Barloworld Scientific Signs Agreement for the Sale of Melles Griot

May 1, 2007

Carlsbad, CA – Barloworld Scientific Ltd, today announced that an agreement has been signed with CVI, to acquire Melles Griot. The terms of the transaction have not been disclosed, but it is expected to close in the next few weeks.

The acquisition brings together two leaders in optical and laser technology. With worldwide manufacturing and distribution in Asia, Europe, and North America, the new company will be uniquely positioned to take a significant leadership position supplying optical components, lasers and opto-mechanical assemblies.

“Melles Griot is eager to become a strategic part of CVI,” says Blake Fennell, CEO of Melles Griot. “This is a great opportunity for the Melles Griot team to focus on photonics technologies within a company dedicated to the industry.”

Stuart Schoenmann, CEO of CVI states, “We are extremely excited about the opportunities this acquisition creates for our customers, employees and shareholders. The Melles Griot acquisition is a strategic component of CVI’s plan to expand our capabilities and increase our manufacturing capacity to meet worldwide demand.”

Melles Griot is a leading global supplier of photonics products including optical components and systems, lasers, motion-control systems, laser measurement instrumentation and opto-mechanical hardware. The company has manufacturing and distribution activities in 41 countries, serving industries as diverse as semiconductor, biotechnology, metrology and research.

Headquartered in Albuquerque, New Mexico, CVI is a leading manufacturer of optical components, providing engineering, rapid prototype delivery, high volume production and system integration for challenging optical requirements. CVI combines 35 years of optics manufacturing expertise with precision machining and mechanical design to produce integrated opto-mechanical assemblies. CVI serves the semiconductor, biotech, industrial, commercial, aerospace and research industries.

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