| MIDDLEFIELD, CT, Feb 28, 2008 (MARKET WIRE via COMTEX News Network) -- Zygo Corporation (NASDAQ: ZIGO) today announced that it has acquired
the assets of Solvision, Inc., a Canadian-based company, including
the shares of its Singapore subsidiary. With this acquisition, ZYGO
enters the market for in-line inspection of Flip Chip Substrates and
Packaged Integrated Circuits. Included in the acquisition is the
patented Fast Moire Interferometer ("FMI") technology for rapid 3D
inspection. Continued development of the FMI head and Flip Chip
Substrate equipment will occur in Montreal. The Integrated Circuits
Packaging inspection product line will continue to be developed and
manufactured in Singapore. The deal is expected to be accretive in
fiscal 2009.
"ZYGO embarked on a strategy to continue its growth by moving to
in-line process control applications. This is a continuation of that
strategy which expands our semiconductor presence beyond the wafer,"
said Jim Northup, President of ZYGO's Metrology Solutions Division.
He added, "ZYGO's strength in high precision metrology, coupled with
the high speed vision capabilities we have just acquired, positions
us very well to serve the full semiconductor market. We are pleased
to enter the packaging market with advanced patented technology and
the key talent provided by this acquisition."
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, orders, market acceptance, 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, investment portfolio returns, 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.
For Further Information Call:
Walter A. Shephard
Vice President Finance, CFO, and Treasurer
Voice: 860-704-3955
Email Contact
SOURCE: Zygo Corporation
http://www2.marketwire.com/mw/emailprcntct?id=1AC7C91C98A48947
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