NEWS:
GSI Lumonics Announces $1.5 Million in Capacity Expansion Orders For Linear and Mixed Signal Trim Systems
GSI Lumonics Announces $1.5 Million in Capacity Expansion Orders For
Linear and Mixed Signal Trim Systems
KANATA, Ontario, Feb 25, 2000 /PRNewswire via COMTEX/ -- GSI Lumonics Inc.
(Nasdaq: GSLI; Toronto: LSI) today announced that it has received an order,
valued at $1.5 million, for Semiconductor Linear and Mixed Signal Trim Systems
to address the capacity requirements of a major North American semiconductor
manufacturer. This order follows quickly on the heels of a recent upsurge in
business for semiconductor trim systems (GSI Lumonics Announces Over $7.5
million in Orders for Laser Trim Systems - January 28, 2000).
Laser Trim Systems allow semiconductor manufacturers to produce complex
precision linear and mixed signal devices on smaller geometry die. Reduced die
size lowers costs and complements industry demands for smaller package sizes
which are driving the explosive growth in new applications for communications,
consumer and personal computer industries.
"GSI Lumonics has captured the dominant share of the semiconductor laser trim
market," said Charles Winston, President & CEO, GSI Lumonics. "We're seeing a
significant increase in business across the entire market space as the demand
for communications and personal electronics products explodes."
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. |
