MIDDLEFIELD, Conn., March 13, 2014 (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 in excess of $5 million from a semiconductor equipment manufacturer to produce high precision optical components. Zygo will produce the components at its Extreme Precision Optics facility in Richmond, CA, which specializes in high precision manufacturing of optical assemblies and components for semiconductor, defense and research markets.
John Stack, President of the Optical Systems Division, commenting on the order, stated, "The Extreme Precision Optics group has long been a leader in producing high precision optics unique to the demanding needs of the semiconductor market. With a strong focus on high departure asphere polishing and associated metrology techniques, the group provides optics assemblies up to and including EUV."
The 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 has 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.
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," "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, including risks related to the Company's recent and announced changes in senior management and the Board of Directors; 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, 2013, filed with the Securities and Exchange Commission on September 13, 2013.