GSI Group Announces a Large Order for Memory Processing Systems BILLERICA, Mass., June 29 /PRNewswire-FirstCall/ -- GSI Group Inc. (Nasdaq: GSIG; TSX: GSI) announces the receipt of a new order for multiple M450 WaferRepair(TM) memory processing systems from a major Korean semiconductor manufacturer. The total value of this order is expected to be over $6 million. GSI Group is a key supplier of memory processing systems to the industry. "We are pleased to continue supplying laser processing systems that meet our customers' evolving production needs," said Nino Federico, Vice President and General Manager of the GSI Group Laser Systems Division. "The continued adoption of our memory processing technology underscores our strong industry position." The GSI Group WaferRepair memory processing product platform is based on patented innovations that enable manufacturers to dramatically enhance the yield of ever-tightening fuse pitch structures. Tight pitch fuse pitches allow for the achievement of higher performance and higher capacity memory products. GSI Group supplies precision motion control components, lasers and laser- based advanced manufacturing systems to the global medical, semiconductor, electronics, and industrial markets. GSI Group's common shares are listed on Nasdaq (GSIG) and The Toronto Stock Exchange (GSI). The Company's web site address is http://www.gsigrp.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 DATASOURCE: GSI Group Inc. CONTACT: Raymond Ruddy of GSI Group Inc., +1-978-439-5511, ext. 6170 Web site: http://www.gsigrp.com/ Company News On-Call: http://www.prnewswire.com/comp/107189.html

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