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.
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV