SOURCE: Zygo Corporation

Zygo Corporation

October 26, 2009 12:07 ET

ZYGO Receives Order for Advanced Helmet Mounted Displays

MIDDLEFIELD, CT--(Marketwire - October 26, 2009) - Zygo Corporation (NASDAQ: ZIGO), a worldwide supplier of optical metrology instruments and high precision optical systems, today announced that its Optical Systems Division has been awarded a multi-million dollar manufacturing contract to produce Advanced Helmet Mounted Displays (AHMD) for the L-3 Communications Link Simulation and Training division in support of the US Air Force F-16 aircrew training program.

The F-16 aircrew training program represents the first time ZYGO's AHMD will be deployed for jet fighter training programs, representing a new application for the product. Commented John Stack, President of ZYGO's Optical Systems Division, "ZYGO's AHMD provides industry leading performance and ergonomics for today's most demanding flight simulator applications. This was demonstrated by the Air Force requirements for a system that could deliver high visual acuity and field of view while providing a lightweight balance platform necessary to train pilots over an extended period of time." The AHMD is also currently being used by the US Army for advanced helicopter training.

The AHMD was developed by ZYGO's Electro-Optics Group, which provides state of the art optical systems to the defense, life sciences, and industrial markets.

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.

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 sales, orders, 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 net sales 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; dependence on proprietary technology and key personnel; length of the sales 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; and the risk related to the Company's transition to new 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, 2009, filed with the Securities and Exchange Commission on September 14, 2009.

Contact Information

  • For Further Information Call:
    Walter A. Shephard
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