COMPANY PRESS RELEASE
SOURCE: ACS-Tech80 Ltd.

NEW MANAGEMENT APPOINTMENT

MIGDAL HA'EMEK, Israel, October 24, 2002 /PRNewswire/ -- ACS-Tech80 Ltd.,
(Nasdaq: ACSEF - news)

Netzer Precision Motion Sensors' Board of directors appointed Mr. Ze'ev
Kirshenboim as CEO of Netzer Precision Sensors Ltd. Mr. Kirshenboim will assume
the added responsibility of managing Netzer, in addition to his role as CEO of
ACS-Tech80 Ltd. At ACS-Tech80, Mr. Dror Marom has been appointed as the Chief
Operating Officer (COO), responsible for the day-to-day operations of the
company.

NETZER PRECISION Motion Sensors Ltd is an Israeli company in which ACS-Tech80
has invested a aggregate amount of approximately $1.5 million. Netzer Precision
has recently completed raising $2 million dollars, following which ACS-Tech80
holds approximately 12.76% of Netzer's outstanding share capital, on a fully
diluted basis.

NETZER PRECISION develops and produces unique motion sensors that are based on a
proprietary technology.

ACS-Tech80 develops and market advanced motion control products for the
electronics, semiconductors and medical industries.

This press release contains forward-looking statements. Such statements involve
various risks that may cause actual results to differ materially. These risks
and uncertainties include, but are not limited to: market demand for the
Company's product, successful implementation of the Company's product,
competitive factors, the ability to manage the Company's growth and the ability
to recruit additional personnel.

Contact person: Zeev Kirshenboim; Fax: +972-4-6546443