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Qualtech Systems, Inc. to be Named One of Connecticut's Fastest Growing Technology Companies in Deloitte Technology Fast 50 Program

Wethersfield, CT. October 22, 2003 - Qualtech Systems, Inc. (QSI) will be named to the prestigious Deloitte Connecticut Technology Fast 50 Program, a ranking of the 50 fastest growing technology companies in the state by Deloitte LLP, one of the nation's leading professional services firms, and the CT TECHNOLOGY Council. Scheduled to be announced October 22, 2003, Technology Fast 50 rankings are based on the percentage of growth in fiscal year revenues over five years, from 1998-2002.

QSI's COO Kevin Cavanaugh credits the company's commitment to high quality software products and complete customer satisfaction with the company's fast growth over the past five years. He said, "QSI continues to expand its customer base by providing industry leading diagnostics, prognostics, and health management software products and services. We believe that we have the best technical solution and the most experienced and capable team to make sure our customers succeed in their pursuit of improved system availability at significantly reduced support costs."

To qualify for the Connecticut Technology Fast 50, companies must have had operating revenues of at least 50,000 in 1998 and 1,000,000 in 2002, must be public or private companies headquartered in North America, and be a "technology company" defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.

Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte Fast 50 or Fast 500 programs, visit www.fast500.com.

About Qualtech Systems, Inc. Qualtech (QSI) is a recognized leader in software products and engineering services for advanced diagnostics and systems health management. QSI products enable OEMs & Maintenance organizations to reduce the cost of design, development, and life cycle support of complex systems. Our technology has demonstrated troubleshooting time reductions of over 75% while increasing system availability by more than 30%. Recognized by NASA and Aviation Week for technology innovation, QSI's software enables equipment manufacturers and support organizations to generate new "aftermarket" service revenues and distinguish themselves with state-of-the-art "telemaintenance" capability.

About Deloitte Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the US member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the US member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us.

About the CT TECHNOLOGY Council As the leading technology organization in the state, the CT TECHNOLOGY Council welcomes companies of all sizes and technologies into its membership. Leveraging the collective strength, influence and expertise of their members, the Tech Council's mission is to see that Connecticut successfully takes its place as one of the top technology regions in the country and that their exciting, high-growth, high-value companies get the recognition that is their due. The Tech Council provides a wide array of opportunities for peer networking, program and educational seminars in addition to strategic workforce and policy initiatives to support its member companies.

The Council also serves its members as the official organization representing Connecticut's Software Cluster. The Cluster's mission is to drive the expansion of Connecticut's software industry by promoting innovation, entrepreneurship, collaboration and awareness.

About The Sponsors Deloitte and the CT TECHOLOGY Council gratefully acknowledge the support of our 2003 program sponsors: Connecticut's largest bank -- Fleet - with over 175 locations; Torrington-based Litchfield Insurance Group, a specialty insurance broker focused exclusively on middle market companies; Marsh Connecticut, the world's leading risk and insurance services firm with offices in Hartford and Norwalk; the world's largest electronic stock market - NASDAQ; and Pullman & Comley, LLC, a seven-year sponsor of the Connecticut Fast 50 representing a diverse group of technology companies on a wide spectrum of legal issues.