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To: Mike who wrote (776)	5/19/2001 9:57:10 AM
From: Mike	Respond to of 13815

Newport Corp. Receives Outstanding Public Company Award From American Electronics Association (AEA): RELATED SYMBOLS: (NEWP) IRVINE, Calif., May 18, 2001 (BUSINESS WIRE) -- Newport Corp. (Nasdaq:NEWP) today announced that it has received the Outstanding Public Company Award from the Orange County Chapter of the American Electronics Association (AEA). The award, presented Thursday at the AEA's Eighth Annual Technology Awards ceremony, honors a publicly owned Orange County-based technology company for outstanding performance and leadership, including demonstrated growth in revenues and earnings for the year 2000. "We are pleased to have Newport's success so recognized," said Robert G. Deuster, president and chief executive officer. "Newport's selection is a reflection of the stellar year the company had in 2000 and underscores our position as the leading global solution provider to the fiber optic communications, semiconductor equipment, aerospace and research and industrial metrology markets." In 2000, Newport's revenues rose a record 78 percent to $284.0 million, and net income more than tripled to $36.3 million. The company's market capitalization increased from approximately $390 million to $2.6 billion at the end of the year. During the year, the company completed a three-for-one stock split that generated approximately $300 million in capital, which the company is utilizing to expand its position in core markets. The company has been named to the Russell 1000 Index of large capitalization stocks as well as the Standard & Poor's Midcap 400 Index. About Newport Corp. Newport Corp. is a global leader in the design, manufacture and marketing of high-precision components, instruments and integrated systems to the fiber optic communications, semiconductor equipment, aerospace research and industrial metrology markets. The company's innovative products are designed to enhance productivity and capabilities in test and measurement and automated assembly for precision manufacturing, engineering and research applications. Customers include Fortune 500 corporations, technology companies and research laboratories in commercial, academic and government sectors worldwide. Newport is part of the Russell 1000 Index and on March 1, 2001, was added to Standard & Poor's Midcap 400 Index. About AEA The American Electronics Association is the nation's largest high-tech trade group, representing more than 3,000 U.S.-based technology companies. Membership spans the industry product and service spectrum, from semiconductors and software to computers, Internet and telecommunications systems and services. With 18 regional U.S. councils and offices in Brussels, Tokyo and Beijing, AEA offers a unique global policy grassroots capability and a wide portfolio of valuable business services and products for the high-tech industry. For 56 years, AEA has been the accepted voice of the U.S. technology community. CONTACT: Newport Corp., Irvine Charles F. Cargile, 949/253-1273 investor@newport.com www.newport.com or PondelWilkinson MS&L Cecilia A. Wilkinson/E.E. Wang, 310/207-9300 investor@pondel.com KEYWORD CALIFORNIA BELGIUM JAPAN CHINA INTERNATIONAL ASIA PACIFIC EUROPE URL: businesswire.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. Copyright (C) 2001 Business Wire. All rights reserved. -0- INDUSTRY KEYWORD: HARDWARE NETWORKING TELECOMMUNICATIONS (Public Company & Wall Street & Business & High Tech) A service of the Financial Data Cast Network (FDCN) and Window On WallStreet Inc.