Praegitzer Gains UL Approval of Compositech Ltd. CL200+ Laminates, an Enabling Technology for Designing High-speed Boards.

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--April 29, 1999--

Compositech Ltd. (NASDAQ: CTEK), which manufactures high-tech laminates for the printed circuit board fabrication industry, announced today that Praegitzer Industries Inc. (NASDAQ: PGTZ) has received approval from Underwriters Laboratories (UL) for the use of Compositech's CL200+ in the manufacture of printed circuit boards in Praegitzer's production process. UL approval is a prerequisite to Praegitzer offering its customers the option of leading-edge circuit boards fabricated with Compositech's proprietary CL200+ filament wound laminates.

Greg Lucas, Praegitzer's senior vice president-technology, stated, "Our customers are moving rapidly toward higher performance, higher speeds, higher layer counts and higher density printed circuit boards to meet the challenges of increasing memory retrieval speeds and leading-edge printed circuit board designs. Printed circuit board material technology will play an important role in meeting these challenges, and Compositech's CL200+ laminates are an enabling technology to help us meet our customers' demands."

Praegitzer plans to fully evaluate the performance of CL200+ laminates in the manufacture of Direct RDRAM memory technology products and other designs where dimensional stability, constant reinforcement structure, surface smoothness and lot to lot consistency offer enhanced manufacturability.

"We are pleased that Praegitzer has gained UL approval for CL200+ laminates and we look forward to supplying the materials and technical service to support Praegitzer's plans to exceed their customers' requirements," said Chris Johnson, president and CEO of Compositech. "By providing superior dimensional stability and lot-to-lot consistency compared with conventional copper clad laminates, CL200+ laminates meet the most demanding requirements of printed circuit board designers and fabricators."

Praegitzer Industries, Inc., founded in 1981, is a leader in providing electronics original equipment manufacturers and contract manufacturers with a full range of printed circuit board and interconnect solutions. Praegitzer has five fabrication facilities and 13 design centers serving customers in four key electronics industry segments; data and telecommunications; computer and peripherals; industrial and instrumentation; and business and consumer. For more information on Praegitzer Industries, Inc., visit www.pii.com.

Compositech Ltd. develops, produces and markets innovative and superior copper-clad and fiberglass epoxy laminates used to make printed circuit boards which are essential components of personal computers, workstations, data communication, Internet servers and telecommunications equipment. For more information on Compositech Ltd. visit www.compositechltd.com.

The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the Company's SEC reports and filings, including, but not limited to, its report on Form 10-KSB for the year ended December 31, 1998, may affect the results achieved by the Company.