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|UNITED STATES DISTRICT COURT RENDERS JUDGMENT IN FAVOR OF PLAINTIFF ZYGO|
Zygo Corporation (NASDAQ:ZIGO), Middlefield, Connecticut - (January 28, 2000) today announced that the United States District Court (District of Arizona) Senior Judge Justin L. Quackenbush presiding has rendered a judgment in favor of the Plaintiff, Zygo Corporation, and against the Defendant, Wyko Corporation (a unit of Veeco Instruments Inc.).
ZYGO has been awarded $1,013,673 by the Court on remand from the Court of Appeals for the Federal Circuit (CAFC) located in Washington, D.C., for a recalculation of damages for patent infringement by the defendant. The Court's rulings may be appealed by Wyko to the CAFC. Bruce Robinson, ZYGO's president and CEO, said, "We are pleased with the Court's decision. This decision, together with the previous rulings rendered by the Court in this case, upholds our basic claim that ZYGO's patent was infringed by Wyko and that significant damages are due us." He further stated that, "We are pleased that we have been vindicated in our decision to protect an important core technology through a long and arduous process. ZYGO considers its intellectual property to be a very valuable asset."
Zygo Corporation designs, develops, manufactures, and markets high performance measurement and yield improvement instruments, custom automation 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 sales offices throughout the world. ZYGO is traded on the Nasdaq National Market under the symbol ZIGO. Additional information on the Company 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 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.
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