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Qualtech Systems, Inc. Named One of Connecticut’s Fastest Growing Technology Companies in 2001 by the Deloitte & Touche and Connecticut Technology Council Fast 50 Program

Wethersfield, CT, October 24, 2001 –Qualtech Systems, Inc. has been named to the prestigious Deloitte & Touche and Connecticut Technology Council Fast 50 Program for Connecticut, a listing of the 50 fastest growing technology companies in Connecticut. Rankings are based on five-year percentage revenue growth (1996-2000). These companies, which impact a broad spectrum of industries, are defying conventional wisdom by consistently expanding their revenues over a substantial period of time.

Qualtech Systems’ COO, Kevin Cavanaugh, credits innovation, vision, and customer satisfaction with the company's 304 percent revenue growth over the past five years. He said, "Over the years, QSI has demonstrated tremendous expertise and innovation resulting in the most comprehensive, innovative system diagnostic and health management software anywhere in the world. We have always worked very hard to not only ensure that the customer is satisfied, but to help them be successful with their goals. We live by the idea that for us to be successful, our customers have to be successful."

"Through the Fast 50 program, Deloitte & Touche has been honoring the growth of Connecticut’s technology industry for five years," said David Carver, partner-in-charge, Deloitte & Touche Technology and Communications Group, Connecticut. "As competition remains tough, Qualtech Systems has proven the ability to sustain its business, and we are happy to support their efforts by recognizing their achievements and continued growth."

"The technology sector continues to transform the Connecticut economy, and will be a primary driver in rejuvenating the marketplace as we move forward," said Michael Theodore, President of the Connecticut Technology Council.

To qualify for the Fast 50, companies must have had operating revenues of at least 50,000 in 1996 and 1,000,000 in 2000, must be a public or private technology company headquartered in Connecticut. The Fast 50 defines a "technology company" as a business that produces technology, manufactures a technology product, or devotes a high percentage of effort to research and development of technology.

Qualtech Systems, Inc. is a leading provider of advanced Diagnostics/Testability, Reliability and Maintenance software, as well as engineering project and research services. QSI provides its software and research services to a wide range of customers Sikorsky, Honeywell, NASA, Bae Systems, Army Research Office, and the Naval Surface Warfare Center.

Fast 50 Co-Sponsors

The Connecticut Fast 50 co-sponsors are Deutsche Banc Alex Brown, MARSH, the NASDAQ-Amex Market Group, Pullman & Comley LLC, and Royal & SunAlliance Insurance.

About Deloitte & Touche Deloitte & Touche LLP, one of the nation’s leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for its innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work for in America" by Fortune magazine for four consecutive years. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. For more information, please visit the Deloitte & Touche web site at www.us.deloitte.com.

About The Deloitte & Touche Technology & Communications Group

The Technology & Communications Group is composed of service professionals who have a wealth of experience serving technology and communications companies throughout the world in areas including Internet, software, semiconductors, cable, media and publishing, communication utilities, networking, wireless, computers and peripherals, and related industries. These specialists understand the challenges that technology and communications companies face throughout all stages of their business growth cycle and are committed to helping them succeed. Deloitte & Touche is a leader in providing strategic, financial, operational, and information technology assistance to its technology and communications clients.

About the Connecticut Technology Council

The Connecticut Technology Council is a business association of providers and users of technology, committed to stimulating and facilitating the growth and awareness of technology-based business in Connecticut. CTC is the voice of technology companies in Connecticut and the state’s leading advocate for issues affecting the technology sector.

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