Zygo Corporation Announces Sale of Zygo's Automation Systems Group.Business Editors MIDDLEFIELD, Conn.--(BUSINESS WIRE)--Dec. 14, 2001 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 sold its Automation Systems Group in Longmont, Colorado, to Brooks Automation, Inc. (NASDAQ:BRKS BRKS Brooks (street suffix) ) of Chelmsford, Massachusetts. The Automation Systems Group is a leading manufacturer of reticle ret·i·cle n. A grid or pattern placed in the eyepiece of an optical instrument, used to establish scale or position. [Latin r automation systems including reticle sorters, reticle macro inspection systems, and reticle handling solutions for the semiconductor industry. Substantially all of the assets were sold to Brooks for $11 million cash and Brooks has assumed substantially all of the liabilities of the business. The final price is subject to adjustments, if any, based on the closing balance sheet. Bruce Robinson, Zygo's chairman, president, and chief executive officer, commented, "While the Automation Systems Group has had an excellent record of success as a part of the Zygo organization, the divestiture of the Group will enable Zygo to focus on our core areas of precision optics, optical and fiber optic assemblies, and high performance metrology systems. The Automation Systems Group's reticle handling products fit nicely into Brooks Automation's growing portfolio of semiconductor automation solutions. Zygo will retain our core automation business activities as related to metrology-integrated solutions and photonic and electronic module assembly in Delray Beach, Florida Delray Beach is a city in Palm Beach County, Florida, USA. As of the 2000 census, the city had a total population of 60,020. As of 2004, the population estimated by the U.S. Census Bureau is 64,150. ." About Brooks Automation, Inc. Brooks Automation, Inc. is the leading global supplier of OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and tool automation and factory management software for the semiconductor, data storage, and flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time manufacturing industries. About Zygo Corporation Zygo Corporation is a worldwide developer and supplier of high precision optics, optical, and fiber optic assemblies, high performance metrology instruments, and automation for the telecommunications, semiconductor, and industrial markets. This press release may contain forward-looking statements 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 and other documents on file with the Securities and Exchange Commission. |
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