In July of 2008, Excel Technology Inc was acquired by SBIR firm GSI Group Inc. Excel Technology, Inc. designs, develops, manufactures and markets laser systems and electro-optical components for industry, science, and medicine. The Company's Control Laser subsidiary manufactures and markets industrial laser systems for material marking and engraving, while its Synrad subsidiary manufactures a range of sealed CO2 lasers for cutting, marking, drilling or other machining applications for a variety of materials. Another subsidiary manufactures high speed mirror positioning components and sub-systems used to direct laser energy, while its Quantronix subsidiary manufactures and markets Defect Repair Systems (DRS) which are laser based systems for use in semiconductor production. The Company's Optical subsidiary specializes in the manufacture of custom precision optical flats, while the Photo Research subsidiary is involved in high precision electro-optical instrumentation and systems for light and color measurement.