Excel Technology, Inc. Stockholders Vote in Favor of Merger with Coherent, Inc.

Excel Technology, Inc. (NASDAQ: XLTC) today announced
that, at a special meeting of Stockholders held on April 4, 2006, the
stockholders of the Company voted to adopt the Agreement and Plan of
Merger with Coherent, Inc. (Santa Clara, CA, NASDAQ: COHR) providing
for the acquisition of the Company by Coherent, Inc.
   On March 28, 2006, the Company announced that the Antitrust
Division of the Department of Justice (DOJ) requested additional
information and documentary material in connection with its review of
the proposed acquisition, which request extends the waiting period
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Excel
Technology is responding to the DOJ request.

   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.