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MIDDLEFIELD, Conn., Aug. 5, 2013 (GLOBE NEWSWIRE) -- Zygo Corporation (Nasdaq:ZIGO), a worldwide supplier of optical metrology instruments and high precision optical systems, today announced that its Optical Systems Division has received an order valued at $2 million from a semiconductor equipment manufacturer to produce high precision assemblies. Zygo will produce the assemblies at its Electro-Optics facility in Costa Mesa, CA, which specializes in high precision manufacturing of optical systems and assemblies for semiconductor, life science and defense markets.
John Stack, President of the Optical Systems Division, commenting on the order, stated, "Our capability to manufacture high precision assemblies is crucial to meeting the ever-increasing demands of semiconductor manufacturing. We combine strong engineering design with reliable production manufacturing to offer our customers a high value solution and meet aggressive development cycles."
Zygo Optical Systems Division specializes in the manufacture and assembly of high precision optics utilizing unique optical processing technologies and advanced test and alignment methods. These capabilities have been utilized in applications ranging from medical devices to semiconductor lithography to aerial reconnaissance optics. The division consists of four manufacturing and engineering sites that occupy over 140,000 square feet and have been producing world class optics for over 40 years.
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," "plan(s)," "strategy," "project," "should" and other words of similar meaning in connection with a discussion of current or 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 supply chain 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; risks related to the integration of manufacturing facilities; risks related to any reorganization of our business; risks related to changes in management personnel; 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 anticipated or may not be realized; and risks related to business acquisitions. 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, 2012, filed with the Securities and Exchange Commission on September 13, 2012.
CONTACT: John P. Jordan
Vice President, Chief Financial Officer & Treasurer