XLTC Excel Tech (MM)

Excel Technology, Inc. (NASDAQ: XLTC) announced today that the Antitrust Division of the Department of Justice (DOJ) has requested additional information and documentary material in connection with its review of the proposed acquisition of Excel Technology by Coherent, Inc. (Santa Clara, CA, Nasdaq: COHR). Excel Technology intends to promptly respond to the DOJ request. The DOJ request extends the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. About Excel Technology Founded in 1985, Excel Technology and its wholly owned subsidiaries manufacture and market photonics-based solutions, consisting of laser systems and electro-optical components, primarily for industrial/commercial and scientific applications. About Coherent Founded in 1966, Coherent is a Standard & Poor's SmallCap 600 company and a world leader in providing photonics based solutions to the commercial and scientific research markets. Additional Information and Where to Find It In connection with the merger, Excel Technology has filed a proxy statement and other relevant documents concerning the acquisition with the Securities and Exchange Commission (SEC). STOCKHOLDERS OF EXCEL TECHNOLOGY ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Investors and security holders can obtain free copies of the proxy statement and other documents by contacting Investor Relations, Excel Technology, 41 Research Way, E. Setauket, New York 11733 (Telephone: 631-784-6175). In addition, documents filed with the SEC by Excel Technology are available free of charge at the SEC's web site at http://www.sec.gov. Information regarding the identity of the persons who may, under SEC rules, be deemed to be participants in the solicitation of stockholders of Excel Technology in connection with the transaction, and their interests in the solicitation, are set forth in the proxy statement that was filed by Excel Technology with the SEC.