GSLI Gsi Lumonics Inc. (MM)

GSI Lumonics Announces Multi-System Laser Trim Order from Analog Devices BILLERICA, Mass., March 10 /PRNewswire-FirstCall/ -- GSI Lumonics Inc., announces the receipt of a multi-system order for WaferTrim(TM) M310 systems from Analog Devices, Inc. The systems will be delivered in the first and second quarters of 2004. Laser trim is a critical tool used in the production of precision linear and mixed signal devices with increased functionality on smaller geometry die. It assists in the process to produce multiple device types from the same die. GSI Lumonics is a key supplier of IC trim systems worldwide. "We are pleased that GSI Lumonics has been selected to meet the high precision, volume production trim needs of Analog Devices," said Nino Federico, GSI Lumonics Vice President and General Manager of the company's Laser Systems Division. "This sale again validates GSI Lumonics' position as the industry's vendor of choice for laser trim systems." Analog Devices, Inc. is a world-leading semiconductor company specializing in high-performance analog, mixed-signal, and digital signal processing (DSP) integrated circuits. Their web address is http://www.analog.com/. GSI Lumonics supplies precision motion control components, lasers and laser-based advanced manufacturing systems to the global medical, semiconductor, electronics, and industrial markets. GSI Lumonics' common shares are listed on Nasdaq (GSLI) and The Toronto Stock Exchange (LSI). The Company's web site address is http://www.gsilumonics.com/. For more information: Ann Dempsey GSI Lumonics Inc. 613-224-4868 Ext. 5632 Certain statements in this news release may constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 (the Reform Act), Section 27A of the United States Securities Act of 1933 and Section 21E of the United States Securities and Exchange Act of 1934. These forward-looking statements may relate to anticipated financial performance, management's plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, tax issues and other matters. All statements contained in this news release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan" and "objective" and other similar expressions. Readers should not place undue reliance on the forward-looking statements contained in this news release. Such statements are based on management's beliefs and assumptions and on information currently available to management and are subject to risks, uncertainties and changes in condition, significance, value and effect. Other risks 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, our ability to continue to reduce costs and capital expenditures, our ability to focus R&D investment and other risks detailed in reports and documents filed by the Company with the United States Securities and Exchange Commission and with securities regulatory authorities in Canada. Such risks, uncertainties and changes in condition, significance, value and effect, many of which are beyond the Company's control, could cause the Company's actual results and other future events to differ materially from those anticipated. The Company does not, however, assume any obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking statements. DATASOURCE: GSI Lumonics Inc. CONTACT: Ann Dempsey of GSI Lumonics Inc., +1-613-224-4868 Ext. 5632 Web site: http://www.gsilumonics.com/ Company News On-Call: http://www.prnewswire.com/comp/107189.html

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