Coherent Notifies Excel of Decision from the German Federal Cartel Office

  
    
  
  
    
      Excel Technology, Inc. (NASDAQ: XLTC) announced today that it was 
      informed by Coherent (NASDAQ: COHR) that they had received a prohibition 
      order from the German Federal Cartel Office (FCO) regarding its proposed 
      acquisition of Excel. The acquisition had previously been approved by 
      antitrust authorities in the United States. Although Coherent had 
      offered multiple remedy proposals to the FCO, none were acceptable.
    
    
      Antoine Dominic, Chief Executive Officer, stated, “Although, 
      the last eight months have been a trying period for Excel’s 
      management and its staff, we have maintained our focus as evidenced by 
      achieving record results in 2006. We are quite optimistic about our long 
      term prospects and plan to build on these achievements.”
    
    
      Excel 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.
    
  
Excel Technology, Inc. (NASDAQ: XLTC) announced today that it was
informed by Coherent (NASDAQ: COHR) that they had received a
prohibition order from the German Federal Cartel Office (FCO)
regarding its proposed acquisition of Excel. The acquisition had
previously been approved by antitrust authorities in the United
States. Although Coherent had offered multiple remedy proposals to the
FCO, none were acceptable.

   Antoine Dominic, Chief Executive Officer, stated, "Although, the
last eight months have been a trying period for Excel's management and
its staff, we have maintained our focus as evidenced by achieving
record results in 2006. We are quite optimistic about our long term
prospects and plan to build on these achievements."

   Excel 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.