MIDDLEFIELD, CT, Aug 31, 2011 (MARKETWIRE via COMTEX) --
Zygo Corporation (NASDAQ: ZIGO), a worldwide supplier of optical
metrology instruments and high precision optical systems, today
announced the receipt of orders valued at more than $6 million for
high performance metrology systems from two leading Chinese optical
research and manufacturing organizations. The orders consist of large
aperture interferometers and associated reference optics that enable
precise measurements of spherical optics greater than 12" in
diameter.
"These orders are testimony to Zygo's unique ability to provide fully
integrated advanced metrology systems by combining the leading edge
interferometric capabilities of our Metrology Systems Division with
the large optics extreme precision fabrication and assembly
capability of our Precision Optics groups," noted Dan Musinski,
Marketing Director for Optical Test Systems.
Commenting on the orders, Don Battistoni, Executive Director of
Worldwide Sales stated, "Zygo's China joint venture, headed by Dr.
Lifeng Yin, continues to extend Zygo's reach into this rapidly
growing precision optics market. These customers confidently choose
Zygo for their quality control needs based on our long-standing
leadership in optical interferometric test systems, as well as our
local service and support infrastructure. These specialized systems
combine technologies from across our organization and expand our
industry standard interferometer product line to directly measure the
full area of large spherical optics with high precision."
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, bio-medical, scientific 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 revenues, bookings, market acceptance, growth
rates, market opportunities and objectives of management of the
Company for future operations are forward-looking statements.
Forward-looking statements 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," "plan(s)," "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 revenues to our major
customers; manufacturing and supplier risks; risks of booking
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; risks related to
the reorganization of our business; dependence on proprietary
technology and key personnel; length of the revenue cycle;
environmental regulations; investment portfolio returns; fluctuations
in our stock price; the risk that anticipated growth opportunities
may be smaller than expected or may not be realized; risks related to
business acquisitions, including the acquisition of substantially all
the assets of ASML US, Inc.'s Richmond, California facility, and
integration of the business and employees; the risk related to the
Company's recent changes to senior management; and the risks
associated with the recovery from the recent earthquake, tsunami and
nuclear disaster in Japan and its impact on our customers, suppliers,
and operations. 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 except as required
by law. 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, 2010, filed with the Securities and
Exchange Commission on September 13, 2010.
For Further Information Call:
John P. Jordan
Chief Financial Officer
Phone: 860-347-8506
Email Contact
SOURCE: Zygo Corporation
http://www2.marketwire.com/mw/emailprcntct?id=596AF3AA5BB324E6
