Just a "little" about Synta<br /><br />CELESTRON PURCHASED BY SW TECHNOLOGY CORPORATION, A DELAWARE COMPANY, AFFILIATE OF SYNTA TECHNOLOGY CORPORATION<br /><br />Leading telescope manufacturer purchased by long term overseas optics manufacturer<br /><br />TORRANCE, CA -- April 6, 2005 --<br />Celestron, one of the world's leading designers and manufacturers of telescopes, binoculars, spotting scopes and microscopes, today announced that SW Technology Corporation, a Delaware company, an affiliate of Synta Technology Corporation ("Synta") acquired all of the outstanding members ownership interests of the company. Synta is a well-known optics manufacturer that has participated in the development of some of Celestron's most popular products, such as the NexStar GT computerized telescope line. Synta has been a Celestron supplier for over 15 years.<br /><br />Celestron will continue to be led by the senior management team of Joseph A. Lupica and Richard L. Hedrick with Chairman Alan Hale and Celestron founder Tom Johnson remaining as consultants. Synta and its related companies will continue to manufacture and supply other telescopes and related products for Celestron. As a result of the acquisition, Celestron will be in a position to meet all current financial obligations and continue to lead the product engineering, development and manufacturing processes from the Torrance, California headquarters. All product warranties will stay in effect and product support will not be interrupted or delayed. The company's first goal is to fill a three month backlog of product orders and work to resume full scale production and product development operations. <br /><br />"I have always had great admiration and respect for Celestron's products and have had a very close and warm relationship with the company and its management team for the past 15 years," said David Shen, Synta founder. "I am committed to maintaining Celestron's reputation of quality and innovation and will support their continue <div class="Discussion_UserSignature">
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