KANATA, Ontario, Canada, Jan. 3 -- GSI Lumonics Inc. announces the receipt of multiple orders received in December for additional M430 WaferRepair Systems from one of the world’s leading semiconductor producers. The total value of these orders is greater than $7 million. Supporting both 300mm and 200mm wafers, the M430 features industry-leading precision and throughput for processing advanced SRAM, DRAM, logic and System-on-a-Chip devices. Two of the systems were installed in December and the remainder will be shipped in the first quarter of this year. "While this does not mean the downturn in the semiconductor industry has ended, our laser systems have been judged leading technology by the industry’s leaders", said Charles Winston, President & CEO. "It gives us confidence that GSI Lumonics will fare well as the technology leaders continue to invest in new production tools for production of memory chips."
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 industrial manufacturing markets, as well as precision optics for telecommunications. GSI Lumonics' common shares are listed on Nasdaq (GSLI) and The Toronto Stock Exchange (LSI).
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 volatility 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 on Form 10-K and Quarterly Reports on Form 10-Q.
For more information contact: Fran Crecco, Investor Relations 978-439-5511 (ext: 6104) or email firstname.lastname@example.org