NASHUA, N.H. - Axsys Technologies Inc. (NASDAQ:AXYS), a leader in the design and manufacture of high-performance surveillance and imaging systems for defense and related commercial industries, today celebrated the opening of its new manufacturing facility at 44 Simon Street in Nashua, New Hampshire. The news was announced at a ribbon cutting ceremony attended by company officials and several federal and local dignitaries including New Hampshire Congressman Paul Hodes' Chief of Staff Matt Robison and Nashua Mayor Donnalee Lozeau. "We have experienced significant growth in our business over the past several years, which has driven the need to expand our operations," said Scott Conner, President and COO of Axsys Technologies. "We are thankful for this growth and success and are fortunate to be located in an area with a rich and talented pool of employees to help us meet our growing needs." The new 67,000 square foot facility nearly doubles Axsys Technologies' current manufacturing space providing the additional capacity the company needs to meet its expected future growth. Since the beginning of 2007, Axsys has added more than 100 employees to its Nashua-based operations bringing its total headcount to 330. The company is currently recruiting for 50 new positions. The Rocky Hill, Conn.-based company operates throughout the country, employing nearly 1,000 people nationally. "High tech has been instrumental in creating a powerfulentity for the city over the past 25 years," said Nashua Mayor Donnalee Lozeau. "The drive for innovation that Nashua's high tech sector exhibits helps to create vitality that is felt community-wide." "Axsys Technologies is providing excellent service, equipment and tools for success to our troops serving around the globe," Congressman Paul Hodes said. "They are bringing over 100 new quality jobs to Southern New Hampshire. I want to commend Axsys Technologies for their work to help our soldiers and employ many New Hampshire families." As part of the opening celebrations, the company's President, Scott Conner, donated an infrared camera to the Central New Hampshire Special Operations Unit (SOU). Representatives from the nine police departments comprising the SOU were on hand to watch Chief Robert Cormier, head of the SOU, accept the donation from Axsys. The infrared camera will be useful to the multi-community unit in search and rescue operations. About Axsys Axsys Technologies, Inc. is a global leader in the design and development of high-performance surveillance cameras, imaging systems and related motion control technologies, serving the aerospace, defense, and high-performance commercial markets. For more information, visit www.axsys.com. For more information contact: Axsys Technologies, Inc. Phone: (860) 257-0200 Email: inquire@axsys.com This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. One canentify 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 Form 10-Q on file with the Securities and Exchange Commission, including without limitation: changes in the U.S. federal government spending priorities; the Company's ability to compete in the industries in which it operates, including the introduction of competing products or technologies by other companies and/or pricing pressures from competitors and/or customers; the potential for the Compa ny's backlog to be reduced or cancelled; the Company's ability to implement its acquisition strategy and integrate its acquired companies successfully; the Company's ability to manage costs under the Company's fixed-price contracts effectively; and changes in general economic and business conditions. These statements reflect the Company's current beliefs and are based upon information currently available to the Company. Be advised that developments subsequent to this release are likely to cause these statements to become outdated with the passage of time, and we specifically disclaim any obligation to update these statements.