|ZYGO EXPANDS PENETRATION IN TELECOMMUNICATIONS|
MIDDLEFIELD, CONNECTICUT February 18, 2000…..Zygo Corporation (NASDAQ:ZIGO), today announced that it has a firm commitment for orders valued in excess of $1.3M to produce optical assemblies to be used in telecommunications applications. These orders represent the next phase in an ongoing OEM product application that is expected to experience multifold growth in demand. Peter Mumola, vice president, optics, remarked, "We are very pleased to have our expertise in precision optical assemblies find new acceptance in the rapidly expanding field of optical telecommunications." ZYGO expects to begin deliveries within three months on these orders.
Bruce Robinson, president and CEO, said, "I am extremely pleased and excited to see ZYGO precision optical component and assembly capability penetrate this large emerging market. We have only just begun to identify opportunities for our expertise in this area, and I expect to see our penetration rapidly expand."
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.