BEDFORD, Mass., Nov. 3 /PRNewswire-FirstCall/ -- GSI Group Inc.
(Nasdaq: GSIG) today announced that, effective October 28 2008, Robert Bowen
resigned from his position as Chief Financial Officer of GSI. The Company is
currently finalizing an agreement with Mr. Bowen regarding the terms of his
resignation.
About GSI Group Inc.
GSI Group Inc. supplies precision technology to the global medical,
electronics, and industrial markets and semiconductor systems. GSI Group
Inc.'s common shares are listed on Nasdaq (GSIG).
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, Section 27A of the United States Securities Act
of 1933 and Section 21E of the United States Securities 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," "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, risks of currency fluctuations, 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 integrate acquisitions,
changes in applicable accounting standards, tax regulations or other external
regulatory rules and standards, 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.
You are encouraged to review the risk factors detailed in the Company's 10-K
filed with the SEC. The Company does not 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.
For more information:
Sergio Edelstein
GSI Group Inc.
+1-781-266-5700
