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ZYGO REPORTS SECOND-QUARTER RESULTS

 MIDDLEFIELD, Conn., Jan. 28 /PRNewswire/ -- Zygo Corporation (NASDAQ: ZIGO) today reported sales and net earnings for the three months ended Dec. 31, 1992. Sales were $5,665,000 compared to sales of $7,349,000 for the quarter ended Dec. 31, 1991. Sales for the three- month period (and also the six-month period) ended Dec. 31, 1992 do not include any IMAGE product or service sales, since the IMAGE product line was sold in June 1992. Company Chief Executive Officer Paul F. Forman reported that the company had net earnings of $61,000, or $.02 per share, vs. net earnings of $265,000, or $.10 per share, for the three months ended Dec. 31, 1991.
 Net sales for the six months ended Dec. 31, 1992 were $11,224,000, compared to sales of $15,043,000 for the comparable prior year period. The company had net earnings of $83,000, or $.03 per share, vs. net earnings of $412,000, or $.16 per share, for the six months ended Dec. 31, 1991. Backlog at Dec. 31, 1992 was $6,037,000, compared to $6,674,000 at Dec. 31, 1991.
 The decrease in net earnings for both periods was due primarily to decreased sales partially offset by reduced marketing and research and development expenses, an increase in research and development contract income, and an increase in interest income and other income.
 Demand for the company's products continues to be sluggish due to the continued poor economic conditions in its major markets. The company continues strict cost controls while, at the same time, investing in product development and marketing in order to maximize its share of the market.
 Zygo Corporation designs, develops, manufactures and markets high- performance laser-based noncontact electro-optical measuring instruments and accessories, and manufactures precision optical components. The firm is based in Middlefield, Conn.
 ZYGO CORPORATION
 (Thousands, except per share amounts)
 Periods ended Three Months Six Months
 Dec. 31 1992 1991 1992 1991
 Net sales $ 5,665 $ 7,349 $11,224 $15,043
 Net earnings 61 265 83 412
 Net earnings per share .02 .10 .03 .16
 Weighted average common
 shares and dilutive
 equivalents outstanding 2,589 2,589 2,589 2,596
 -0- 1/28/93
 /CONTACT: Paul F. Forman, chief executive officer of Zygo Corporation, 203-347-8506/
 (ZIGO)


CO: Zygo Corporation ST: Connecticut IN: SU: ERN

SM -- NY093 -- 0442 01/28/93 16:22 EST
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Date:Jan 28, 1993
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