PHTN Photon Dynamics (MM)

Photon Dynamics Receives Major Order for Generation 6 Production Line SAN JOSE, Calif., June 10 /PRNewswire-FirstCall/ -- Photon Dynamics, Inc. (NASDAQ:PHTN), today announced that Innolux Display Corporation has selected the ArrayChecker(TM) and ArraySaver(TM) products as the sole array test and repair solutions for its generation six production line in Chunan, Taiwan. Equipped with the ParagonAVIOS(TM) Sensor Technology, Photon Dynamics' innovative core technology, the production-proven ArrayChecker delivers enhanced system throughput and reliable panel defect detection capabilities, and has achieved unrivaled customer acceptance. The ArraySaver product line is Photon Dynamics' market leading LCD array repair system which utilizes multiple wavelength laser technology to repair defects in flat panel displays during and after array fabrication. "Time-to-market and cost reduction are two of the most critical challenges for our customers. Our market-leading, production-proven technology offers our customers an optimal solution for fast ramp up and production flexibility. This multiple-system order reaffirms our innovative technology leadership, commitment to exceptional customer support, as well as a thorough understanding of our customers' needs," said Jeffrey Hawthorne, president and chief executive officer of Photon Dynamics. "We are highly gratified to continue our invaluable, long-standing business relationship with Innolux since the inception of its generation five T0 factory and we will continue to help our customer optimize manufacturing efficiency and lower total cost of ownership." About Innolux Display Corporation Innolux Display Corp. (INNOLUX), a Foxconn Group company based in Taiwan's "Silicon Valley" Hsin-Chu Southern Science Industrial Park, is the first firm in Taiwan that integrates the upstream TFT-LCD panel production to downstream system assembly. The major products are TFT-LCD panel module for monitor product of desktop monitors, and display units for medium- and small-sized applications such as cellular phones, portable DVD players, etc. Future product development will continue to address medium- and small-sized TFT-LCD related products while large-sized LCD TVs will be the major products. Innolux continues to research and develop new technology and focus on manufacturing high-quality and high-performance products. About Photon Dynamics, Inc. Photon Dynamics, Inc. (NASDAQ:PHTN) 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, visit its website at http://www.photondynamics.com/. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as PDI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in 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: cancellation or delay of the purchase order by customer which would resulting termination of our exclusive supply relationship, 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, 2007 and the Quarterly Report on Form 10-Q for the quarter ended March 31, 2008 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. DATASOURCE: Photon Dynamics, Inc. CONTACT: So-Yeon Jeong, Vice President, Investor Relations and Marketing Communications of Photon Dynamics, Inc. +1-408-360-3084, Web site: http://www.photondynamics.com/

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