GSLI Gsi Lumonics Inc. (MM)

GSI Lumonics Announces an Order from Elpida for Memory Processing Systems BILLERICA, Mass., June 7 /PRNewswire-FirstCall/ -- GSI Lumonics Inc., (NASDAQ:GSLINASDAQ:andNASDAQ:TSX:NASDAQ:LSI) announces the recent order of multiple WaferRepair(TM) M430 memory repair systems to Elpida Memory Inc., a leading semiconductor manufacturer in Japan. The systems will be used to enhance yield during the production of advanced DRAM devices. A portion of this order is expected to be delivered in the second quarter of 2004. GSI Lumonics has been a key supplier of memory repair systems to Elpida since 2002. "We are pleased that Elpida continues to choose GSI Lumonics systems to meet its production needs," said Nino Federico, Vice President and General Manager of the GSI Lumonics' Laser Systems Division. The GSI Lumonics M430 memory repair system is based on patented innovations that enable manufacturers such as Elpida to design tighter fuse pitch structures, which allows the achievement of higher performance on smaller die at a lower cost. The result is higher performance and higher capacity memory products. Elpida Memory, Inc. is a manufacturer of Dynamic Random Access Memory (DRAM) with headquarters based in Tokyo, Japan, and sales and marketing operations located in Japan, North America, Europe and Asia. Elpida offers a broad range of leading-edge DRAM products. Elpida is a joint venture company formed by NEC and Hitachi on December 20, 1999 and has been in operation since April 2000. 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.2# 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.2 Company News On-Call: http://www.prnewswire.com/comp/107189.html

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