| MIDDLEFIELD, CT, Oct 26, 2009 (MARKETWIRE via COMTEX) -- Zygo Corporation (NASDAQ: ZIGO), a worldwide supplier of optical
metrology instruments and high precision optical systems, today
announced that its Optical Systems Division has been awarded a
multi-million dollar manufacturing contract to produce Advanced
Helmet Mounted Displays (AHMD) for the L-3 Communications Link
Simulation and Training division in support of the US Air Force F-16
aircrew training program.
The F-16 aircrew training program represents the first time ZYGO's
AHMD will be deployed for jet fighter training programs, representing
a new application for the product. Commented John Stack, President of
ZYGO's Optical Systems Division, "ZYGO's AHMD provides industry
leading performance and ergonomics for today's most demanding flight
simulator applications. This was demonstrated by the Air Force
requirements for a system that could deliver high visual acuity and
field of view while providing a lightweight balance platform
necessary to train pilots over an extended period of time." The AHMD
is also currently being used by the US Army for advanced helicopter
training.
The AHMD was developed by ZYGO's Electro-Optics Group, which provides
state of the art optical systems to the defense, life sciences, and
industrial markets.
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.
Forward-Looking Statements
All statements other than statements of historical fact included in
this news release regarding financial performance, condition and
operations, and the business strategy, plans, anticipated sales,
orders, market acceptance, 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; risks of order cancellations, push-outs and
de-bookings; 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; fluctuations in our stock price; the
risk that anticipated growth opportunities may be smaller than
anticipated or may not be realized; and the risk related to the
Company's transition to new senior management. 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, 2009, filed with the
Securities and Exchange Commission on September 14, 2009.
For Further Information Call:
Walter A. Shephard
Vice President Finance, CFO, and Treasurer
Voice: 860-704-3955
Email Contact
SOURCE: Zygo Corporation
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