MIDDLEFIELD, CONNECTICUT (April 2, 1998)......Zygo Corporation (NASDAQ:ZIGO) announced today that it has realigned its corporate structure to take full advantage of the synergies provided by the various acquisitions it has completed over the past two years.
The Company has realigned and reorganized its sales, applications, and service support organization into a single worldwide organization under the direction of Robert A. Smythe, corporate vice president sales and marketing. The new structure is aligned by market segment with semiconductor, data storage, industrial, and OEM sales, each headed by a seasoned sales manager.
Gary K. Willis, president and CEO of Zygo, stated, "We have realigned our sales and service structure to better fit our customers' requirements. As we move to more of an on-the-production-line yield improvement solutions provider, our customers require more dedicated focus and attention which we can deliver more effectively with our consolidated sales organization."
Reflecting the significant integration which has occurred since the acquisitions were completed, Zygo has realigned its business units which previously carried the name of each acquired company and named general managers for each. The new business units are:
Zygo Advanced Imaging Systems (formerly Technical Instrument Company)
Zygo Vision Systems (formerly Sight Systems)
Zygo Automation Systems (formerly NexStar Automation)
Zygo Advanced Metrology Systems (formerly Zygo Middlefield)
In announcing the new organization structure, Mr. Willis stated, "The new business unit structure is another significant step in the complete integration of our operations. Each of the general managers named to head these units assumes a greater responsibility as a representative of the Corporation rather than of just his business unit." The Company named Mr. Francis E. Lundy, a corporate vice president, as general manager of Advanced Imaging Systems; Mr. David Grant, as general manager of Vision Systems; Mr. Ahmad Akrami, a corporate vice president, as general manager, Automation Systems; and Mr. Mark J. Bonney, a corporate vice president, as general manager, Advanced Metrology Systems, in addition to his role as chief financial officer of the Corporation.
Zygo Corporation designs, develops, manufactures, and markets high performance measurement and yield improvement instruments, systems, and accessories used in high technology industries. The Company is headquartered in Middlefield, Connecticut, and also has operations in Asslar, Germany; Longmont, Colorado; and in Newbury Park, Sunnyvale, and Simi Valley, California.
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors which could cause actual results to differ materially are described in the Company's reports on Form 10-K and 10-Q on file with the Securities and Exchange Commission.