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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom? -- Ignore unavailable to you. Want to Upgrade?

To: SemiBull who wrote (2150)	3/10/2003 6:21:33 PM
From: SemiBull	Read Replies (1) \| Respond to of 2313

Asyst-Shinko Completes Installation of $10 Million AMHS System for New 200mm Fab in China Monday March 10, 6:31 am ET Second Major Chinese AMHS Project Affirms Asyst's Leading Automation Market Position in China and Continues Asyst-Shinko's Penetration into 200mm Marketplace FREMONT, Calif.--(BUSINESS WIRE)--March 10, 2003-- Asyst Technologies, Inc. (Nasdaq:ASYT - News) today announced that its majority-owned subsidiary and joint venture partner, Asyst-Shinko Inc. (ASI), has substantially completed installation of a $10 million Automated Materials Handling System (AMHS) in a new 200mm fab in Shanghai, China. This is ASI's second 200mm fab project in China, following closely on the heels of the company's first win, announced in January of this year. Already the leading provider of 300mm AMHS, having won 8 of the 14 300mm AMHS installed to date, Asyst-Shinko has significantly expanded its 200mm capabilities to take advantage of the significant market opportunities in China. ASI also is able to leverage the strong China market position of its U.S. joint venture partner, Asyst Technologies. Asyst is the leading provider to China of standard mechanical interface (SMIF)-based isolation products for semiconductor-manufacturing automation, having won essentially all of this business to date from the five fabs that are operating or under construction by the region's three current 200mm semiconductor-manufacturing customers. About Asyst Asyst Technologies, Inc. is a leading provider of integrated automation systems for the semiconductor manufacturing industry, which enable semiconductor manufacturers to increase their manufacturing productivity and protect their investment in silicon wafers during the manufacture of integrated circuits, or ICs. Encompassing isolation systems, work-in-process materials management, substrate-handling robotics, automated transport and loading systems, and connectivity automation software, Asyst's modular, interoperable solutions allow chipmakers and original equipment manufacturers, or OEMs, to select and employ the value-assured, hands-off manufacturing capabilities that best suit their needs. Asyst's homepage is asyst.com. "Safe Harbor" Statement Except for statements of historical fact, the statements in this press release are forward-looking. Such statements are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include, but are not limited to: the volatility of semiconductor industry cycles, failure to respond to rapid demand shifts, dependence on a few significant customers, the transition of the industry from 200mm wafers to 300mm wafers, risks associated with the acceptance of new products and product capabilities, competition in the semiconductor equipment industry, failure to efficiently integrate acquired companies, failure to retain employees, losses of market share, and other factors more fully detailed in the Company's annual report on Form 10-K for the year ended March 31, 2002 and other reports filed with the Securities and Exchange Commission. -------------------------------------------------------------------------------- Contact: Asyst Technologies, Inc. Pamela Mah, 510/661-5000 (Media) pmah@asyst.com John Swenson, 510/661-5000 (Investors) jswenson@asyst.com or Guerrant Associates (for Asyst) Laura Guerrant, 808/882-1467 (Investors) lguerrant@guerrantir.com -------------------------------------------------------------------------------- Source: Asyst Technologies, Inc.