Net sales for the fiscal fourth quarter were $127 million, up from $126 million in the prior sequential quarter. Net sales of automated material handling systems (AMHS) were $82 million, up 5% from $78 million in the prior sequential quarter. Net sales of other tool and fab automation solutions were $45 million, down 6% from $48 million in the prior sequential quarter. Gross margins increased in both business units, leading to consolidated gross margin of 32% for the fiscal fourth quarter, up from 30% in the prior sequential quarter.

For the fiscal fourth quarter, net income according to GAAP was $3.4 million, or $0.07 per share, which compares with a net loss of $0.2 million, or less than $0.01 per share, in the prior sequential quarter. GAAP net income for the quarter includes the benefit of approximately $4.0 million, or $0.08 per share, related to the implementation of a new tax structure for the full fiscal year 2007.

Non-GAAP net income for the fiscal fourth quarter, which excludes the net impact of intangibles amortization, stock-based compensation expense, and restructuring charges, was $8.4 million, or $0.17 per share. Non-GAAP net income for the quarter includes an estimated $3.0 million, or $0.06 per share, related to the tax structure impact attributable to the first three quarters of fiscal 2007. In the prior sequential quarter, non-GAAP net income was $5.9 million, or $0.12 per share.

Net bookings for the quarter were $134 million, up 20% from $112 million in the prior sequential quarter. The company's overall book-to-bill ratio was 1.1 and backlog as of the end of the quarter increased to approximately $195 million.

Steve Schwartz, chairman and chief executive officer of Asyst, said, "We continued to drive operational performance in the fiscal fourth quarter. Gross margins across the business returned to our current target operating range. We also finalized and announced our new global organizational structure, which we believe will be a platform for tighter integration of our product and sales activities, better utilization of our global supply chain capabilities, and greater efficiencies throughout the company. We believe that sales related to semiconductor AMHS are sustainable at approximately current levels for the remainder of the calendar year, as demand for our AMHS solutions reflects customers' longer term capacity plans. We expect demand for our other tool and fab automation solutions to largely track with the broader equipment industry. Finally, we continue to see potential for increased flat panel display activity near the end of our current fiscal year."

Commenting on the company's financial performance and outlook, Michael A. Sicuro, chief financial officer, said, "The improved gross margin in the fiscal fourth quarter was the result of favorable AMHS project mix and continued positive momentum in our supply chain programs. Although we expect some measure of continued volatility in our AMHS gross margins due to project mix, we believe that our AMHS cost estimation accuracy is improving and that we will continue to reduce the volatility of AMHS gross margins over time."

The company provided the following guidance for the fiscal first quarter ending June 30, 2007:

• Net sales for the fiscal first quarter are expected to be in the range of flat to down 5%.
• GAAP net income (loss) is expected to be in the range of breakeven to a loss of $0.03 per share.
• Non-GAAP net income for the fiscal first quarter is expected to be in the range of $0.05 to $0.08 per share, including the impact of approximately $0.03 to $0.04 per share of stock-based compensation expense. (In prior periods, the company excluded stock-based compensation expense in its calculation of non-GAAP net income. Accordingly, comparisons of this guidance to prior period results may not be meaningful.)
• In calculating non-GAAP net income, the company expects to exclude:
  • $3.5 million of intangibles amortization, net of taxes
  • $0.5 million of restructuring charges

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

Conference Call Details
The live conference call discussing these results is available today at 5:00 pm eastern time by dialing 303-205-0044. A live webcast of the conference call is publicly available on Asyst's website at http://www.asyst.com and accessible by going to the investor relations page and clicking on the "webcast" link. For more information, including this press release, any non-GAAP financial measures that may be discussed on the webcast as well as the most directly comparable GAAP financial measures and a reconciliation of the difference between those GAAP and non-GAAP financial measures, as well as any other material financial and other statistical information contained in the webcast, please visit Asyst's website at www.asyst.com. A replay of the Webcast may be accessed via the same procedure. In addition, a standard telephone instant replay of the conference call is available by dialing (303) 590-3000, followed by the passcode 11088950#. The audio instant replay is available from May 10 at 7:00 pm Eastern Time through May 24 at 2:59 a.m. Eastern Time.

About Our Non-GAAP Operating Results and Adjustments
To supplement our consolidated financial results prepared under generally accepted accounting principles ("GAAP"), we use a non-GAAP measure of operating results that is GAAP net income (loss) adjusted to exclude certain costs, expenses and gains. Our non-GAAP net income (loss) gives an indication of our baseline performance before gains, losses or other charges that are considered by management to be outside of our core operating results. In addition, our non-GAAP net income (loss) is among the primary indicators management uses as a basis for planning and forecasting future periods. This measure is not in accordance with, or an alternative for, GAAP and may be materially different from non-GAAP measures used by other companies. We compute non-GAAP net income (loss) by adjusting GAAP net income (loss) for the impact of amortization of acquisition-related intangibles, restructuring and impairment charges, costs related to events outside the normal course of business, and other non-cash charges and gains. The presentation of this additional information should not be considered in isolation or as a substitute for net income (loss) prepared in accordance with GAAP.

