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Oerlikon sells Optics business at Golden, Colorado (USA)

Pfäffikon SZ, November 26, 2008 - OC Oerlikon is selling its Oerlikon Optics business unit in Golden, Colorado, USA, to Ocean Optics Inc., an affiliated company of Halma plc, London. The transaction closed on November 24, 2008. Dr Uwe Krüger, CEO of OC Oerlikon, said: "This is a further step in streamlining our portfolio and delivering on our promises. In view of its size and focus on niche markets, the optical coating business no longer fits into the OC Oerlikon business strategy".

OC Oerlikon is thus following up on its commitment to sell the Optics unit. Oerlikon Optics is a leading global provider of custom optical components and subassemblies. The Golden-based optical coating business, including relevant technical plant and equipment, customer and supplier relationships, will be transferred to Ocean Optics. The transferred business posted annual sales in the region of more than CHF 10 million.

Oerlikon previously announced the sale of the Optics business based in Balzers (Lichtenstein) to a management-led group. Discussions with respect to the remaining Optics business in Shanghai (China) remain ongoing.

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