Gsi Lumonics (NASDAQ:GSLI)
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GSI Lumonics Announces a Large Order for Laser Trim Systems
BILLERICA, Mass., July 12 /PRNewswire-FirstCall/ -- GSI Lumonics Inc.,
(NASDAQ:GSLINASDAQ:andNASDAQ:TSX:NASDAQ:GSINASDAQ:{previouslyNASDAQ:tradedNASDAQ:underNASDAQ:theNASDAQ:symbolNASDAQ:LSI})
announces the receipt of a new order for multiple WaferTrim(TM) systems from a
US-based integrated circuit (IC) manufacturer. The total value of this order is
over $6 million. These laser trim systems are expected to be delivered in the
third quarter of 2004.
Laser trim is a critical tool used in the production of precision linear and
mixed signal devices, resulting in increased functionality and smaller
integrated circuits.
"Chip sales worldwide continue to be strong, and we are enjoying steady demand
for our WaferTrim systems," said Nino Federico, GSI Lumonics Vice President and
General Manager of the Company's Laser Systems Division. "This order further
underscores GSI Lumonics' strong leadership position in laser trim and
highlights our strength in addressing the precision processing requirements of
our customers."
GSI Lumonics supplies precision motion control components, lasers and
laser-based advanced manufacturing systems to the global medical,
semiconductor, electronics, and industrial markets. GSI Lumonics' common
shares are listed on Nasdaq (GSLI) and The Toronto Stock Exchange (GSI). The
Company's web site address is http://www.gsilumonics.com/.
Certain statements in this news release may constitute forward-looking
statements within the meaning of the United States Private Securities
Litigation Reform Act of 1995 (the Reform Act), Section 27A of the United
States Securities Act of 1933 and Section 21E of the United States Securities
and Exchange Act of 1934. These forward-looking statements may relate to
anticipated financial performance, management's plans and objectives for future
operations, business prospects, outcome of regulatory proceedings, market
conditions, tax issues and other matters. All statements contained in this news
release that do not relate to matters of historical fact should be considered
forward-looking statements, and are generally identified by words such as
"anticipate," "believe," "estimate," "expect," "intend," "plan" and "objective"
and other similar expressions. Readers should not place undue reliance on the
forward-looking statements contained in this news release. Such statements are
based on management's beliefs and assumptions and on information currently
available to management and are subject to risks, uncertainties and changes in
condition, significance, value and effect. Other risks include the fact that
the Company's sales have been and are expected to continue to be dependent upon
customer capital equipment expenditures, which are, in turn, affected by
business cycles in the markets served by those customers. Other factors include
volatility in the semiconductor industry, the risk of order delays and
cancellations, the risk of delays by customers in introducing their new
products and market acceptance of products incorporating subsystems supplied by
the Company, similar risks to the Company of delays in its new products, our
ability to continue to reduce costs and capital expenditures, our ability to
focus R&D investment and other risks detailed in reports and documents filed by
the Company with the United States Securities and Exchange Commission and with
securities regulatory authorities in Canada. Such risks, uncertainties and
changes in condition, significance, value and effect, many of which are beyond
the Company's control, could cause the Company's actual results and other
future events to differ materially from those anticipated. The Company does
not, however, assume any obligation to update these forward-looking statements
to reflect actual results, changes in assumptions or changes in other factors
affecting such forward-looking statements.
For more information:
Ann Dempsey
GSI Lumonics Inc.
613-224-4868
Ext. #2
DATASOURCE: GSI Lumonics Inc.
CONTACT: Ann Dempsey of GSI Lumonics Inc., +1-613-224-4868 Ext. 2
Company News On-Call: http://www.prnewswire.com/comp/107189.html