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|ZYGO Receives LCD Display Equipment Orders of $6.6 Million|
|MIDDLEFIELD, CT, Apr 22, 2008 (MARKET WIRE via COMTEX News Network) -- Zygo Corporation (NASDAQ: ZIGO) today announced that it received
display orders totaling $6.6 million in its third quarter, bringing
the yearly total to $15.0 million. Third quarter orders included a
$4.0 million multiple system order for the Company's new SureShot™
TFT Metrology tools. The systems are to be installed in multiple
flat panel fabs producing G7.5 and G8 product during the first half
of fiscal 2009.
The SureShot™ tools will be used to improve yield and reduce manufacturing costs associated with the lithography process by providing panel producers with high speed inspection and metrology equipment that measures critical product dimensions, mask overlay errors, 3D surface topography, and film thickness. The technology employed will enable the adoption of the cost saving half-tone mask process, as well as the use of enhanced product features, such as patterned ITO (Indium Tin Oxide), which was previously difficult to resolve and measure with conventional 2D tools.
"ZYGO is very pleased with our SureShot™ product," said Brian Monti, Vice President and General Manager of ZYGO's Display Solutions. "In addition to providing our customers with needed inspection and metrology tools that permit them to adopt cost savings processes, SureShot™ expands ZYGO's product portfolio from the color filter fab into the TFT manufacturing process."
Zygo Corporation 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.
All statements other than statements of historical fact included in this news release regarding our financial position, business strategy, plans, anticipated sales, orders, market acceptance, growth rates, market opportunities, 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 timing and market acceptance 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, investment portfolio returns, and fluctuations in our stock price. Zygo Corporation undertakes no obligation to publicly update or revise forward-looking statements to reflect events or circumstances after the date of this news release. 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, 2007.
For Further Information Call: Walter A. Shephard Vice President Finance, CFO, and Treasurer Voice: 860-704-3955 Email Contact
SOURCE: Zygo Corporation
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