Gsi Lumonics (NASDAQ:GSLI)
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GSI Lumonics Announces an Order from Elpida for Memory Processing
Systems
BILLERICA, Mass., June 7 /PRNewswire-FirstCall/ -- GSI Lumonics Inc.,
(NASDAQ:GSLINASDAQ:andNASDAQ:TSX:NASDAQ:LSI) announces the recent order of
multiple WaferRepair(TM) M430 memory repair systems to Elpida Memory Inc., a
leading semiconductor manufacturer in Japan. The systems will be used to
enhance yield during the production of advanced DRAM devices. A portion of this
order is expected to be delivered in the second quarter of 2004.
GSI Lumonics has been a key supplier of memory repair systems to Elpida since
2002. "We are pleased that Elpida continues to choose GSI Lumonics systems to
meet its production needs," said Nino Federico, Vice President and General
Manager of the GSI Lumonics' Laser Systems Division.
The GSI Lumonics M430 memory repair system is based on patented innovations
that enable manufacturers such as Elpida to design tighter fuse pitch
structures, which allows the achievement of higher performance on smaller die
at a lower cost. The result is higher performance and higher capacity memory
products.
Elpida Memory, Inc. is a manufacturer of Dynamic Random Access Memory (DRAM)
with headquarters based in Tokyo, Japan, and sales and marketing operations
located in Japan, North America, Europe and Asia. Elpida offers a broad range
of leading-edge DRAM products. Elpida is a joint venture company formed by NEC
and Hitachi on December 20, 1999 and has been in operation since April 2000.
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 (LSI). The
Company's web site address is http://www.gsilumonics.com/.
For more information:
Ann Dempsey
GSI Lumonics Inc.
613-224-4868
Ext.2#
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.
DATASOURCE: GSI Lumonics
CONTACT: Ann Dempsey of GSI Lumonics Inc., +1-613-224-4868, Ext.2
Company News On-Call: http://www.prnewswire.com/comp/107189.html