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Laser Technology Wins Governor’s Award for Excellence in Exporting

CENTENNIAL, Colo., May 20, 2004 – Laser Technology, Inc. (LTI), the leading manufacturer of pulse-laser measuring instruments and systems received the 2004 Colorado Governor’s award for excellence in exporting in the category of small-sized manufacturing company.

Arnie Clarke, Laser Technology’s International Sales Director accepted the award at the World Trade Day dinner on May 18, 2004, at the Adam’s Mark Hotel in downtown Denver, Colorado USA.

“We are extremely excited to be recognized by the State of Colorado for our international sales efforts,” expresses Arnie Clarke. “I would have to contribute our international success to LTI’s solid reputation and history for manufacturing quality products and the long-term relationships we have developed with our international dealer network.”

The Governor’s Award for Excellence in Exporting has been awarded annually since 1970 and recognizes Colorado companies that display a commitment to international trade. In 1989, Laser Technology, Inc. entered the international arena by recording several sales to governmental organizations in Canada. Currently, the Company has distribution through 120 dealers located in more than 50 countries worldwide. Since 1991, sales to the export markets have averaged 42% annually.

About Laser Technology, Inc.

Laser Technology, Inc. manufactures and markets laser-based speed and distance measuring instruments, which utilize proprietary technology developed by the Company. Its products are sold worldwide and are used in a wide variety of applications, including traffic speed enforcement, natural resource management, GIS mapping, surveying, sporting/recreational activities, and industrial process control. The Company’s headquarters and primary manufacturing facilities are located in Centennial, Colorado.