|ZYGO ANNOUNCES DEPARTURE OF VICE PRESIDENT, OPERATIONS|
MIDDLEFIELD, CONNECTICUT (August 27, 1999)......Zygo Corporation (NASDAQ:ZIGO) today announced that Mark J. Bonney, vice president, operations, has resigned to assume the position of president of Axsys Technologies, Inc. Mr. Bonney, who joined ZYGO in 1993 and has served as its chief financial officer and more recently as its vice president, operations, has agreed to continue to be available to ZYGO on a limited basis to assist in transition matters.
"Mark has been instrumental during his seven years with the Company in advancing ZYGO's efforts to be the leading supplier of productivity-enhancing solutions to high technology industries," said Gary K. Willis, ZYGO's chairman and chief executive officer. "We appreciate Mark's hard work and leadership and we wish him well in his new endeavor."
"My career at ZYGO has been very rewarding, and although I am looking forward to many new challenges, I will miss the many friends and colleagues I've gained over the past seven years," said Mr. Bonney.
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.