Navitar, Inc, a leading USA-based manufacturer of precision optics and imaging system components, has signed a definitive agreement to acquire Hyperion Development, LLC, a leading design firm and manufacturer of custom optical assemblies and OEM solutions. The companies expect the deal to close by the end of the first quarter.

Rochester, New York - February 18, 2016 - Navitar, Inc, a leading USA-based manufacturer of precision optics and imaging system components, has signed a definitive agreement to acquire Hyperion Development, LLC, a leading design firm and manufacturer of custom optical assemblies and OEM solutions. The companies expect the deal to close by the end of the first quarter.

Navitar owners, Jeremy and Julian Goldstein comment, "We are very excited to welcome everyone at Hyperion Development into the Navitar family. This transaction brings together two industry leaders and creates an optical design powerhouse. We will be operating out of four engineering, design, and production facilities located in San Ramon, CA, Woburn, MA, Denville, NJ and Rochester, NY."

Hyperion Development has a history of designing innovative next generation Deep Ultraviolet (DUV) and Extreme Ultraviolet (EUV) semiconductor lithography systems. Their optical solutions range from ultra-precision microscope objectives, high volume electronic imaging lenses, cine prime lenses, mobile medical solutions, and infrared (IR) solutions for aerospace, defense, and photonics applications.

Hyperion Development expanded in 2014 with the acquisition of AMF Optics and American Diamond Turning, LLC. The newly consolidated company, AMF Optics, LLC, is located in Woburn, MA. This state of the art, ITAR registered, ISO 9000 certified facility, will continue to provide high quality traditional diamond turned optical components and infrared lens assemblies. All personnel at each company will be maintained and current facilities will remain in place.

Michael Thomas, co-founder of Hyperion, sees this merger as an opportunity to expand Hyperions production capabilities thus moving their clients products to market faster. According to Hyperion co-founder Russ Hudyma, "Navitars international presence and vertical integration will enable the team to reach more customers, speed up the design and prototyping process, and ensure our best in class solutions reach our customers on time and on budget."

Jeremy Goldstein added, "The combined capabilities of Navitar and Hyperion Development just dont exist at other optical firms around the world. Our unique abilities will continue to help our customers maintain their competitive position and help to strengthen their market leadership."

The acquisition of Hyperion Development was a natural fit with Navitars long-term strategy of providing more diverse optical solutions, specifically within the UV and IR spectrum, to both current and new customers. The acquisition brings together two industry leaders with sales in over 45 countries around the world.


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About Hyperion Development, LLC
Hyperion Development has proven optical solutions across the full spectrum and an extensive patent portfolio as a testimony to its world leading designs. A core competency of Hyperion is the development of Deep Ultraviolet (DUV) and Extreme Ultraviolet (EUV) imaging systems for lithographic printing and semiconductor process metrology. Founders Russ Hudyma and Michael Thomas are graduates of the Institute of Optics at the University of Rochester and have been involved in the design and production of complex optical systems for over 20 years. For more information about Hyperion Development visit their website at www.hyperion-development.com

About Navitar, Inc.
Navitar, Inc. designs, develops, and manufactures precision optical and electro-optical solutions for customers across the globe. Navitar's optical solutions are used in a wide variety of industries including biotechnology, medical, defense and security, industrial imaging and projection optics. Applications include machine vision, automation, assembly, imaging, testing, measuring, metrology, biometrics, telecommunications, photonics R&D, non-contact measurement and simulation. For more information about Navitar, Inc. and their vast offering of innovative products visit the companys website at www.navitar.com.