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|ZYGO ANNOUNCES APPOINTMENT OF NEW PRESIDENT|
MIDDLEFIELD, CONNECTICUT (January 15, 1999) …Zygo Corporation (NASDAQ:ZIGO) today announced that J. Bruce Robinson has accepted the appointment as President of the Company. Mr. Robinson, a Canadian citizen, will assume his duties as President upon receipt of the appropriate visa, which is expected to be received within the next several weeks.
Mr. Robinson succeeds Gary K. Willis who will continue as Chairman and Chief Executive Officer of ZYGO. Mr. Robinson will also join ZYGO's board of directors. Mr. Robinson most recently served as President of The Foxboro company, a $1.2 billion global leader in the process control markets. Commenting on Mr. Robinson's appointment, Mr. Willis said "Bruce is a seasoned senior executive with a proven track record of leadership and achievement of outstanding revenue growth and increased profitability. As we continue to migrate our precision measurement capability to the production floor and provide productivity enhancing solutions to our customers, his process control experience will be most valuable."
Reflecting on his decision to join ZYGO, Mr. Robinson said, "ZYGO's market reputation, human resource skills and leading edge technology provide a unique opportunity to greatly expand this business in both existing and new markets. I am very excited to join the ZYGO management team. Our objective is to continue the momentum the Company has established and bring to fruition the Company's mission to be the leading supplier of productivity enhancing solutions to high technology industries, and in so doing appropriately reward our shareowners, customers and employees."
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 and Sunnyvale, California. ZYGO is traded on the Nasdaq National Market under the symbol ZIGO. Additional information is available on the Internet at www.zygo.com.
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 judgement 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.