BILLERICA, Mass., Feb. 22 /PRNewswire-FirstCall/ -- GSI Group Inc.
(Nasdaq: GSIG) announced a multiple system purchase order in excess of $6
Million for WaferTrim systems used for the production of mixed signal analog
and power management chips. Deliveries are scheduled to be in the second
quarter of 2006.
According to Nino Federico, V.P. and General Manager for the company's
Laser Systems Group, "Following our previously announced mixed signal order in
December, we are pleased that this market appears to be improving. This is a
major order reaffirming GSI's position as market leader in this industry
segment."
About GSI Group Inc.
GSI Group Inc. supplies precision motion control components, lasers and
laser-based advanced manufacturing systems to the global medical,
semiconductor, electronics, and industrial markets. GSI Group Inc.'s common
shares are listed on Nasdaq. For more information on GSI Group, please visit
http://www.gsig.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, 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 integrate acquisitions, changes in applicable
accounting standards, tax regulations or other external regulatory rules and
standards, 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.
GSI-G
For more information contact: Investor Relations, 978-439-5511, Ray Ruddy,
(ext. 6170)
SOURCE GSI Group Inc.
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Related links:
http://www.gsig.com
Company News On-Call:
http://www.prnewswire.com/comp/107189.html
CONTACT:
Ray Ruddy, Investor Relations of GSI Group
Inc., +1-978-439- 5511, ext. 6170
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