Asyst Technologies Receives Multimillion-Dollar Order From China's Grace Semiconductor.Business Editors/High-Tech Writers FREMONT, Calif.--(BUSINESS WIRE)--Aug. 15, 2002 Grace Win Marks Continuation of Asyst's Total-Automation Market Leadership in Emerging China Market Asyst Technologies, Inc. (Nasdaq:ASYT), a leading provider of integrated automation solutions that maximize the productivity of semiconductor manufacturing, today announced it has received a multimillion-dollar order from Grace Semiconductor Manufacturing Corp. (GSMC GSMC Great Smoky Mountain Council (Knoxville, Tennessee boy scouts) GSMC Global System for Mobile Communication GSMC Geospatial Standards Management Committee GSMC Ghana State Mining Corporation ) of Shanghai, China. Asyst is the leading provider to China of standard mechanical interface (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 )-based isolation products for semiconductor-manufacturing automation, having won essentially all of this business to date from the region's two other semiconductor-manufacturing customers. Dr. Winston Wong Wong is the eldest son of Wang Yung-ching, chair of the Formosa Plastics Group (FPG), by his second wife. Wong is married, with two children, and holds degrees in physics, applied optics, and chemical engineering. , 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 GSMC, said, "GSMC is committed to being among the most efficient and competitive manufacturers of semiconductors. We selected Asyst because of their proven market-share leadership in 200mm isolation and work-in-process management products and their strong record of support and service throughout Asia." Ken Leung Ken Leung (born January 21, 1970) is an American actor. Leung was born in New York City, New York and initially raised in the Two Bridges section of the Lower East Side of Manhattan. , president, Asia-Pacific, for Asyst, said, "We are pleased and proud that Grace Semiconductor has chosen Asyst as its automation partner for its first fab. This win further validates our leadership position as the primary supplier of SMIF products to the China market." Because Grace is expected to accept equipment in phases over the next 18 months, Asyst will only book a portion of the order in its current fiscal quarter ending Sept. 30, 2002, with the remainder booked in subsequent quarters. Asyst is the world's leading supplier of 200mm wafer isolation (SMIF) and wafer-lot tracking technology, with an estimated market share in excess of 80 percent worldwide. In the foundry market, Asyst shipped its first SMIF products to a major Taiwanese foundry in 1989, and since that time, essentially every major foundry in the world has adopted the company's technology. In early 2001, the company received its first order from China, for the first China fab established by a major North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. microelectronics manufacturer. 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 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, 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 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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