PHTN Photon Dynamics (MM)

Advanced LCD Array Test Systems Ordered By Global Leader for Generation 8 Production Line SAN JOSE, Calif., April 9, 2008 /PRNewswire-FirstCall/ -- Photon Dynamics, Inc. (NASDAQ:PHTN), today announced that its ArrayChecker product has been selected by LG Display, formerly known as LG Philips LCD, as the sole array test solution for its eighth generation, thin-film transistor liquid crystal display (TFT-LCD) P8 fabrication facility in Paju, Korea. Equipped with the ParagonAVIOS(TM) Sensor Technology, Photon Dynamics' innovative core technology, the production-proven ArrayChecker delivers enhanced system throughput and reliable panel defect detection capabilities, and has achieved unrivaled customer acceptance on the Generation 8 system. "We are extremely pleased to continue our highly-valued, long-standing major vendor relationship with LG Display, which began with the inception of its P1 factory. This multiple-system order affirms our innovative technology leadership and our commitment to outstanding customer support," said Jeffrey Hawthorne, president and chief executive officer of Photon Dynamics. "Our market leading array test technology and production-proven equipment will enable our customers to quickly ramp up their production while reducing the total cost of ownership. We will continue to align our goals with those of our customers to help them achieve maximum efficiency and productivity." About LG Display LG Display Co., Ltd. [NYSE: LPL, KRX: 034220] is a leading manufacturer and supplier of thin-film transistor liquid crystal display (TFT-LCD) panels, OLEDs and flexible displays. The company provides TFT-LCD panels in a wide range of sizes and specifications for use in TVs, monitors, notebook PCs, and various applications. LG Display currently operates seven fabrication facilities and five back-end assembly facilities in Korea, China and Poland. The company has a total of 22,000 employees operating in ten countries around the world. Please visit http://www.lgdisplay.com/ for more information. 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/. "Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995 This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as PDI or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in 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 including but not limited to: our ability to sustain profitability through our outsourcing strategies, execution of our diversification strategy may not succeed, and those risks and uncertainties described in 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 and the Quarterly Report on Form 10-Q for the quarter ended December 31, 2007 as filed with the Securities and Exchange Commission. As a result, actual results may differ substantially from expectations. 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/ http://www.lgdisplay.com/

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