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Technology Stocks : GSLI Lumonics -- Ignore unavailable to you. Want to Upgrade?

To: Pink Minion who wrote (205)	5/24/2000 2:15:00 PM
From: Ram Seetharaman	Read Replies (1) \| Respond to of 328

Wednesday May 24, 11:51 am Eastern Time Company Press Release SOURCE: GSI Lumonics Inc. GSI Lumonics' Adds Another $8.7 Million in Laser System Orders, Cites Strong Broad-based Applications Demand KANATA, Ontario, May 24 /PRNewswire/ -- GSI Lumonics Inc., (Nasdaq: GSLI, Toronto: LSI) today announced that it has recently received an order for $8.7 million from a customer for laser systems to process semiconductor circuits used in computer and communications applications. The global market leader in laser systems for processing semiconductor circuits, GSI Lumonics provides enabling technology for semiconductor manufacturers to laser-adjust linear and mixed signal devices, optimizing circuit performance and maximizing value for the part. ``This order reflects the continuing strength of the linear and mixed signal segment of the semiconductor industry,'' said Charles D. Winston, President & CEO, GSI Lumonics. ``We are very pleased that leading customers continue to recognize the exceptional value that our systems add to their manufacturing processes.'' GSI Lumonics also delivers a wide range of laser-based solutions for processing components, circuits and printed circuit board assemblies. GSI Lumonics Inc. brings laser-based automated advanced manufacturing systems and components to leading industrial companies worldwide. The Company supplies products and services to the semiconductor, electronics and automotive, as well as precision optics for telecommunications. GSI Lumonics' common shares are listed on Nasdaq (GSLI) and The Toronto Stock Exchange (LSI). The Company's web site address is www.gsilumonics.com. For more information: Fran Crecco 978-439-5511 ext 6104 To the extent this new 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 Company's 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 Company, similar risks to the Company of delays in its new products and other risks detailed in the Company's' Annual Reports and Quarterly Reports. SOURCE: GSI Lumonics Inc.