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GSI Group Announces Corporate Name Change to Novanta Inc.

Date Announced: 12 May 2016

New name represents a shortened version of "the innovation advantage".

BEDFORD, Mass., May 12, 2016 /PRNewswire/ -- GSI Group Inc. (GSIG) (the "Company", "we", "our"), a global leader and supplier of laser products, precision motion, and vision technologies to original equipment manufacturers in the medical and advanced industrial markets, today announced that it has changed its corporate name to Novanta Inc., effective immediately. The Company commenced trading today on the NASDAQ Global Select Market under the name Novanta Inc. and the ticker symbol NOVT (CUSIP Number: 67000B104).

"The corporate name represents more than just our strategic transformation over the last few years.  It also represents our future strategic vision, our commitment to innovation and excellence, and our focus on driving profitable growth," said John Roush, Chief Executive Officer of Novanta Inc. "We are renaming the Company to emphasize our new direction and we intend to build a globally recognizable brand that reinforces our vision and strategy."     

"The name Novanta stands for The Innovation Advantage, as innovation and technical collaboration with customers are at the core of the Company's value proposition, and our new logo signifies our focus on growth," added Mr. Roush.

The Company's shareholders approved the corporate name change at the Company's Annual and Special Meeting of Shareholders on May 10, 2016.  Following the approval of the Company's shareholders, the Company filed Articles of Amendment with the New Brunswick Director of Corporations to change its name to Novanta Inc. 

The Company's web domain will also change to www.novanta.com.

Source: GSI Group

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