ESI Wins Company of the Year Award at 23rd Annual Oregon Technology Awards


PORTLAND, Ore.-- Electro Scientific Industries, Inc. (Nasdaq: ESIO), a leading provider of world-class production laser systems for microengineering applications, today announced that it won the award for mid/small cap company of the year at the 2006 Oregon Technology Awards on November 16. In order to be the recipient of this award, a company needed to meet certain criteria that included measurable employee satisfaction, significant technology development, and strong performance.

Now in its 23rd year, the event acknowledged outstanding leadership and top companies in the Oregon technology sector. The award ceremony's very first honoree was Douglas C. Strain of Electro Scientific Industries, who was presented with the executive of the year award in 1984. Since its inception in 1984, the Oregon Technology Awards have generated funds in support of local educational programs. For more information please visit: www.oregontechawards.com

Nick Konidaris, president and CEO of ESI, accepted the award on behalf of ESI. "This award has a special meaning for ESI because, although ESI is a global technology leader, our roots are firmly planted in Portland," stated Konidaris. "We are committed to programs such as this one that benefit our local community, and encourage our youth not only to stay in school, but to get excited about learning. I believe it is incumbent upon ESI, and our fellow corporate citizens, to ensure that these kinds of programs continue to thrive."

About ESI, Inc.

ESI is a pioneer and leading supplier of world-class production laser systems that help its microelectronics customers achieve compelling yield and productivity gains. The company's industry-leading, application-specific products enhance electronic-device performance in three key sectors-semiconductors, components and electronic interconnect-by enabling precision fine-tuning of device microfeatures in high-volume manufacturing environments. Founded in 1944, ESI is headquartered in Portland, Ore. More information is available at www.esi.com

Contacts

Craig Stoehr,
ESI Inc.,
503-671-7061

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