Asyst Technologies Names Alan Lowe as Senior Vice President, Global Business Solutions.FREMONT, Calif. -- Asyst Technologies, Inc. (Nasdaq:ASYT), a leading provider of integrated automation solutions that enhance semiconductor and flat panel display A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time manufacturing productivity, today announced that it has named Alan S. Lowe as Senior Vice President, Global Business Solutions. This is a new position that will include, among other responsibilities, worldwide responsibility for definition, development and deployment of the company's Automation Solutions offering, which will utilize capabilities from Asyst Technologies, Asyst Shinko, Inc., and alliance partners. Mr. Lowe, 43, has 20 years' experience in general management, sales and business development for technology companies. From 2000 to 2003, he was president and chief executive officer of Read-Rite Corporation, a manufacturer of thin-film recording heads for disk and tape drives. He was president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Read-Rite from 1997 to 2000. From 1989 to 1997, Lowe served in roles of increasing responsibility at Read-Rite, including senior vice president, customer business units, and vice president, sales. Prior to joining Read-Rite, he served in various sales positions with Microcom Corporation and IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Corporation. He holds bachelor's degrees in computer science and business economics from the University of California, Santa Barbara History The predecessor to UCSB, Santa Barbara State College, focused on teacher training, industrial arts, home economics, and foreign languages. Intense lobbying by an interest group in the City of Santa Barbara led by Thomas Storke and Pearl Chase persuaded the State . Steve Schwartz Dr. Schwartz founded Unitrends in 1989 in Myrtle Beach, South Carolina. Schwartz is considered the initial developer of a data recovery and restoration technique known as bare-metal restore and is recognized in the software industry as the developer of CTAR (Compressing Tape Archiver) and , chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Asyst, said, "Alan Lowe has a proven track record of leading large organizations to increase sales and effectively manage customer relationships in highly competitive environments. Our customers' automation requirements are evolving and expanding because of the unique demands of 300mm manufacturing and the ongoing need for increased productivity. We are the market leader in most of our served markets, and customers increasingly are looking to Asyst for solutions that combine our capabilities in material transport, wafer handling and sorting, material tracking and identification, advanced connectivity software, and automation services. We are excited to enlist an executive of Alan's caliber to lead our integrated response to this emerging market need. He will be an ideal complement to Warren Kocmond, chief operating officer, who will continue to focus the company on manufacturing and delivering products that meet and exceed customer requirements while driving our concurrent efforts to reduce product cost and improve profitability." About Asyst Asyst Technologies, Inc. is a leading provider of integrated automation solutions that enable semiconductor and flat panel display (FPD (1) (Flat Panel Display) See LCD, plasma display, EL display, FED and flat panel display. (2) (Field Programmable Device) An umbrella term for all chips that can be programmed by the customer including SPLDs, CPLDs and FPGAs. See PLD. ) manufacturers to increase their manufacturing productivity and protect their investment in materials during the manufacturing process. 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 chip and FPD manufacturers, as well as original equipment manufacturers, 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 under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 Except for statements of historical fact, the statements in this press release are forward-looking. The forward-looking statements include statements regarding the nature and magnitude of customer requirements and the anticipated roles and contributions of members of the management team. The forward-looking 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 ability to increase sales through the integration of products and services, the unpredictability of sales due to competition and market factors, and other risks described in the company's Form 10-Q Form 10-Q See 10-Q. for the quarter ended June 30, 2005, and 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, 2005. |
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