IRVINE, Calif., Oct. 1, 2001 (PRIMEZONE) -- Newport Corporation (Nasdaq:NEWP) today announced that the company's next generation solutions for the manufacture of components and systems for the fiber optic communications industry, including the power of the Newport Factor(tm), will be featured at this year's ECOC 2001 Fiber Optic Communications Conference and Exhibition. The forum opens today, October 1, 2001, at the Rai Centre, Amsterdam, The Netherlands, and runs through October 3. The company's exhibition booth is located at Stand 1007.
Robert G. Deuster, chairman and chief executive officer of Newport, said, "Newport is pleased to showcase our state-of-the-art technology and quality control solutions for the European fiber optic communications industry. During the conference, we believe European manufacturers will find more of the cost-effective solutions they increasingly require to accelerate time-to-market, raise performance, increase throughput and enable quick response to changing market needs. ECOC 2001 is an opportunity for Newport to demonstrate a number of key advances in automated high-speed, multi-fiber attachment systems, as well as chip level device characterization. Continual evolution of our systems technology, coupled with integrated process control, are making these new automation platforms possible."
Deuster added: "With close to 90 percent of the fiber optic/photonics industry still using manual or semi-automated processes, the potential for improvement is significant. We have quantified the degree to which clients can determine the benefits of Newport's products through use of The Newport Factor(tm)."
Continuing, Deuster said, "The Newport Factor measures the quantifiable improvement our customers can achieve by applying Newport's unparalleled combination of equipment, application knowledge base, package design, process engineering and global support services. The results are higher yields, increased throughput, reduced floor space and faster time to market, resulting in a clear competitive advantage for our customers. Newport has proved to be a vital partner to many companies in the fiber optics industry. We believe our next generation products and technology will translate into even better solutions for our customers as we move forward to meet their evolving manufacturing requirements in the years ahead."
Newport will be represented at ECOC 2001 by a Newport team headed by Lothar Voelker, photonics product line manager, of Newport's German subsidiary at Holzhofallee 19-21 D64295, Darmstadt, Germany, 49 6151 3621 0.
Newport Corporation is a global leader in the design, manufacture and marketing of high-precision components, instruments and integrated systems to the fiber optic communications, semiconductor equipment, computer peripherals and scientific research markets. The company's innovative products are designed to enhance productivity and capabilities of test and measurement and automated assembly for precision manufacturing, engineering and research applications. Customers include Fortune 500 corporations, technology companies and research laboratories in commercial, academic and government sectors worldwide.
The statements in this news release, including the statements made by Robert G. Deuster, are forward-looking statements that involve a number of risks and uncertainties. As discussed in Newport's Annual Report on Form 10-K for the year ended December 31, 2000, assumptions relating to the foregoing involve judgments with respect to, among other things, the ability of Newport to successfully introduce its Newport Factor(tm) and other products and technologies to the fiber optics communications marketplace; the success of Newport's fiber optics business strategy overall; future economic, competitive and market conditions, including those in Europe and Asia and those related to Newport's strategic markets, particularly the fiber optics and photonics market; whether its products, particularly those targeting the company's strategic markets, will continue to achieve customer acceptance; and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of Newport. Although Newport believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could prove inaccurate and, therefore, there can be no assurance that the results contemplated in forward-looking statements will be realized. In light of the significant uncertainties inherent in the forward-looking information included herein, the inclusion of such information should not be regarded as a representation by Newport or any other person that Newport's objectives or plans will be achieved. Newport undertakes no obligation to revise the forward-looking statements contained herein to reflect such events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.