BILLERICA, Mass., July 12 /PRNewswire-FirstCall/ -- GSI Lumonics Inc.,
(Nasdaq: GSLI and TSX: GSI {previously traded under the symbol LSI}) announces
the receipt of a new order for multiple WaferTrim(TM) systems from a US-based
integrated circuit (IC) manufacturer. The total value of this order is over $6
million. These laser trim systems are expected to be delivered in the third
quarter of 2004.
Laser trim is a critical tool used in the production of precision linear
and mixed signal devices, resulting in increased functionality and smaller
integrated circuits.
"Chip sales worldwide continue to be strong, and we are enjoying steady
demand for our WaferTrim systems," said Nino Federico, GSI Lumonics Vice
President and General Manager of the Company's Laser Systems Division. "This
order further underscores GSI Lumonics' strong leadership position in laser
trim and highlights our strength in addressing the precision processing
requirements of our customers."
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 (GSI). The
Company's web site address is http://www.gsilumonics.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.
For more information:
Ann Dempsey
GSI Lumonics Inc.
613-224-4868
Ext. #2
SOURCE GSI Lumonics Inc.
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Company News On-Call:
http://www.prnewswire.com/comp/107189.html
CONTACT:
Ann Dempsey of GSI Lumonics Inc.,
+1-613-224-4868 Ext. 2
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