Photon Dynamics Ships First ArrayChecker 3500 System


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San Jose, Calif. -- Photon Dynamics Inc. announces the first shipment of its next-generation LCD array test system, the ArrayChecker 3500.

The ArrayChecker 3500 was delivered to a customer for the production of generation-5 LCD displays for notebook and desktop computer monitors, as well as televisions.On January 28, 2003, Photon Dynamics announced that several shipments of the ArrayChecker 3500 had been rescheduled from the first quarter to the second quarter of fiscal 2003 due to the previously announced technical delay in the introduction of such system.In accordance with the company's revenue recognition policy, revenue is not recognized for a new product until final acceptance is obtained from at least one customer. Given the duration of the acceptance process for a new product in the customer's factory, final acceptance most likely will not occur by the end of the second quarter of fiscal 2003. Photon Dynamics Inc. is a leading global supplier of integrated yield management solutions for the flat panel display market. For more information, visit www.photondynamics.com.

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