Electro Scientific Industries, Inc. the renowned provider of world-class photonics and laser systems for micro engineering applications today announced here of the results of its fiscal forth quarter of the year 2007 that ended on the June 2, 2007.

ESI is a frontrunner and leading supplier of world-class production laser systems having the direction of aiding its microelectronics customers to attain compelling yield and productivity gains. From its commencement in 1944 the company's industry-leading, application-specific products has been engaged in concentrating and augmenting electronic-device performance in three key sectors like semiconductors, components and electronic interconnect. The aspiration has been to enable exactitude in fine-tuning of device microfeatures in high-volume manufacturing environments. While Nanya Technology Corporation being a member of the Formosa Plastics Group, is a well-known global leader in advanced memory semiconductors with its central focus on research and development, design, manufacturing, and sales of DRAM products. The company at present is the owner of two 200mm fabrications in Nankan, Taoyuan and Linko city. It has added feathers to its saga of achievement through the launching of joint development programs for the 90nm, 70nm and 60nm DRAM technology generations and a 300mm joint venture (Inotera Memories, Inc.) with Infineon Technologies AG from December 2002. The sole intention being to remain competitive in the upcoming "nanometer" era.

It has been found from the declaration by the Company that the fourth quarter sales were $71.7 million, up 21% compared to third quarter sales of $59.4 million and up 24% when it is compared to fourth quarter sales of the previous year and which amounted to $57.9 million. Again where operating income for the quarter of this specific period up to the 2nd of June was $10.5 million, when compared with the operating income of $4.0 million in the third quarter and operating income of $4.2 million in the fourth quarter just a year ago. Again the net income for the quarter was $7.9 million, or $0.27 per diluted share, in comparison to the net income of $5.6 million, or $0.19 per diluted share, in the third quarter and $5.9 million, or $0.20 per diluted share, in the fourth quarter a year ago.

Speaking on the occasion Nick Konidaris, the President of ESI and the Chief Executive Officer said, "Continued strong performance through the fourth quarter resulted in our best overall fiscal year since 2001," noted,. "As a result of strong demand and the successful introduction of key new products during 2007, we delivered significant year-over-year gains in orders, sales and profitability to our shareholders. The 29% growth in annual orders, coupled with 21% growth in annual shipments, allowed us to finish the year with approximately $57 million in backlog, an increase of 14% compared to fiscal year-end 2006."