MIDDLEFIELD, CT, Oct 08, 2007 (MARKET WIRE via COMTEX News Network) -- Zygo Corporation (NASDAQ: ZIGO), a leading worldwide optical
metrology supplier, today announced that its Optical Systems Division
has been awarded an initial $4.4 million manufacturing contract to
produce long-range night vision surveillance systems serving a
variety of critical Homeland Security, Department of Defense and
Department of Energy applications.
John Stack, President of the Optical Systems Division, commented,
"Designed as a low cost-of-ownership alternative to existing systems
with superior day/night long range performance and flexible system
integration capabilities, this product has already been proven in the
field and is well positioned for growth in both foreign and domestic
markets. Given the ongoing difficulty of protecting the world's
shipping ports, nuclear reactors, air transportation systems, and
borders, this opportunity fits well with the division's strategy to
provide cost-effective manufacturing and design services to the high
precision medical, defense, and commercial markets."
The systems are to be built in the Company's state-of-the-art Tucson
manufacturing operation that specializes in high precision
opto-mechanical and electro-optical assemblies. The production will
utilize highly specialized testing systems developed in ZYGO's Costa
Mesa development center. Costa Mesa provides design, manufacturing
technology, and prototyping services.
Zygo Corporation is a worldwide supplier of optical metrology
instruments, precision optics, and electro-optical design and
manufacturing services, serving customers in the semiconductor
capital equipment and industrial markets.
All statements other than statements of historical fact included in
this news release regarding our financial position, business strategy,
plans, anticipated sales and growth rates, market opportunities, and
objectives of management of the Company for future operations are
forward-looking statements. Forward-looking statements are intended
to provide management's current expectations or plans for the future
operating and financial performance of the Company based upon
information currently available and assumptions currently believed to
be valid. Forward-looking statements can be identified by the use of
words such as "anticipate," "believe," "estimate," "expect,"
"intend," "plans," "strategy," "project," and other words of similar
meaning in connection with a discussion of future operating or
financial performance. Actual results could differ materially from
those contemplated by the forward-looking statements as a result of
certain factors. Among the important factors that could cause actual
events to differ materially from those in the forward-looking
statements are fluctuations in capital spending of our customers,
fluctuations in net sales to our major customer, manufacturing and
supplier risks, dependence on timing and market acceptance of new
product development, rapid technological and market change, risks in
international operations, dependence on proprietary technology and key
personnel, length of the sales cycle, environmental regulations, and
fluctuations in our stock price. Zygo Corporation undertakes no
obligation to publicly update or revise forward-looking statements to
reflect events or circumstances after the date of this news release.
Further information on potential factors that could affect Zygo
Corporation's business is described in our reports on file with the
Securities and Exchange Commission, including our Form 10-K for the
fiscal year ended June 30, 2007.
Vice President Finance, Chief Financial Officer, and Treasurer
SOURCE: Zygo Corporation