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GSI Group Reports Q1 Growth

BioPhotonics
Sep 2014
BEDFORD, Mass., May 13, 2014 — GSI Group Inc., a global supplier of precision photonics and motion control components for medical equipment and advanced industrial markets, saw moderate growth during the first quarter of 2014.

The company reported revenue of $79.1 million for the first quarter this year, a 5.4 percent increase over first-quarter 2013 revenue of $75.1 million.

GSI’s acquisition of Jadak — a provider of optical data collection and machine vision technologies for medical OEMs — earlier this year has already contributed a growth in revenue of 2.9 percent.

The company’s laser products and precision motion segments saw 10 percent and 12 percent increases, respectively, while the medical technologies division was down 5 percent.

The company anticipates continued growth throughout 2014, with an expected increase of 13 to 19 percent in the second quarter, compared to the same period last year.

For more information, visit www.gsig.com.

GLOSSARY
machine vision
Interpretation of an image of an object or scene through the use of optical noncontact sensing mechanisms for the purpose of obtaining information and/or controlling machines or processes.
BiophotonicsBusinessCommunicationsGSI GroupimagingJadakJohn Roushmachine visionMassachusettsOEMoptical dataopticsRapidScanrevenuelasers

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