Wednesday January 19, 3:26 pm Eastern Time
Company Press Release
SOURCE: GSI Lumonics Inc.
GSI Lumonics Announces an Order for Multiple W670G Laser Trim Systems
KANATA, Ontario, Jan. 19 /PRNewswire/ -- GSI Lumonics Inc. (Nasdaq: GSLI - news; Toronto: LSI - news) today announced an order for multiple W670G Laser Trim Systems from Samsung Electro-Mechanics Co., Ltd. of Suwon, Korea. This latest order continues Samsung's strong investment in its rapidly growing hybrid components business, placing more than $4,000,000 in orders with GSI Lumonics for W670 laser trim systems to support the VCO program.
The W670G combines high-frequency measurement equipment with a leading- edge 'green' laser processing system to meet the forward-looking technology and production requirements for VCO and TCXO printed circuit trim.
''We selected the W670 because it delivers excellent quality results at very high throughput rates'', said Wan Soo Imm, General Manager of Technology at Samsung Electro-Mechanics. ''The W670 is a superior laser trim system with the proven production performance and reliability to manufacture the most advanced electronic devices.''
''We are very pleased with Samsung's continued confidence in our ability to provide world-class process tools and support to meet its increasing level of VCO and TCXO production'', added Charles Winston, President and CEO, GSI Lumonics. ''We especially value the strong business relationship that we have had with Samsung over the years.''
Targeted at demanding micro-machining applications in the Electronics industry, the W670G is the latest addition to the W670 Thick Film Laser Trim System family.
Samsung Electro-Mechanics Co. Ltd. started out in 1973 as a maker of electronic parts and has played a key role in Korea's electronics industry ever since, amassing an impressive bank of technology, which has allowed it to become a global company.
GSI Lumonics Inc. brings laser-based automated advanced manufacturing systems, instrumentation and components to leading industrial companies worldwide. The Company supplies products and service to the semiconductor, electronics, medical, automotive, aerospace and consumer packaging markets. GSI Lumonics' common shares are listed on Nasdaq and The Toronto Stock Exchange. The Company's web site address is www.gsilumonics.com.
For further information:
Fran Crecco
Investor Relations
978-439-5511 (ext: 6104)
To the extent this news release discusses financial projections, information or expectations about GSI Lumonics Inc., products or markets, or otherwise makes statements about the future, such statements are forward looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. The factors include the fact that the companies' 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 continued volatility in Asia and 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 companies, similar risks to the companies of delays in their new products and other risks detailed in the companies' Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.
SOURCE: GSI Lumonics Inc.
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