MIDDLEFIELD, CT, Apr 27, 2006 (MARKET WIRE via COMTEX News Network) -- Zygo Corporation (NASDAQ: ZIGO) announced today that its Optical
Systems Group (Costa Mesa, CA and Tucson, AZ) has been awarded the
first production order ($2.3 million) for its next-generation
Advanced Helmet Mounted Display (AHMD). The AHMD is a
high-resolution, optical see-through display system that overlays
computer-generated battlefield scenery on the real-world environment.
Designed for flight simulator applications, the AHMD is compact, and
fits on top of the pilot's personal flight helmet. The AHMD also
tracks the pilot's head movement such that the overlaid information
is automatically aligned with the user's instantaneous view of the
world.
The patented optical design and the novel optoelectronic approach
developed for the AHMD enable users to move freely between simulator
stations, making it possible for training schools to rapidly
reconfigure multi-user battle simulation systems.
The AHMD is extremely flexible and can be deployed in a wide variety
of military and non-military simulations. The company estimates a
total market of up to $40.0 million over the next few years in
military flight simulation alone. Non-military applications of the
technology -- for example, in civilian aviation -- also are being
considered.
The AHMD was developed jointly by ZYGO and Optical Research
Associates (ORA), a leading optical design firm based in Pasadena,
California. "This is a fine example of what two industry leaders can
accomplish together. The AHMD is the result of excellent
optoelectronic engineering and design. We believe ZYGO and ORA are
well positioned to serve the domestic military and civilian markets
for high performance, optoelectronic imaging and projection devices,"
said Bruce Robinson, ZYGO's Chairman, President, and CEO.
The AHMD offers an instantaneous field-of-view to the user of 100
degrees (Horizontal) by 50 degrees (Vertical) with a 30 degree
binocular overlap region. Projected resolution seen by each eye is
1280 x 1024. The AHMD offers an eye relief exceeding 50 mm that
significantly reduces the claustrophobic feeling HMD users usually
develop. The AHMD's all-digital/high-speed fiber optic data bus
provides reliable operation in high-level radiated interference
fields.
Zygo Corporation, headquartered in Middlefield, Connecticut, 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. See ZYGO's website at www.zygo.com for additional
information.
Optical Research Associates, headquartered in Pasadena, California,
is a worldwide supplier of optical design services and is the world's
largest supplier of optical design software serving customers in
consumer and industrial markets. See ORA's website at
www.opticalres.com for additional information.
All statements other than statements of historical fact included in
this news release regarding our financial position, business strategy,
plans, anticipated growth rates, 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 and timing 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 stock price. 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, 2005.
For Further Information Call:
Walter A. Shephard
Vice President Finance, CFO, and Treasurer
Voice: 860-704-3955
Contact via http://www.marketwire.com/mw/emailprcntct?id=5A70B5B5B53F4A70
SOURCE: Zygo Corporation
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