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Press Release

Asyst
Technologies Updates Guidance For Fourth Fiscal Quarter
Following Sale Of Product Lines To Entegris

FREMONT, Calif., Feb. 11,
2003 - Asyst Technologies, Inc., (Nasdaq NM: ASYT), a leading
provider of integrated automation solutions that maximize the productivity
of semiconductor manufacturing, today provided updated guidance for
its fourth fiscal quarter ending March 31, 2003, based on the sale
of its wafer and reticle carrier (WRC) product lines to Entegris Inc.,
which was announced separately today.
Asyst anticipates that the sale of its WRC business will reduce
expected net sales to the range of $70-$72 million, versus previous
guidance of $75 million, will reduce expected gross margin to the
low end of the guided range of 24-26%, and will drive pro forma
operating expenses to the low end of the guided range of $29-$30
million. Initial proceeds of the transaction will add approximately
$37 million to the company’s current cash balances.
Conference Call Information
Entegris and Asyst will host a conference call to provide additional
details of the agreement today at 5:30 p.m. EST. The call will be
accessible by phone at 913-981-5582, access code 427770 or via webcast
at http://www.asyst.com.
For those who cannot listen to the live broadcast, a replay will
be available shortly after the call at the website or by dialing
888-203-1112, access code 427770 until Feb. 17, 2003
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, or ICs. 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 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” Statement under the Private Securities
Litigation Reform Act of 1995
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, inability to manage cash flows, 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, and other
factors more fully detailed in the company’s annual report
on Form 10-K for the year ended March 31, 2002, and Form 10-Q for
the period ended Sept. 30, 2002, filed with the Securities and Exchange
Commission.
CONTACT:
Investor Contact
John Swenson
Asyst Technologies, Inc.
(510) 661-5000
(510) 661-5166 (fax)
jswenson@asyst.com
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