|ZYGO Receives Orders for Large Optics Test Systems|
MIDDLEFIELD, CT, Sep 22, 2010 (MARKETWIRE via COMTEX) --
Zygo Corporation (NASDAQ: ZIGO), a worldwide supplier of optical metrology instruments and high precision optical systems, today announced that its Metrology business segment has received orders for $3.5 million for large aperture laser interferometer systems from leading Chinese optical research and manufacturing organizations. The large aperture interferometers include systems capable of measuring up to 32 inch (800 millimeter) diameter parts and another capable of 18 inch (450 millimeter) diameter components, along with an upgrade of an existing ZYGO 24 inch (600 millimeter) interferometer system. These instruments will be used for the development and manufacture of very large dimensioned optical components and systems, enabling precision surface shape and glass homogeneity measurements.
"These orders are especially gratifying because selection was based on exhaustive technical evaluations focused on achieving the highest level of performance possible. As a world leader of large aperture laser interferometer systems, ZYGO's decades of expertise combined with its unique in-house optical fabrication and metrology portfolio enabled us to package specific solutions required by our customers to help advance their research and manufacturing capabilities," commented Dan Musinski, Senior Product Manager.
"In association with ZYGO's joint venture in Shanghai, China, the ZYGO team, led by Dr. Lifeng Yin, General Manager of ZygoLamda Metrology Instrument Company Limited, was able to demonstrate ZYGO's commitment to the customers' needs by offering advanced technology, as well as local service and support," noted Donald Battistoni, Executive Director of Worldwide Sales. "This order reflects the value of our local presence and validates our strategic plan to grow our business in China as local quality requirements improve."
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, bio-medical, scientific and industrial markets.
Forward-Looking Statements All statements other than statements of historical fact included in this news release regarding financial performance, condition and operations, and the business strategy, plans, anticipated revenues, bookings, 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 revenues to our major customer; manufacturing and supplier risks; risks of order cancellations, push-outs and de-bookings; dependence on timing and market acceptance of new product development; rapid technological and market change; risks in international operations; risks related to the reorganization of our business; dependence on proprietary technology and key personnel; length of the revenues cycle; environmental regulations; investment portfolio returns; fluctuations in our stock price; the risk that anticipated growth opportunities may be smaller than anticipated or may not be realized; risks related to the acquisition of Zemetrics and integration of the business and employees; and the risk related to the Company's recent and announced changes to senior management. 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, 2010, filed with the Securities and Exchange Commission on September 13, 2010.
For Further Information Call: Donald Battistoni Executive Director, Worldwide Sales Voice: 860-704-5177 Email Contact
SOURCE: Zygo Corporation