|ZYGO Receives Over $3M Continuation Order for Laser Fusion Amplifiers|
MIDDLEFIELD, CT, Jun 30, 2011 (MARKETWIRE via COMTEX) --
Zygo Corporation (NASDAQ: ZIGO), a worldwide supplier of optical metrology instruments and high precision optical systems, today announced that its Optics business segment was recently awarded a continuation order valued at more than $3 million for meter class Laser Fusion Amplifiers from Commissariat a l'energie atomique (CEA). The order is part of an ongoing contract in support of the Laser Megajoule (LMJ) Program for the French Government.
"ZYGO has delivered to multiple laser fusion programs more than 7,000 optical components comprising 4,200 square meters of polished material manufactured to a fraction of a micron in precision," stated John Stack, President of ZYGO's Optics business segment. "ZYGO's preeminent ability to control such tight manufacturing tolerances on a scale this large is unique within the precision optics community. The CEA order is part of an ongoing contract started in 2007 that is anticipated to run through 2014. LMJ is one of several laser fusion programs around the world that ZYGO continues to supply both product and development of new manufacturing technologies."
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.
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 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 customers; manufacturing and supplier risks; risks of booking 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 business acquisitions, including the acquisition of substantially all the assets of ASML US, Inc.'s Richmond, California facility, and integration of the business and employees; the risk related to the Company's recent changes to senior management; and the risks associated with the recovery from the recent earthquake, tsunami and nuclear disaster in Japan and its impact on our customers, suppliers, and operations. 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: John P. Jordan Vice President and Chief Financial Officer Voice: 860-347-8506 Email Contact
SOURCE: Zygo Corporation