AXSYS TECHNOLOGIES SCHEDULES SECOND QUARTER FINANCIAL RESULTS NEWS RELEASE AND CONFERENCE CALL

ROCKY HILL, CT - July 1, 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 second quarter ended June 28, 2008 on Tuesday, July 22, 2008 after the market closes.

Management will conduct a conference call to review the financial results on Wednesday, July 23, 2008 at 10:00 a.m. ET. Shareholders, institutional investors and equity research analysts are invited to participate in the call by dialing 1-888-713-4209 and providing the operator with the conference ID# 38811772. Callers are advised to dial into the call at least ten minutes prior to the call to register. Participants may pre-register for the call at https://www.theconferencingservice.com/prereg/key.process?key=PE3CKLVPU. Pre-registrants will be issued a pin number to use when dialing into the live call. The pin will enable participants to bypass the operator for quicker access to 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.