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April 19, 1995

Rama Rao
Excel Technology
45 Adams Avenue
Hauppauge, NY 11788

Dear Dr. Rao:

It is my pleasure to inform you that Inc. magazine has named Excel Technology to the 1995 Inc. 100. Excel Technology ranks #8 on this year's list of America's fastest-growing public companies.

Congratulations to you and your employees. Companies with success records like yours serve as examples to Inc.'s 640,000 readers. We wish you continued success and look forward to following your progress.

Cordially,

George Gendron
Editor-in-