Not the first time that's happened:
gsilumonics.com
July 29, 1999
News Release - GSI LUMONICS INC. ANNOUNCES SETTLEMENT
AGREEMENT ON PATENT LITIGATION (Nasdaq: GSLI and TSE: LSI)
Kanata, Ontario, Canada (July 29, 1999): GSI Lumonics Inc. (Nasdaq: GSLI and TSE: LSI) today announced a settlement agreement on patent litigation between General Scanning and Electro Scientific Industries (Nasdaq: ESIO). The terms and conditions of the agreement are confidential. GSI Lumonics has made no payment to Electro Scientific as part of the settlement.
The settlement relating to an action commenced by Electro Scientific on October 20, 1998 in the U.S. District Court for the Northern District of California alleging infringement of three ESIO patents (U.S. Patent Nos. 5,569,398, 5,685,995 and 5,808,272) and seeking an injunction, damages and attorneys' fees. The referenced patents discuss the use of 1.3 micron wavelength lasers in the trimming of certain semiconductor devices. General Scanning denied Electro Scientific's allegations and asserted that the referenced patents were invalid.
GSI Lumonics is not manufacturing or offering for sale laser trimming systems incorporating the use of 1.3 micron wavelength lasers. The litigation and its settlement therefore have no impact on our business.
GSI Lumonics was formed on March 22, 1999 through a merger between General Scanning Inc. of Watertown, MA and Lumonics Inc. of Kanata, ON 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.
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