GSI Lumonics Announces a Large Order for Laser Trim Systems
July 12 2004 - 5:01PM
PR Newswire (US)
GSI Lumonics Announces a Large Order for Laser Trim Systems
BILLERICA, Mass., July 12 /PRNewswire-FirstCall/ -- GSI Lumonics
Inc.,
(NASDAQ:GSLINASDAQ:andNASDAQ:TSX:NASDAQ:GSINASDAQ:{previouslyNASDAQ:tradedNASDAQ:underNASDAQ:theNASDAQ:symbolNASDAQ: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 DATASOURCE: GSI Lumonics Inc.
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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