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Excel OKs Coherent Acquisition

Photonics.com
Apr 2006
EAST SETAUKET, N.Y, April 6, 2006 -- Excel Technology Inc. stockholders on Tuesday voted to approve the acquisition of the company by Coherent Inc. of Santa Clara, Calif.

Excel, a maker of laser systems and electro-optical components for industrial/commercial and scientific applications, announced on March 28 that the Department of Justice (DOJ) has requested information and documents in connection with its review of the proposed acquisition. The request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Excel said it is responding to the request and has filed a proxy statement and other documents concerning the transaction with the Securities and Exchange Commission (SEC). Free copies of the proxy statement and other documents are available from Investor Relations, Excel Technology, 41 Research Way, E. Setauket, N.Y. 11733; phone: (631) 784-6100). Documents Excel filed with the SEC are also available at the: SEC's Web site (www.sec.gov).

 For more information, visit: www.exceltechinc.com



GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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