Gsi Lumonics (NASDAQ:GSLI)
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GSI Lumonics Senior Officers Adopt Trading Plans
BILLERICA, Mass., May 11 /PRNewswire-FirstCall/ -- GSI Lumonics announces
today all senior officers of the Company, at the direction of the Board, have
adopted stock trading plans structured in accordance with Rule 10b5-1 of the
Securities Exchange Act of 1934 and the Company's insider trading policy.
Rule 10b5-1 allows corporate insiders to establish prearranged trading plans to
govern the purchase or sale of a specified number or dollar amount of shares of
company stock at a predetermined period of time. Such plans may only be adopted
at a time when the corporate insider has no material non-public information.
Such plans provide assurance to investors that stock trades by Company insiders
are not based on undisclosed information.
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).
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, Section 27A of the United States, Securities Act
of 1933 and Section 21E of the United States Securities 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," "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 contact: Investor Relations, 613-224-4868, Ann Dempsey,
(ext. 2#)
DATASOURCE: GSI Lumonics
CONTACT: Ann Dempsey, Investor Relations of GSI Lumonics, +1-613-224-
4868, ext. 2#
Company News On-Call: http://www.prnewswire.com/comp/107189.html