BILLERICA, Mass., June 1 /PRNewswire-FirstCall/ -- GSI Group Inc.
(Nasdaq: GSIG), a leading manufacturer of enabling technology solutions and
laser based semiconductor manufacturing systems, today announced that the
Company has received two orders for its leading edge technology memory
repair systems totaling more than $3.5 million.
Commenting on the order, Nino Federico, VP and General Manager of the
Laser Systems group said, "In a concentrated market with few customers, the
win-back of this latest round of purchasing from a top-tier customer is
significant. Also, as we have stated in presentations, we believe the long
term memory repair market remains strong as consumer and PC applications
require increasing amounts of DRAM and flash memory."
These orders are both expected to be shipped in the third quarter.
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.
For more information, please contact:
Ray Ruddy
Director of Investor Relations
978-439-5511x6170
SOURCE GSI Group Inc.
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Related links:
http://www.gsig.com/
http://www.prnewswire.com/comp/107189.html /
CONTACT:
Ray Ruddy, Director of Investor Relations of
GSI Group, +1-978-439-5511 ext. 6170
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