Riverdale, Maryland, September 29, 2006 - Gryphon Technologies, LC has been named to Deloitte’s prestigious Technology Fast 50 program for Maryland, a ranking of the 50 fastest growing technology, media, telecommunications and life sciences companies in the state by Deloitte & Touche USA LLP, one of the nation’s leading professional services organizations. Ranking are based on the percentage revenue growth over five years from 2001-2005.

Gryphon’s CEO P.J. Braden credits empowering employees with the company’s 303 percent revenue growth from 2001-2005. Braden said, “Empowering employees and encouraging them to share in the vision and goals of Gryphon have been the key to achieving over 300% organic growth ….and we are proud of that.”

Gryphon’s increase in revenue of 303 percent from 2001 to 2005 resulted in the 21st ranking in the Technology Fast 50 for Maryland.

The Maryland Technology Fast 50 program is presented by Deloitte and sponsored by Wilmer Cutler Pickering Hale and Dorr, NASDAQ and UK Trade & Investment, in association with media sponsors PR Newswire and Washington SmartCEO Magazine.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company’s operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies’ technology or intellectual property in a unique way does not qualify.

Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte’s Technology Fast 500 Program, which ranks North America’s top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte’s Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Gryphon Technologies
Gryphon, headquartered in Riverdale, Maryland, is a leading systems integration, engineering and information technology company providing support to our national defense. For over 9 years, the Company has designed, integrated, maintained, and upgraded state-of-the-art systems for the Department of Defense. Gryphon also provides many of its government clients with the systems analysis, integration, and program management skills necessary to manage the development and operations of their mission critical systems. Recently, Gryphon was ranked as one of the 500 America's Fastest Growing Private Companies by Inc. magazine.

To learn more about Gryphon Technologies, LC, visit the company's web site at www.GryphonLC.com.

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its members firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the members firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu” or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the U.S. member firm of Deloitte Touche Tohmatsu. In the U.S., services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

Media Contact:
C.J. Davis
Gryphon Technologies, L.C.
240-387-1000 Ext 220