SOURCE: Photon Dynamics, Inc.

January 15, 2008 09:00 ET

Photon Dynamics Announces Order From Plastic Logic

SAN JOSE, CA--(Marketwire - January 15, 2008) - Photon Dynamics, Inc. (NASDAQ: PHTN), a global supplier utilizing advanced machine vision technology to provide market leading Liquid Crystal Display yield enhancement systems and high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications, today announced that it has received an order for its market leading ArrayChecker™ flat panel display test and ArraySaver™ repair system from Plastic Logic Limited for their new flexible electronic paper display manufacturing facility in Dresden, Germany. Plastic Logic is the leading developer in plastic electronics manufacturing for flexible active matrix displays. The Dresden facility is a production factory for manufacturing flexible, active-matrix displays.

Jeff Hawthorne, president and chief executive officer of Photon Dynamics, commented, "We are pleased to be part of the equipment lineup used for the production of this exciting new technology. This order validates the extendibility of our test technology to address new display technologies and applications. Photon Dynamics has been used by every generation LCD factory and this continues our tradition of being selected by the leaders in the display industry as they pioneer new products." Wendell Blonigan, chief operating officer of Photon Dynamics, added, "The flexibility of our VIOS sensor based ArrayChecker test equipment, real time auto focus ArraySaver repair technology and the breadth of experience in our applications group allowed us to rapidly address Plastic Logic's needs."

Plastic Logics new factory uses revolutionary process techniques to streamline the manufacturing process and allows the use of low cost, flexible substrates. Simon Jones, vice president of Product Development at Plastic Logic, said, "The flexible market is transitioning from research to production. Plastic Logic is going to lead in this transition and needs to have world class manufacturing efficiency. Yield management is essential to that, and Photon Dynamics is the standard for yield optimization."

Dr. John Mills, Plastic Logic's chief operating officer, concluded, "Take anywhere, read anywhere displays are wanted by people everywhere. The way to make that a reality is through new processing techniques with high quality manufacturing. Photon Dynamics will help us make that a reality."

About Photon Dynamics, Inc.

Photon Dynamics, Inc. is a global supplier utilizing advanced machine vision technology for market leading Liquid Crystal Display (LCD) flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications. For more information about Photon Dynamics (NASDAQ: PHTN), visit its website at www.photondynamics.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Certain statements in this press release are forward-looking statements. These forward-looking statements are based on current expectations on the date of this press release and involve a number of uncertainties and risks including but not limited to; that the technical advantages of flexible substrates will be commercially viable, that research technology can be commercially proven, that the purchase order will not be cancelled or delayed and that we can successfully meet the specifications and demands of the commercial application, and those risks and uncertainties described in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" under the caption "Factors Affecting Operating Results" in Photon Dynamics' Annual Report on Form 10-K for the year ended September 30, 2006 as filed with the Securities and Exchange Commission. As a result, actual results may differ substantially from expectations. Photon Dynamics undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

Contact Information

  • Contacts:

    Corporation:
    Photon Dynamics, Inc.
    So-Yeon Jeong
    Vice President, Investor Relations and Marketing Communications
    (408) 360-3084
    Email Contact