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GSI Group Reaffirms Guidance

30 October 2005

GSI Group Inc., ;(Nasdaq: GSIG and TSX: GSI) notes the recent sharp increase in trading volume ;over the past several days. The Company confirms that there is no change in ;the Company's business fundamentals and recent guidance. GSI Group Inc. supplies precision motion control components, lasers and ;laser-based advanced manufacturing systems to the global medical, ;semiconductor, electronics, and industrial markets. GSI Group Inc's common ;shares are listed on Nasdaq (GSIG) and The Toronto Stock Exchange (GSI). The ;Company's web site address is http://www.gsig.com. ; 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. GSI-G ; For more information: Raymond Ruddy GSI Group Inc. +1-978-439-5511 Ext. 6170 ; ; ;

Source: PR Newswire


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