GSI Lumonics Announces Major Order for Laser Trim Systems
January 06 2004 - 4:01PM
PR Newswire (US)
GSI Lumonics Announces Major Order for Laser Trim Systems
BILLERICA, Mass., Jan. 6 /PRNewswire-FirstCall/ -- GSI Lumonics
Inc., announces the receipt of an order for multiple WaferTrim(TM)
M310 systems from a US-based integrated circuit (IC) manufacturer.
The total value of this order is approximately $6 million. The
order closely follows a similar order announced on December 19,
2003. The systems will be delivered in the first quarter of 2004.
Laser trim is a critical tool used in the production of precision
linear and mixed signal devices with increased functionality on
smaller geometry die. It assists in the process to produce multiple
devices from the same die. "Recent strong demand from a variety of
markets, including automotive and for new consumer electronic
devices, has translated into a need for precise, reliable laser
trim," said Nino Federico, GSI Lumonics Vice President and General
Manager of the company's Laser Systems Division. "GSI Lumonics is
pleased to have again been selected as the vendor of choice for
laser trim systems." 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). The Company's web site
address is http://www.gsilumonics.com/. For more information: Ann
Dempsey GSI Lumonics Inc. 613-224-4868 Ext. 5632 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. DATASOURCE: GSI Lumonics CONTACT: Ann
Dempsey of GSI Lumonics Inc., +1-613-224-4868 Ext. 56 Company News
On-Call: http://www.prnewswire.com/comp/107189.html
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