I was able to use this opportunity to finally get in....Here is a response from GSLI that they put out today.
(PR NEWSWIRE) GSI Lumonics Inc. Responds to Patent Infringement Claim
GSI Lumonics Inc. Responds to Patent Infringement Claim
KANATA, Ontario, Canada, March 17 /PRNewswire/ -- GSI Lumonics Inc.
(Nasdaq: GSLI; Toronto: LSI) today announced it has recently been named in a
patent infringement suit by Electro Scientific Industries (Nasdaq: ESIO).
Based on extensive research by GSI Lumonics, and the opinion of outside
counsel received in April 1999, the company believes it does not infringe on
ESI's U.S. patent 5,847,960 titled "Multi-Tool Positioning System". GSI
Lumonics also believes the claims by ESI are totally without merit.
GSI Lumonics has the number one market position in laser via hole drilling
with its flagship GS600 system. The company is confident that its technology
is proprietary and will move quickly to bring this matter to closure.
The company regrets if its customers and shareholders have been distracted
by this claim.
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, automotive, medical, aerospace and telecommunications industries.
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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