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

ROCKY HILL, CT - JANUARY 29, 2008 - Axsys Technologies, Inc. (NASDAQ: AXYS), a global leader in the design and development of high-performance surveillance cameras, imaging systems and related motion control technologies, today announced that it will issue its financial results for the fourth quarter and fiscal year ended December 31, 2007 on Tuesday, February 19, 2008 after the market closes.

Management will conduct a conference call to review the financial results on Wednesday, February 20, 2008 at 10:00 a.m. ET. Shareholders, institutional investors and equity research analysts are invited to participate in the call by dialing 1-866-510-0676 and providing the operator with the conference ID# 38280767 to enter the call.

The conference call will be webcast live via the Investor Relations section of the Company's web site at www.axsys.com. A replay of the webcast will be available shortly after the conclusion of the call for a period of approximately 90 days.

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.