PHTN Photon Dynamics (MM)

SAN JOSE, Calif., April 7, 2008 /PRNewswire-FirstCall/ -- Photon Dynamics, Inc. (NASDAQ:PHTN) today announced the appointment of James P. Moniz to the position of chief financial officer (CFO), effective April 4, 2008. Mr. Moniz brings significant executive leadership and 28 years of experience in accounting and finance for high technology companies. "We are very pleased to welcome Jim to the executive management team at Photon Dynamics," said Jeffrey Hawthorne, president and chief executive officer of Photon Dynamics. "His proven track record as a chief financial officer as well as his breadth of corporate finance and management acumen make him an excellent choice for our CFO position. Jim's wealth of experience in managing a cyclical business, driving operational excellence and building shareholder value will be a great contribution to Photon Dynamics as we continue to advance our strategic vision." "I am delighted to become a key team member of Photon Dynamics," said Mr. Moniz. "The team's efforts to grow the Company via a competitive flat panel display business, improved profitability and a diversified business are truly exciting. I am looking forward to working with other members of the Company to achieve the organization's full potential." Prior to joining Photon Dynamics, Mr. Moniz has served as CFO, Treasurer and Assistant Secretary of Nextest Systems Corporation since October 2000. Before joining Nextest, starting in June of 1998, Jim was Vice President and Chief Financial Officer of Millennia Vision Corporation. From October 1996 until May 1998, he served as Vice President of Finance for Fairchild Imaging Systems and from November 1991 until October 1996 as Vice President of Finance and Administration and later as President of Rolm Computers. He has an MBA and two B.S. degrees, one in accounting and one in marketing from San Jose State University. About Photon Dynamics, Inc. Photon Dynamics, Inc. (NASDAQ:PHTN) is a global supplier utilizing advanced digital imaging 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/. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 - Certain statements in this press release are forward-looking statements. These forward-looking statements are based on current expectations on the date of this press release and involve a number of uncertainties and risks. As a result, actual results may differ substantially from expectations. For further information on risks affecting Photon Dynamics, refer to the section entitled "Management's Discussion and Analysis of Financial Condition and Results of Operations" under the caption "Factors Affecting Operating Results" in Photon Dynamics' Annual Report on Form 10-K for the year ended September 30, 2007 as filed with the Securities and Exchange Commission. Photon Dynamics undertakes no obligation to update or revise any forward-looking statements whether as a result of new developments or otherwise. 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/

Copyright