Navitar Enters into Definitive Agreement to Acquire Hyperion Development

Navitar Enters into Definitive Agreement to Acquire Hyperion Development


Rochester, New York – February 17, 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 ultraprecision
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 Hyperion’s
production capabilities thus moving their client’s products to market faster. According to Hyperion cofounder
Russ Hudyma, “Navitar’s 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 don’t
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 Navitar’s 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.

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‐

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 company’s website at

Press Contact:
Amy Block, Marketing Director
Navitar, Inc.