AXSYS TECHNOLOGIES SCHEDULES FOURTH QUARTER AND YEAR-END FINANCIAL RESULTS NEWS RELEASE AND CONFERENCE CALL

ROCKY HILL, CT - January 11, 2005 - Axsys Technologies, Inc. (NASDAQ: AXYS), a global leader in the design, manufacture and distribution of precision opto-mechanical subsystems and components for the aerospace, defense and high performance commercial markets, today announced that it will issue its financial results for the fourth quarter and fiscal year ended December 31, 2004 on Wednesday, February 9, 2005 at approximately 4:10 pm ET.

Management will conduct a conference call reviewing the financial results on Thursday, February 10, 2005 at 10:00 am ET. Interested parties may participate in the call by dialing 706-679-3148 - please call in 10 minutes before the call is scheduled to begin, and ask for the Axsys Technologies call.

The conference call will be webcast live via the Investors section of the Company's web site at www.axsys.com. To listen to the live call please go to the website at least 15 minutes early to register, download and install any necessary audio software. If you are unable to listen live, the conference call will be archived on the Company's web site.

Axsys Technologies, Inc. is a vertically integrated supplier of precision optical and motion control assemblies and components for high technology applications, serving the aerospace, defense, health imaging, semiconductor and graphic arts markets. For more information, visit www.axsys.com.