Press Release

Bob Kirk Appointed Chief Executive Officer of VICOR

Contact: Bob Murphy
VICOR, Inc.
510-621-2047

RICHMOND, CA, August 3, 2005 - VICOR, Inc., a leading provider of technology products to the payments industry, today announced that its Board of Directors has unanimously elected Bob Kirk to serve as the company’s chief executive officer. Kirk has served since April 2002 as president and chief operating officer of VICOR. He joined VICOR in January 1999 as vice president of marketing. Kirk’s promotion to CEO is effective immediately.

“Bob’s promotion to CEO is in recognition of his continuous contributions to VICOR’s success and growth since he joined the firm, and an expression of the board’s confidence that he is the right man to lead the company to future success,” commented VICOR Chairman of the Board Bill Campbell. “Under his leadership, VICOR’s revenues and profitability have grown by more than 50 percent, we have reinforced our position with our customer base, we have launched an evolution of our systems and our products, and we have grown our team.”

“VICOR is one of the payment industry’s great companies, with an enviable reputation for product innovation, exceptional talent, and a strong leadership position in receivables management,” stated Kirk. “It’s an honor to help build on this success as VICOR’s CEO.”

Kirk has over 26 years of experience in financial services and cash management. Prior to joining VICOR, Kirk was president of Enterprise Consulting, where he provided operational and strategic marketing consulting to leading financial services firms. Previously, he held the position of vice president of marketing with BancTec Systems, Inc. He joined BancTec in 1989 as director of product marketing for the company’s retail and wholesale remittance products. Earlier, Kirk spent 10 years at Mellon Bank, where he held the position of vice president, operations, with responsibility for Mellon's nationwide lockbox operations. Kirk has both his Bachelors and Masters Degrees in Business from West Virginia University.

About VICOR, Inc.

VICOR is a leading provider of image-enabled receivables processing and management solutions. The company’s flagship product, RIDS (Receivables Information Delivery System), is the first payment processing and cash management platform to offer full color images and intra-day delivery of receivables information via the Internet and other publishing options. Currently installed in 24 sites, RIDS processed over 180 million transactions in 2004, representing more than $1.1 trillion. VICOR is headquartered in Richmond, CA, and is privately held. For more information, contact 510-621-2000 or visit www.vicor.com.