GSLI looks great.
GSI Lumonics Announces $1.5 Million in Capacity Expansion Orders For Linear and
/FROM PR NEWSWIRE BOSTON 617-482-5355/
TO BUSINESS AND TECHNOLOGY EDITORS:
GSI Lumonics Announces $1.5 Million in Capacity Expansion Orders
For Linear and Mixed Signal Trim Systems
KANATA, Ontario, Feb. 25 /PRNewswire/ -- 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.
/CONTACT: Fran Crecco, Investor Relations of GSI Lumonics Inc.,978-439-5511,
ext. 6104/
/Company News On-Call: prnewswire.com or
fax,800-758-5804, ext. 107189/
/Web site: gsilumonics.com
Feb-25-2000 21:15 GMT
Symbols:
US;GSLI CA;LSI
Source PRN PR NewsWire
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