This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GSI Group's Continuum Business Awarded Major Scientific Laser Program

BEDFORD, Mass., March 13, 2012 /PRNewswire/ -- GSI Group Inc. (NASDAQ: GSIG) (the "Company" or "GSI"),  a global leader and supplier of laser-based solutions, laser scanning devices and precision motion and optical control technologies to global electronics, industrial, medical, and scientific markets, today announced that its Continuum laser business, a leading producer of high energy laser products to scientific and industrial markets, has been awarded a $4.8 million contract with the French National Center for Scientific Research (CNRS) for the delivery of a 400 Joule amplifier section that will be used as part of the Apollon high energy laser program developed by the Institut de la Lumiere Extreme (ILE).  Apollon is designed to be the world's first 10 petawatt femtosecond pulsed output Sapphire laser system.

(Logo:  http://photos.prnewswire.com/prnh/20120305/NE64445LOGO )

The award comes as the result of a four-year program, funded in part by the French Government, to develop a compact, high energy laser pump module operating at typical repetition rates approximately 20 times faster than the repetition rate of conventional high energy laser glass pump modules.

The program award reflects the joint efforts of GSI's Continuum team, Laboratory of Laser Energetics, and National Energetics.  National Energetics is based in Austin Texas and was founded by the foremost authorities in chirped pulse amplification (CPA) technology.  The Laboratory for Laser Energetics (LLE) of the University of Rochester, in New York, is a unique national resource for research and education in science and technology.

"This was a team effort involving the best of cooperation between industry, government labs and academic institutions," said Dr. Laurence Cramer, President of GSI's Continuum business. 

"We are very pleased to be awarded this business, which recognizes our role as a global leader in large, high power, scientific laser systems, and positions us well for future opportunities on other similar programs," said John A. Roush, CEO of GSI Group Inc.



1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,985.61 +78.99 0.47%
S&P 500 1,972.83 +9.12 0.46%
NASDAQ 4,419.0340 +27.5710 0.63%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs