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ISRAEL’S OPHIR OPTRONICS ACQUIRED BY NEWPORT CORP

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Tuesday, August 23rd, 2011

“Ophir has a history of impressive revenue growth. Their differentiated technologies, well-respected brands and strong customer relationships are an excellent fit with Newport’s strategic agenda.” – Newport president and CEO Robert J. Phillippy

Newport Corp, a U.S. manufacturer and distributor of precision components, bought Jerusalem-based Ophir Optronics Ltd. for $230 million in cash.

Ophir will become a wholly owned subsidiary of Newport and merge with a newly formed Newport subsidiary

Ophir Optronics develops and manufactures optical equipment for the defense and civilian markets. The company has plants in Israel and the US, and sales offices in the US, Japan, and Europe.

Newport Corporation, established in 1969, is a leading global supplier of advanced technology products and solutions for scientific research, life & health science, aerospace & defense, photovoltaics, industrial manufacturing, semiconductors, and microelectronics markets.