applications, including aerospace guidance and electronic capital equipment, and serves the data storage, semiconductor, and fiber optic components markets. 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, 1999. |
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