General Scanning and Lumonics Officially Unite
General Scanning (Watertown, Mass.) and Lumonics (Kanata, Ontario) announced that the organizations are officially united under the name GSI Lumonics Inc.
GSI Lumonics, a $300 million laser-based advanced manufacturing systems company, brings automated systems, instrumentation, components and services to the following industrial markets:
Aerospace
Laser systems are used in Aerospace applications such as precision engine drilling, wire identification and cutting and welding aircraft engine and body components. The Aerospace industry's use of advanced materials such as ceramics and composites, and the need for more powerful and sophisticated engines is driving the demand for laser-based advanced manufacturing systems.
Automotive Manufacturing
Automobile and automotive parts manufacturers applications include 3-D cutting, auto body welding, component identification and on line customization. Lasers offer lower production costs, fast solutions and flexibility on the production line, allowing for increased frequency of model changes, reduced weight and improved vehicle safety.
General Manufacturing
GSI Lumonics is the world's largest manufacturer of laser-based advanced manufacturing systems. We have a laser system to meet your demands, whether cutting, welding, marking or drilling. Whatever your application, our products help you produce better results faster and at a lower cost.
Life Science Products
This includes the ScanArray 3000-5000 Biochip Analysis System, a fluorescent imaging system that captures the full potential of microarray biochips. GSI Lumonics has specifically designed the ScanArray product to meet the challenges of multi-color microarray detection and analysis.
Medical Device Manufacturing
Some industries such as medical device manufacturing have adopted laser-based advanced manufacturing solutions as alternatives to conventional manufacturing techniques. Applications include spot welding of catheters and pacemakers, dental and medical implant welding.
Package Coding
Laser coding and marking systems apply marks on a wide variety of metals, plastics, paper and ceramics at high speed, without contact and without ink. These systems are reliable, flexible, adaptable and allow the user to incorporate off-the-shelf graphics and font software. Laser coding offers total solutions to increased regulation and requirements for batch traceability, particularly in the food, beverage and pharmaceutical industries.
Semiconductor/Electronics Manufacturing
Typical applications include component identification, micro welding, cutting, drilling, silicon wafer marking and wire stripping. Laser-based advanced manufacturing systems are playing an important part in this industry which is being fueled in part by the continued miniaturization of components.
GSI Lumonics' management team is lead by Chief Executive Officer, Charles D. Winston (formerly President and CEO of General Scanning), President and Chief Operating Officer, Warren Scott Nix (formerly President and CEO of Lumonics) and Chief Financial Officer, Desmond J. Bradley, (formerly VP, Finance, and CFO of Lumonics). Robert J. Atkinson is the Chairman of GSI Lumonics having served in the same position with Lumonics.
GSI Lumonics' common shares will be listed on NASDAQ and The Toronto Stock Exchange under new trading symbols: GSLI on NASDAQ and LSI on the TSE. Trading in the common shares of the new company will begin on Wed., March 24, 1999.