SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 19, 1997
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ZYGO CORPORATION
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(Exact name of registrant as specified in its charter)
DELAWARE 0-12944 06-0864500
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State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
LAUREL BROOK ROAD, MIDDLEFIELD, CONNECTICUT 06455
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (860) 347-8506
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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Reference is made to exhibit 99, press release issued by the Company,
announcing the acquisition of Sight Systems, Inc.
Item 7. Exhibits.
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The following exhibit is filed with this Current Report on Form 8-K.
Exhibit No. Description
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99 Press Release dated August 19, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Zygo Corporation
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Registrant
By: /s/ MARK J. BONNEY
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Mark J. Bonney
Vice President, Finance & Administration,
Treasurer, and Chief Financial Officer
Date: August 29, 1997
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EXHIBIT INDEX
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CURRENT REPORT ON FORM 8-K
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Sequential
Exhibit No. Description Page Number
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99 Press Release dated
August 19, 1997
For Further Information
Please Contact:
Gary K. Willis
President and CEO
For Immediate Release
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ZYGO CORPORATION ANNOUNCES
ACQUISITION OF SIGHT SYSTEMS, INC.
MIDDLEFIELD, CONNECTICUT (August 19, 1997)........Zygo Corporation (NASDAQ:ZIGO)
and Sight Systems, Inc. today announced the acquisition by Zygo of Sight
Systems. In the transaction, which will be accounted for as a
pooling-of-interests, Zygo acquired all of the outstanding stock of Sight
Systems in exchange for 287,400 shares of Zygo's common stock.
Sight Systems, Inc., located in Newbury Park, California, designs,
develops, manufactures, and markets high precision application-specific machine
vision metrology systems. These vision systems are primarily used by customers
in the data storage industry in production to improve their production
efficiency and manufacturing yields.
Commenting on the acquisition of Sight Systems, Gary K. Willis, president
and chief executive officer of Zygo, said, "We are pleased to add Sight Systems
to our corporate family. The addition of their vision systems and software
capabilities will allow us to offer more complete solutions to our data storage
customers as well as allowing us to pursue other industry applications by
integrating our existing metrology systems with SSI vision capability." David
Grant, president of Sight Systems, Inc., commented, "The combination with Zygo
will allow us to further our penetration in the data storage industry as a
result of key relationships Zygo has in place today. Beyond this, the merger
allows Sight to pursue other vision solutions for new markets, further
accelerating our growth. We are all very excited to join the Zygo family."
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The results for Sight Systems, Inc. for the 12 months ended December 31,
1996 included net sales of approximately $3.5 million. Zygo recently reported
its third quarter results for fiscal 1997 with net sales of $61.7 million for
the nine months ended March 31, 1997, up some 52% from the comparable nine-month
period of a year earlier; and net earnings of $.83 per share, excluding
nonrecurring acquisition charges, for the nine-month period, a 73% increase from
the $.48 per share earnings reported in the comparable nine-month period of
fiscal 1996.
Zygo Corporation design, develops, manufactures, and markets high
performance measurement and yield improvement instruments, systems, and
accessories used in high technology industries. The Company is headquartered in
Middlefield, Connecticut, and also has operations in Longmont, Colorado, and in
Newbury Park, Sunnyvale, and Simi Valley, California.
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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
and 10-Q on file with the Securities and Exchange Commission.
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August 19, 1997 * * *
