Multi-Million Dollar Development Contract Awarded to Zygo.Business Editors & Technology Writers MIDDLEFIELD, Conn.--(BUSINESS WIRE)--Sept. 17, 2002 Zygo Corporation Zygo Corporation (NASDAQ: ZIGO)is a company that specializes in optical systems & equipment for areas such as optical metrology. Zygo's metrology systems are based on optical interferometry measuring displacement, surface figure, and optical wavefront. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ZIGO), announces that it has entered into a major contract to develop a product for a customer utilizing leading edge metrology metrology Science of measurement. Measuring a quantity means establishing its ratio to another fixed quantity of the same kind, known as the unit of that kind of quantity. technology and application specific solutions for next generation lithography lithography (lĭthŏg`rəfē), type of planographic or surface printing. It is distinguished from letterpress (relief) printing and from intaglio printing (in which the design is cut or etched into the plate). tools. This contract was awarded based on ZYGO's unique patent pending technology and its reputation as a world leader in interferometric metrology. The contract currently has a value of $29,690,000 and generally covers the period from January 2002 to February 2004, subject to meeting certain milestones during this period. Construction has begun at ZYGO on a facility capable of producing and testing products within extremely tight environmental specifications. Carl Zanoni, senior vice president technology, stated, "we are extremely pleased to be selected to develop this technology with significantly new, unmatched metrology capabilities. It is a reflection of the innovative skill of our people and the depth of our intellectual property." Zygo Corporation (Nasdaq:ZIGO), headquartered in Middlefield, Connecticut Middlefield is a town in Middlesex County, Connecticut, United States. The population was 4,203 at the 2000 census. Geography According to the United States Census Bureau, the town has a total area of 34.5 km² (13.3 mi²). 32.9 km² (12.7 mi²) of it is land and 1.6 km² (0. , is a worldwide developer and supplier of high-performance metrology instruments, high precision optics, optical assemblies, and automation for the semiconductor, industrial, and telecommunications markets. See ZYGO's web site at www.zygo.com for additional information. This press release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors, which could cause actual results to differ materially, are described in the Company's reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q on file with the Securities and Exchange Commission. |
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