Asyst Signs Agreement with FASTech Integration; Asyst Technologies enhances single-source fab automation capability.FREMONT, Calif.--(BUSINESS WIRE)--Nov. 12, 1996--Asyst Technologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ASYT), the leading supplier of SMIF-based technology and automation solutions to the worldwide semiconductor industry, today announced its subsidiary Asyst Software Inc. (ASI ASI, n See Anxiety Sensitivity Index. ) has signed a joint marketing agreement with FASTech Integration Inc. (FASTech) (Lincoln, Mass.), a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that is the leading supplier of factory automation software tools for the semiconductor manufacturing industry. Under terms of the agreement, ASI now has the capability to offer FASTech's software products as part of the company's fab automation solutions to new or existing customers around the world. With this agreement, Asyst Technologies, through its subsidiaries, Asyst Automation and ASI, strengthens its position as a single-source fab automation provider. The new agreement enables ASI to offer a broader range of fab integration solutions. Adding FASTech's technology to ASI's extensive systems integration resources, Asyst is able to provide chipmakers one-stop shopping for fab automation. Bill Leckonby, ASI president, noted, "Our goal is to help our customers increase yields and lower manufacturing costs through powerful software products and comprehensive systems integration services. Utilizing FASTech's proven software tools elevates our implementation efficiency while providing our customers a flexible platform for future upgrades or enhancements." Making FASTech's re-usable software modules and applications readily available, the agreement vastly improves ASI's fab automation capabilities. This strategy will reduce the amount of custom software engineering required for each implementation, which results in shorter cycle times, lower costs and increased system reliability. Jim Pelusi, FASTech's president and chief executive officer, explained the industrial benefit of the agreement. "The demand for turn-key fab automation solutions is increasing," observed Pelusi. "The combination of our software tools and Asyst's systems integration resources will provide the semiconductor industry with a set of products that are configurable and re-configurable." ASI officials report that FASTech's Grapheq products, the industry's leading equipment interface software, are currently being used by ASI to execute fab automation projects. ASI will offer FASTech products as part of Asyst's fab automation solutions. About Asyst Asyst Technologies Inc. is a leading provider of material control and automation systems that help semiconductor manufacturers improve their integrated circuit integrated circuit (IC), electronic circuit built on a semiconductor substrate, usually one of single-crystal silicon. The circuit, often called a chip, is packaged in a hermetically sealed case or a nonhermetic plastic capsule, with leads extending from it for (IC) manufacturing productivity. The company's Asyst-SMIF System combines state-of-the-art minienvironments with advanced robotics to create ultraclean processing environments that are both comprehensive and flexible. The SMART-Traveler System (STS (Synchronous Transport Signal) The electrical equivalent of the SONET optical signal. In SDH, the European counterpart of SONET, STS is known as STM (Synchronous Transport Module). ) works in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with SMIF SMIF Standard Mechanical Interface SMIF Stream-based Model Interchange Format SMIF Shared Materials Instrumentation Facility (Duke University) SMIF Stanford Management Internship Fund SMIF SMAD4-Interacting Transcription Factor to eliminate misprocessing. Both Asyst-SMIF and its companion STS products are integral to seamless factory automation. Asyst's subsidiary, Asyst Automation Inc., focuses on material handling control software and inter-bay/intra-bay automation systems. The company's newest subsidiary, Asyst Software Inc., is dedicated to the development of software products for equipment communications and automated material handling, identification and tracking. Founded in 1984, Asyst Technologies Inc. is headquartered in Fremont, with facilities in Europe and the Far East. Asyst Automation Inc. is located outside Boston, with Asyst Software located in San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif. The company's common stock trades on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol ASYT. CONTACT: Asyst Technologies Inc. Lisa Garcia, 510/661-5000 (Media) or Doug McCutcheon, 510/661-5000 (Investors) or MCA MCA in full Music Corporation of America Entertainment conglomerate. It was founded in Chicago in 1924 by Jules Stein as a talent agency. In the 1960s it bought Decca Records and Universal Pictures, and today it produces films, music, and television shows. Inc. Vincent Mayeda, 415/968-8900 |
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