Lasertel today announced that SELEX Sensors and Airborne Systems (US), Inc., (“SELEX S&AS”) has entered into a definitive agreement to acquire Lasertel, Inc. SELEX S&AS is a business development, marketing and U.S. product support arm of Finmeccanica’s defense electronics business unit. SELEX S&AS is headquartered in Arlington, VA, and has locations in Huntsville, AL; Stennis, MS; Fort Walton Beach, FL and Norcross, GA, among other locations. The acquisition is subject to regulatory approval and is expected to conclude early in 2010.

 “This acquisition will support our continued growth in the market for laser diode components and assemblies. It will enable us to better serve our current customer base by supporting the development of new technologies and products.” said Lasertel’s President, Mark McElhinney. “The transfer of ownership from Lasertel’s current parent, Presstek Inc is expected to be seamless for both customers and vendors and no change or interruption in normal business processes is anticipated.”

About Lasertel Inc.

Lasertel delivers reliable, high-quality systems, subsystems and components for defense, medical, digital imaging and industrial applications. With a vertically-integrated production facility, Lasertel is a leader in cost-effective, integrated product solutions.  An accomplished technical staff combined with experienced sales and service representatives drive the quality behind Lasertel’s custom products, while delivering total customer satisfaction.

For more information, please contact Robert Walker at 520-744-5738 or email to rwalker@lasertel.com.