SOURCE: Zygo Corporation

Zygo Corporation

August 31, 2011 15:23 ET

Zygo Receives Major System Orders for High Performance Optical Metrology Systems

MIDDLEFIELD, CT--(Marketwire - Aug 31, 2011) - Zygo Corporation (NASDAQ: ZIGO), a worldwide supplier of optical metrology instruments and high precision optical systems, today announced the receipt of orders valued at more than $6 million for high performance metrology systems from two leading Chinese optical research and manufacturing organizations. The orders consist of large aperture interferometers and associated reference optics that enable precise measurements of spherical optics greater than 12" in diameter.

"These orders are testimony to Zygo's unique ability to provide fully integrated advanced metrology systems by combining the leading edge interferometric capabilities of our Metrology Systems Division with the large optics extreme precision fabrication and assembly capability of our Precision Optics groups," noted Dan Musinski, Marketing Director for Optical Test Systems.

Commenting on the orders, Don Battistoni, Executive Director of Worldwide Sales stated, "Zygo's China joint venture, headed by Dr. Lifeng Yin, continues to extend Zygo's reach into this rapidly growing precision optics market. These customers confidently choose Zygo for their quality control needs based on our long-standing leadership in optical interferometric test systems, as well as our local service and support infrastructure. These specialized systems combine technologies from across our organization and expand our industry standard interferometer product line to directly measure the full area of large spherical optics with high precision."

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 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," "plan(s)," "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 revenue cycle; environmental regulations; investment portfolio returns; fluctuations in our stock price; the risk that anticipated growth opportunities may be smaller than expected 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 except as required by law. 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.

Contact Information

  • For Further Information Call:
    John P. Jordan
    Chief Financial Officer
    Phone: 860-347-8506
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