PHTN Photon Dynamics (MM)

SAN JOSE, Calif., July 17 /PRNewswire-FirstCall/ -- Photon Dynamics, Inc. (NASDAQ:PHTN) today announced that it will report its third quarter fiscal 2008 financial results on Thursday, July 31, 2008, at approximately 1:00 p.m. PDT. On June 26, Photon Dynamics, Inc. and Orbotech Ltd. announced the signing of a definitive agreement for Orbotech to acquire Photon Dynamics. The transaction is subject to customary conditions to closing, including approval by Photon Dynamics' shareholders and requisite regulatory approvals, and is expected to close during the second half of 2008. Given the pending transaction, the Company will not host a quarterly conference call. 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/. 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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