SOURCE: Zygo Corporation

October 08, 2007 10:36 ET

ZYGO Receives a $4.4 Million Order for Long-Range Night Vision Surveillance Systems

MIDDLEFIELD, CT--(Marketwire - October 8, 2007) - Zygo Corporation (NASDAQ: ZIGO), a leading worldwide optical metrology supplier, today announced that its Optical Systems Division has been awarded an initial $4.4 million manufacturing contract to produce long-range night vision surveillance systems serving a variety of critical Homeland Security, Department of Defense and Department of Energy applications.

John Stack, President of the Optical Systems Division, commented, "Designed as a low cost-of-ownership alternative to existing systems with superior day/night long range performance and flexible system integration capabilities, this product has already been proven in the field and is well positioned for growth in both foreign and domestic markets. Given the ongoing difficulty of protecting the world's shipping ports, nuclear reactors, air transportation systems, and borders, this opportunity fits well with the division's strategy to provide cost-effective manufacturing and design services to the high precision medical, defense, and commercial markets."

The systems are to be built in the Company's state-of-the-art Tucson manufacturing operation that specializes in high precision opto-mechanical and electro-optical assemblies. The production will utilize highly specialized testing systems developed in ZYGO's Costa Mesa development center. Costa Mesa provides design, manufacturing technology, and prototyping services.

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 and 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, 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.

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