SMT, PCB Electronics Industry News

Newport Corporation has New Board Members

Apr 21, 2003

Irvine, California - April 15, 2003 -- Newport Corporation (NASDAQ: NEWP) has announced that Michael T. O'Neill and Peter J. Simone have joined the company's board of directors.

O'Neill, (62), is president and CEO of Miragene, Inc., a biotechnology company engaged in proteomics and molecular diagnostics. From 1995 to 2000, he served as an independent consultant to several private companies in the biotechnology industry. From 1973 to 1995, he worked for Beckman Instruments, Inc., a manufacturer and supplier of automated analytical systems for life sciences and diagnostic markets. His most recent positions with Beckman were as senior vice president of worldwide commercial operations from 1993 to 1995, and group vice president of life sciences operations from 1989 to 1993.

Simone, (55), has 30 years of experience in operating management and consulting with a variety of public and private high-technology companies. He currently serves as an independent consultant to several venture capital firms and venture-funded private companies. He recently served as executive chairman and a director of SpeedFam-IPEC, Inc., a worldwide semiconductor equipment company that was acquired by Novellus Systems, Inc. in December 2002. During 2001 and 2002, he was president and a director of Active Controls Experts, Inc., a company using smart materials and embedded software to control submicron vibrations in structures for semiconductor capital equipment markets.

Robert G. Deuster, president and chief executive officer of Newport Corporation, said, "As Newport expands the scope of its involvement in manufacturing products for the semiconductor industry and life and health sciences markets, we are extremely pleased to have attracted the services of two professional managers with tremendous experience in these arenas. Mike O'Neill and Peter Simone bring diverse sets of talents that complement the experience and skills of our existing board members."

Deuster also announced that William R. Rauth III, (59), a Newport Corporation director since 2001, has resigned as a director. "Under the new, heightened independence standards recently adopted by the Securities and Exchange Commission for members of audit committees, Bill Rauth is no longer deemed independent for purposes of serving on Newport's audit committee," said Deuster. "Following the proposal of this rule, Bill elected to resign from the board to facilitate the addition of new directors who would meet the new audit committee independence standards."

About Newport Corporation

Newport Corporation is a leading global supplier of advanced technology products and systems to the semiconductor, communications, electronics and research markets. The company provides components and integrated subsystems to manufacturers of semiconductor processing equipment, advanced automated assembly and test systems to manufacturers of communications and electronics devices, and a broad array of high-precision components and instruments to commercial, academic and government customers worldwide. Newport's innovative solutions leverage its expertise in precision robotics and automation, sub-micron positioning systems, vibration isolation and optical subsystems to enhance the capabilities and productivity of its customers' manufacturing, engineering and research applications. Newport is part of the Standard & Poor's Midcap 400 Index and the Russell 2000 Index. For more information, visit http://www.newport.com

Company Contact:

Newport Corportion

Charles F. Cargile

949.863.3144

E-mail: investor@newport.com

Website: http://www.newport.com

Makinson Cowell - US

Dan Peoples

858.552.8146

E-mail: dan.peoples@makinson-cowell.com

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