SOURCE: Key Technology, Inc.

July 07, 2008 13:00 ET

Key Technology Ranked Among America's 100 Fastest Growing Small Public Companies

WALLA WALLA, WA--(Marketwire - July 7, 2008) - Key Technology, Inc. (NASDAQ: KTEC) today announced that it has been listed among America's 100 Fastest Growing Small Public Companies in the July/August 2008 issue of Fortune Small Business magazine.

Key Technology, which reports on a September 30 fiscal year-end, has shown revenue growth of 33.9% from $80.3 million in fiscal 2005 to $107.5 million in fiscal 2007. Earnings per share increased 163.5% from $0.52 per fully diluted share in fiscal 2005 to $1.37 per fully diluted share in fiscal 2007.

Key was slotted number 96 overall in Fortune Small Business' annual ranking that evaluates the top 100 U.S. public companies with revenues of less than $200 million and a stock price of more than $1. Selection is based on three-year annualized rates of revenue growth, EPS growth, and total return to investors. The overall rank is based on the sum of the three ranks.

David Camp, President and CEO of Key Technology, stated, "We are very pleased to be recognized by Fortune Small Business. Key's strong performance during the previous three years is attributable to a company-wide focus on providing innovative market-driven solutions, a strategy that has been generating consistent growth for our business."

Additional information about the FSB 100 list can be accessed through their website at http://money.cnn.com/magazines/fsb/fsb100/2008/full_list or see the print edition of Fortune Small Business dated July/August 2008.

About Key Technology

Key Technology, Inc., headquartered in Walla Walla, Washington, is a worldwide leader in the design and manufacture of process automation systems for the food processing and industrial markets. The Company's products integrate electro-optical inspection and sorting, specialized conveying and product preparation equipment, which allow processors to improve quality, increase yield and reduce cost. Key has manufacturing facilities in Washington, Oregon, and the Netherlands, and worldwide sales and service coverage.

This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address future financial and operating results.

The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements:

--  adverse economic conditions, particularly in the food processing
    industry, either globally or regionally, may adversely affect the Company's
    revenues;
--  competition and advances in technology may adversely affect sales and
    prices;
--  failure of the Company's new products to compete successfully in
    either existing or new markets;
--  the limited availability and possible cost fluctuations of materials
    used in the Company's products could adversely affect the Company's gross
    profits;
--  the inability of the Company to protect its intellectual property,
    especially as the Company expands geographically, may adversely affect the
    Company's competitive advantage; and
--  intellectual property-related litigation expenses and other costs
    resulting from infringement claims asserted against the Company by third
    parties may adversely affect the Company's results of operations and its
    customer relations.
    

For a detailed discussion of these and other cautionary statements, please refer to the Company's filings with the Securities and Exchange Commission, particularly Item 1A, "Risk Factors," of the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2007.

Note: News releases and other information about Key Technology, Inc. can be accessed at www.key.net.

Contact Information

  • CONTACT:
    Jack Ehren
    Sr. Vice President and Chief Financial Officer
    Key Technology, Inc.
    (509) 529-2161