BILLERICA, Mass., June 29 /PRNewswire-FirstCall/ -- GSI Group Inc.
(Nasdaq: GSIG; TSX: GSI) announces the receipt of a new order for multiple
M450 WaferRepair(TM) memory processing systems from a major Korean
semiconductor manufacturer. The total value of this order is expected to be
over $6 million.
GSI Group is a key supplier of memory processing systems to the industry.
"We are pleased to continue supplying laser processing systems that meet our
customers' evolving production needs," said Nino Federico, Vice President and
General Manager of the GSI Group Laser Systems Division. "The continued
adoption of our memory processing technology underscores our strong industry
position."
The GSI Group WaferRepair memory processing product platform is based on
patented innovations that enable manufacturers to dramatically enhance the
yield of ever-tightening fuse pitch structures. Tight pitch fuse pitches allow
for the achievement of higher performance and higher capacity memory products.
GSI Group supplies precision motion control components, lasers and laser-
based advanced manufacturing systems to the global medical, semiconductor,
electronics, and industrial markets. GSI Group's common shares are listed on
Nasdaq (GSIG) and The Toronto Stock Exchange (GSI). The Company's web site
address is http://www.gsigrp.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.
GSI-G
For more information:
Raymond Ruddy
GSI Group Inc.
+1-978-439-5511
Ext. 6170
SOURCE GSI Group Inc.
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Company News On-Call:
http://www.prnewswire.com/comp/107189.html
Related links:
http://www.gsigrp.com
CONTACT:
Raymond Ruddy of GSI Group Inc.,
+1-978-439-5511, ext. 6170
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