Article: Photon Dynamics Signs Definitive Agreement To Acquire Image Processing Systems Inc.

Expands Reach Into Display Industry - Leverages

Technology/Skills in FPD Applications

SAN JOSE, Calif., Sept. 28 /PRNewswire/ --

Photon Dynamics, Inc. (Nasdaq: PHTN) today announced it has signed a definitive agreement to acquire Image Processing Systems Inc. (IPS) (Toronto: IPV) in exchange for approximately 1.3 million shares of newly issued Photon Dynamics, Inc. common stock.

Based in Markham, Ontario, Canada, IPS is a leading global developer of e-Vision (electronic vision) technology for the display industry and other industrial markets. In the display industry, Photon Dynamics and IPS are leading companies in the design, ...

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