Asyst Technologies Makes First Customer Shipments from Solectron Facilities in Singapore.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--March 5, 2003 Asyst Technologies, Inc., (Nasdaq:ASYT) today announced the achievement of a significant milestone in its transition to outsourced manufacturing with the first customer shipments from Solectron Corporation's facilities in Singapore. Asyst announced its intention to outsource its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. in September 2002. In October, Solectron's Shinei International subsidiary began manufacturing using former Asyst manufacturing personnel and Asyst's facilities in Fremont, Calif. Over the succeeding weeks, working closely with Asyst supply chain managers, Shinei integrated the knowledge and techniques necessary to successfully transition the first Asyst products to Shinei's new, state-of-the-art clean-room manufacturing facility in Singapore. Fred Tiso, Asyst's senior vice president, manufacturing operations, said, "We shipped our first products out of Singapore exactly four months from the day that our transition began. This is a powerful achievement, and testament to the skills and dedication of our new supply chain organization at Asyst and at Solectron. Our transition is on schedule, with the vast majority of our U.S.-manufactured product families expected to begin shipping out of Singapore by the end of the current quarter. We expect to see the first tangible benefits of the transition - both for Asyst and our customers - during the quarter ending June 2003. As the model gains momentum, we believe that customers will experience not only enhanced levels of quality and on-time delivery, but also accelerated innovation as Asyst sharpens its focus on advanced automation product development." Sharon Matthews, Solectron corporate vice president, systems solutions, said, "As Asyst's sole manufacturing services partner, Solectron is excited to be an integral part of this important milestone. We appreciate Asyst's commitment to superior quality and on-time delivery -- and we will continue to deliver the high level of service that Asyst and its customers worldwide have come to expect." 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 wafers compressed roughage in flat plates useful for feeding to animals in transit. during the manufacture of integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. , or ICs. Encompassing isolation systems, work-in-process materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, , substrate-handling robotics robotics, science and technology of general purpose, programmable machine systems. Contrary to the popular fiction image of robots as ambulatory machines of human appearance capable of performing almost any task, most robotic systems are anchored to fixed positions , automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. transport and loading systems, and connectivity automation software, Asyst's modular, interoperable The ability for one system to communicate or work with another. See interoperability. 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 http://www.asyst.com "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended March 31, 2002 and other reports filed with the Securities and Exchange Commission. |
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