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Asyst Appoints Richard Janney as Interim Chief Financial Officer

2008-08-06 05:00:00

Asyst Appoints Richard Janney as Interim Chief Financial Officer

FREMONT, Calif.–(EMWNews)–Asyst Technologies, Inc. (Nasdaq:ASYT) today announced that it has

appointed Richard H. Janney as interim Chief Financial Officer. He

succeeds current CFO Michael A. Sicuro, who is leaving Asyst to become

CFO of a large healthcare company. Sicuro will continue to serve as CFO

through the filing of the companys financial

reports for the quarter ended June 30, 2008. The company will conduct a

search for a permanent CFO.

Janney, age 49, is currently a consultant. From September 2006 through

January 2007, he served as interim Chief Financial Officer for Asyst,

and from March 2007 to March 2008, he served as Vice President, Finance

of the company. From 2004 to September 2006, Janney served as Engagement

Manager for Jefferson Wells, a global provider of professional services

in the areas of risk management, controls, compliance, and financial

process improvement. In that capacity, Janney and other consultants from

Jefferson Wells worked closely with the company, advising Asyst on its

internal controls and processes relating to its financial reporting.

From 2002 to 2004, he served as an executive consultant providing

financial, accounting and consulting services to a variety of companies.

From 2000 to 2002 he was Chief Financial Officer for ZeBU, Inc., a

privately held enterprise solution, web-enabled database software

company. Before joining ZeBU, he served as Chief Financial Officer for

Cholestech Corporation, a publicly-held medical diagnostic equipment

manufacturer. Mr. Janney began his career with Price Waterhouse, LLP,

serving most recently as Audit Manager.

Stephen S. Schwartz, chairman and CEO of Asyst, said, Mike

Sicuro has built a solid, deep finance team in the U.S. and Japan, and

leaves us well equipped to manage the day-to-day financial operations of

the company. We are pleased to bring aboard Richard Janney, a strong

financial executive who knows the company well. We also have a superior

executive team that will continue to manage and lead their critical

areas of responsibility, including the development and penetration of

new products and manufacturing cost reduction.

About Asyst

Asyst Technologies, Inc. is a leading provider of integrated automation

solutions that enable semiconductor and flat panel display (FPD)

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.

Forward Looking Statements

Except for statements of historical fact, the statements in this release

are forward-looking. 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, our ability to attract and retain senior financial

executives and personnel necessary to manage effectively our internal

financial operations; our ability to develop and penetrate new products

and achieve targeted manufacturing cost reductions; our customers

acceptance of our new products; the fact that personnel changeover

within our financial reporting operations could comprise a material

weakness in the companys internal control

over financial reporting, which could prevent the company from timely

meeting its future reporting requirements or obligations to maintain

effective internal control; distraction of management’s attention from

our operations; volatility in our stock price pending resolution of or

resulting from the matters discussed above and other factors more fully

detailed in the company’s annual report on Form 10-K for the year ended

March 31, 2008, and other reports filed with the Securities and Exchange

Commission.

Asyst is a

registered trademark of Asyst Technologies, Inc. Copyright 2008, Asyst

Technologies, Inc. All rights reserved.

Asyst Technologies, Inc.
John Swenson, 510-661-5000

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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