Asyst Technologies Names Michael A. Sicuro as Chief Financial Officer.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 Michael A. Sicuro as senior vice president and chief financial officer. Richard Janney, who has served as acting CFO See Chief Financial Officer. since Sept. 2006, will remain with the company for a period of time to assure a smooth transition. Sicuro, 48, most recently was chief financial officer for Progressive Gaming International Corp., a publicly traded technology company serving the gaming industry. He previously served as the chief financial officer for public companies Lightspan, Inc. and ITLA ITLA Illinois Trial Lawyers Association ITLA Instituto Tecnológico de las Américas (Spanish; Santo Domingo, Dominican Republic) ITLA International Texas Longhorn Association iTLA Integrated Tunable Laser Assembly Capital. 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 , chief executive officer of Asyst, said, "Asyst has a unique opportunity to leverage its many technical assets for greater growth and profitability in its served markets. To help us capture this opportunity, we sought an executive who could assemble and lead a world-class finance organization and at the same time develop perspectives and build bridges across our entire business. Michael is this type of leader. He has more than 25 years of financial and operating experience in a variety of industries, including substantial experience in growth companies and in larger organizations. We are delighted that he sees the significant opportunity at Asyst and look forward to his immediate contributions as a member of the management team." Prior to joining ITLA Capital, Sicuro was CFO of Blue Cross of California (WellPoint Health Networks) during its approximately $3 billion conversion from non-profit to for-profit status. Prior to Blue Cross, he was the CFO of U.S. Bancorp Mortgage. Previously, Sicuro held senior financial positions with several other multi-billion dollar organizations and was a certified public accountant Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. with Deloitte and Touche. Sicuro serves as a member of the Business Council for the Paralysis Project of America, raising money and awareness for research related to spinal cord injuries Spinal Cord Injury Definition Spinal cord injury is damage to the spinal cord that causes loss of sensation and motor control. Description Approximately 10,000 new spinal cord injuries (SCIs) occur each year in the United States. . He is a native of Warren, Ohio, and received a bachelor's degree in business administration from Kent State University, Ohio. 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 company's opportunities for growth and profitability 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 continue to retain key members of the management team, ability to leverage technical assets for greater growth and profitability in served markets, and other risks described in the company's 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, 2006 and other reports filed with the Securities and Exchange Commission. "Asyst" is a registered trademark of Asyst Technologies, Inc. All Rights Reserved. |
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