GSI Lumonics Announces Multi-Unit Order from Japanese DRAM Manufacturer for Memory Repair Systems
November 04 2004 - 4:01PM
PR Newswire (US)
GSI Lumonics Announces Multi-Unit Order from Japanese DRAM
Manufacturer for Memory Repair Systems BILLERICA, Mass., Nov. 4
/PRNewswire-FirstCall/ -- GSI Lumonics Inc.
(NASDAQ:GSLINASDAQ:andNASDAQ:TSX:NASDAQ:GSI) announces the receipt
of an order for multiple memory repair systems from a semiconductor
DRAM manufacturer in Japan. The sale is for approximately $5.8
million (U.S. dollars). The systems will be delivered in the fourth
quarter of 2004. GSI Lumonics is a leading supplier of memory
repair systems to the semiconductor industry. This sale is a repeat
order from an established customer. "We are pleased that GSI
Lumonics and our memory repair products have again been selected to
meet the DRAM production needs of our customers," said Nino
Federico, Vice President and General Manager of GSI Lumonics' Laser
Systems Division. 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/. 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, Inc. CONTACT:
Ann Dempsey of GSI Lumonics Inc., +1-613-224-4868, Ext. 2 Web site:
http://www.gsilumonics.com/ Company News On-Call:
http://www.prnewswire.com/comp/107189.html
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