Photon Dynamics Announces Release of ParagonAVIOS(TM) Sensor Technology

Innovative "Advanced Voltage Imaging Optical System" Marks Significant Core Technology Advancement for Company's Market Leading Test System

Photon Dynamics, Inc. (NASDAQ: PHTN), a global supplier utilizing advanced machine vision technology to provide market leading Liquid Crystal Display yield enhancement systems and high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications, announced the release of the ParagonAVIOS(TM) Sensor Technology, representing a substantial technology innovation of its Voltage Imaging Optical System (VIOS).
VIOS is the core technology of Photon Dynamics' ArrayChecker(TM), the Company's market leading Liquid Crystal Display (LCD) array test system; and the release of the ParagonAVIOS(TM) Sensor Technology marks innovative core technology advancement for Photon Dynamics' test systems. Equipped with the new ParagonAVIOS(TM) Sensor Technology, the ArrayChecker product line enables improved panel defect detection at a significantly larger working distance than previously possible.
"A key focus of the ParagonAVIOS(TM) development was delivering to our customers continuous improvement in our product's performance, productivity, and cost of ownership," explained Jeff Hawthorne, president and CEO of Photon Dynamics. "Through our extensive in house and Beta site testing and performance evaluations, the ParagonAVIOS(TM) Sensor Technology has delivered in improving the ArrayChecker's defect detection capability, system throughput, and cost of consumables."
The Company has sold multiple systems equipped with the technology; and in addition, has sold and installed several upgrades into existing LCD fabrication lines. The ParagonAVIOS(TM) Sensor Technology is in production operation at several major LCD manufacturers, and has achieved technical and commercial customer acceptance on the latest Generation 8 system.
"The ParagonAVIOS(TM) Sensor Technology incorporates technical innovations in Photon's camera and illumination systems, optical design and components, software and defect detection algorithms, and substantial advancement of our electro-optic modulator's working distance, sensitivity and durability," added Hawthorne. "The ParagonAVIOS(TM) technical advancements reflect our core technical capability and the talent of the dedicated Photon Dynamics team to innovate and execute.
"The ParagonAVIOS(TM) product contributed to the recent market share gains Photon made during the September quarter, which were the direct result of strategic technological investments made by the Company."
The ParagonAVIOS(TM) Sensor Technology is commercially available and being offered on all new system sales, as well as a field upgrade product for the installed base of over 300 Generation 5 - 8 systems.
About Photon Dynamics, Inc.
Photon Dynamics, Inc. is a global supplier utilizing advanced machine vision technology for market leading Liquid Crystal Display (LCD) flat panel display test and repair systems and for high performance digital imaging systems for defense, surveillance, industrial inspection and medical imaging applications. For more information about Photon Dynamics (NASDAQ: PHTN), visit its website at http://www.photondynamics.com/.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
Certain statements in this press release are forward-looking statements. These forward-looking statements are based on current expectations on the date of this press release and involve a number of uncertainties and risks including but not limited to; that the technical and cost advantages provided by technology will be realized or maintained, that customers will continue to purchase the technology or upgrades, and those risks and uncertainties described in the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" under the caption "Factors Affecting Operating Results" in Photon Dynamics' Annual Report on Form 10-K for the year ended September 30, 2006 as filed with the Securities and Exchange Commission. As a result, actual results may differ substantially from expectations. Photon Dynamics undertakes no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.
Source: money.cnn.com