Axsys Technologies to Present at Roth Capital Partners Growth Stock Co

    Business Editors/High-Tech Writers
    Roth Capital Partners 17th Annual Growth Stock Conference


    ROCKY HILL, Conn.--(BUSINESS WIRE)--Feb. 15, 2005--Axsys Technologies, Inc. (NASDAQ: AXYS) today announced that David A. Almeida, CFO and Scott Conner, Vice President - Strategic Planning and Corporate Development, will present at the Roth Capital Partners 17th Annual Growth Stock Conference in Dana Point, California on Tuesday, February 22, 2005 at approximately 1:30 pm PT.
    Investment professionals attending the Conference that are interested in scheduling a one-on-one meeting with Axsys management should contact Loren Mortman at The Equity Group at (212) 836-9604.
    Axsys' audio/visual presentation will be webcast live via the Investors section of the Company's web site at www.axsys.com under News/Events. To listen to the live webcast, go to the web site at least 10 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the presentation will be archived on the Company's web site.

    About the Conference

    This conference will feature more than 220 leading growth companies in sectors such as Technology, Healthcare, Financial Services and Consumer Products. A concentrated, two-day program will allow institutional investors to meet the executives from a select group of companies that have been hand picked by the Roth Capital Partners research team. 40% of this year's participating companies are presenting for the first time. The average market cap of this year's presenters is around $330 million, with the median around $185 million. This closely mirrors the average and median market caps for the proposed Russell Microcap(TM) Index, which are expected to be around $277 million and $176 million, respectively.

    About Axsys

    Axsys Technologies, Inc. is a vertically integrated supplier of precision optical solutions for high technology applications, serving the aerospace, defense and high performance commercial markets. For more information, visit www.axsys.com.

    The audio/visual presentation referenced in this press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. One can identify these forward-looking statements by the use of the words such as "expect", "anticipate", "plan", "may", "will", "estimate" or other similar expressions. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors, which could cause actual results to differ materially, are described in Axsys' reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission, including without limitation: the introduction of competing products or technologies by other companies and/or pricing pressures from competitors and/or customers, a reversal or slowdown of the modest economic recovery presently being experienced in the United States, Axsys' inability to achieve synergies in connection with any acquisition, the incurrence of unexpected costs in connection with the acquisition and other contingencies and risks relating to the integration of Telic's operations and business.

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CONTACT: Axsys Technologies, Inc. David A. Almeida, CFO, 860-257-0200 www.axsys.com or Investor Relations Counsel: The Equity Group Inc. Loren G. Mortman, 212-836-9604 LMortman@equityny.com or Lauren Barbera, 212-836-9610 LBarbera@equityny.com www.theequitygroup.com

KEYWORD: CONNECTICUT CALIFORNIA TRACK INDUSTRY KEYWORD: BANKING AEROSPACE/DEFENSE GOVERNMENT TRADESHOW CONFERENCE CALLS SOURCE: Axsys Technologies, Inc.

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