Zygo Announces New Business Operation to Focus on Defense and Aerospace Industries.Business EditorsMIDDLEFIELD, Conn.--(BUSINESS WIRE)--April 1, 2003 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), announced today that it has created a new business development group to enhance the Company's presence in the growing defense and aerospace electro-optic (E-O E-O Electro-Optic ) systems industries. The new organization, named Zygo Applied Optics Applied Optics is a peer-reviewed scientific journal published by the Optical Society of America three times a month. Founded in 1963. The journal has four divisions of editorial scope: optical technology; information processing; lasers, photonics and environmental optics; (ZAO ZAO Zakrytoe Aktsionernoe Obschestvo (Russian: Closed Joint Stock Corporation) ZAO Zenith Angle Offset ZAO Aluminium Doped Zinc Oxide (material for producton of organic light-emitting diodes) ), will further strengthen ZYGO's precision optical instrumentation businesses by adding significant electro-optical design and development capabilities. The ZAO group is comprised of selected individuals and leaders from the optical design community in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Collectively, the ZAO group possesses decades of experience in delivering complex E-O systems to the defense, aerospace, and scientific communities. ZAO will also augment ZYGO's expanding high-precision optical assembly business located in Tucson, Arizona. "Integrating a strong, independent core of precision E-O system specialists with our established precision optics teams in Middlefield and Tucson is a winning combination for our customers," said Robert Stoner ston·er n. 1. One that stones. 2. Slang a. One who is habitually intoxicated by alcohol or drugs. b. One who is a delinquent or failure. , Vice President of Business Development at ZYGO. "We are thrilled to have such a unique and talented group within ZYGO. Their world-class skills in free space and fiber-based optical design uniquely position ZYGO to offer design, prototyping, and manufacturing solutions." ZAO will also be applying advanced fiber optic technologies to the next generation of motion measurement and interferometric products presently offered by ZYGO. Zygo Corporation (NASDAQ: ZIGO), headquartered in Middlefield, Connecticut, is a worldwide developer and supplier of high precision optics, optical assemblies, high performance metrology instruments, and automation for the semiconductor and industrial markets. See ZYGO's web site at www.zygo.com for additional information. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21 E of the Securities and 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 risk 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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