Forward Looking Statements
Except for statements of historical fact, the statements in this release are forward-looking. The forward-looking statements include statements regarding future financial results; and other factors more fully detailed in the company's annual report on Form 10-K for the year ended March 31, 2006, as amended on Form 10-K/A, and other reports filed with the Securities and Exchange Commission. 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: uncertainties whether the expected range of results discussed above will change as Asyst finalizes and files its financial statements; uncertainties arising from our inability to maintain effective internal control over financial reporting; the impact of lawsuits or other proceedings initiated in relation to the company's prior stock option grant practices; uncertainty that these or other matters could comprise a material weakness in the Company's internal control over financial reporting, which could prevent the company from timely meeting its future reporting requirements or obligations to maintain effective internal control; the volatility of semiconductor industry cycles; our ability to achieve forecasted revenues, margins and profits; failure to respond to rapid demand shifts; dependence on a few significant customers; the timing and scope of decisions by customers to transition and expand fabrication facilities and investment in fab automation equipment; our ability to maintain or expand market share in our product segments; our ability to improve gross margins through product cost reduction and supply chain initiatives; continued risks associated with the acceptance of new products and product capabilities; the risk that customers will delay, reduce or cancel planned projects or bookings and thus delay recognition or the amount of our anticipated revenue; competition in the semiconductor equipment industry and specifically in AMHS; failure to retain and attract key employees; and other factors more fully detailed in the company's annual report on Form 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.

                       ASYST TECHNOLOGIES, INC.
                CONDENSED CONSOLIDATED BALANCE SHEETS
                      (Unaudited; in thousands)

                                                 March 31,  March 31,
                                                   2007       2006
                                                 ---------- ----------

ASSETS
CURRENT ASSETS:
  Cash, cash equivalents and short-term
   investments                                   $  99,701  $ 109,926
  Accounts receivable, net                         125,889    141,453
  Inventories                                       51,511     33,219
  Prepaid expenses and other                        28,460     26,831
                                                 ---------- ----------
      Total current assets                         305,561    311,429
                                                 ---------- ----------

LONG-TERM ASSETS:
  Property and equipment, net                       25,138     23,108
  Goodwill                                          83,723     58,840
  Intangible assets, net                            41,994     19,334
  Other assets                                       6,614      2,583
                                                 ---------- ----------
      Total long-term assets                       157,469    103,865
                                                 ---------- ----------

Total assets                                     $ 463,030  $ 415,294
                                                 ========== ==========

LIABILITIES, MINORITY INTEREST AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
  Short-term loans and notes payable             $   1,453  $   1,443
  Current portion of long-term debt and capital
   leases                                            9,408      1,368
  Accounts payable                                 101,287     88,785
  Accrued liabilities                               84,504     62,902
  Deferred revenue                                  10,880      5,335
                                                 ---------- ----------

      Total current liabilities                    207,532    159,833
                                                 ---------- ----------

LONG-TERM LIABILITIES:
  Convertible notes                                 86,250     86,250
  Long-term debt and capital leases, net of
   current portion                                  49,703        918
  Deferred tax and other long-term liabilities      24,734     14,093
                                                 ---------- ----------

      Total long-term liabilities                  160,687    101,261
                                                 ---------- ----------

MINORITY INTEREST                                      130     66,521
                                                 ---------- ----------

SHAREHOLDERS' EQUITY:                               94,681     87,679
                                                 ---------- ----------

Total liabilities, minority interest and
 shareholders' equity                            $ 463,030  $ 415,294
                                                 ========== ==========

                       ASYST TECHNOLOGIES, INC.
           CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
           (Unaudited; in thousands, except per share data)

                               Three Months Ended      Year Ended
                               March 31, March 31, March 31, March 31,
                                  2007      2006      2007      2006
                               --------- --------- --------- ---------

NET SALES                      $126,708  $110,351  $492,473  $459,221
COST OF SALES                    85,670    68,239   337,752   297,975
                               --------- --------- --------- ---------
Gross profit                     41,038    42,112   154,721   161,246
                               --------- --------- --------- ---------
OPERATING EXPENSES:
  Research and development        8,896     7,351    34,575    27,913
  Selling, general and
   administrative                23,565    21,756    87,234    84,503
  Amortization of acquired
   intangible assets              5,784     3,464    20,245    16,590
  Restructuring charges
   (credits)                        208         -     1,992       (46)
                               --------- --------- --------- ---------
  Total operating expenses       38,453    32,571   144,046   128,960
                               --------- --------- --------- ---------

   Operating income               2,585     9,541    10,675    32,286

   Other income (expense), net     (408)       14    (2,608)      953
                               --------- --------- --------- ---------

Income before provision for
 income taxes and minority
 interest                         2,177     9,555     8,067    33,239
BENEFIT FROM (PROVISION FOR)
 INCOME TAXES                     1,214    (2,636)   (6,447)  (18,746)
MINORITY INTEREST                    (1)   (4,482)   (1,761)  (14,597)
                               --------- --------- --------- ---------

NET INCOME (LOSS) PRIOR TO
 CUMULATIVE EFFECT OF CHANGE
 IN ACCOUNTING PRINCIPLE          3,390     2,437      (141)     (104)
Cumulative effect of change in
 accounting principle                                   103
                               --------- --------- --------- ---------
NET INCOME (LOSS)              $  3,390  $  2,437  $    (38) $   (104)
                               ========= ========= ========= =========
BASIC NET INCOME (LOSS) PER
 SHARE PRIOR TO CUMULATIVE
 EFFECT OF CHANGE IN
 ACCOUNTING PRINCIPLE          $   0.07  $   0.05  $  (0.00) $  (0.00)
Cumulative effect of change in
 accounting principle                 -         -      0.00         -
                               --------- --------- --------- ---------
BASIC NET INCOME (LOSS) PER
 SHARE                         $   0.07  $   0.05  $  (0.00) $  (0.00)
                               ========= ========= ========= =========

DILUTED NET INCOME (LOSS) PER
 SHARE PRIOR TO CUMULATIVE
 EFFECT OF CHANGE IN
 ACCOUNTING PRINCIPLE          $   0.07  $   0.05  $  (0.00) $  (0.00)
Cumulative effect of change in
 accounting principle                 -         -      0.00         -
                               --------- --------- --------- ---------
DILUTED NET INCOME (LOSS) PER
 SHARE                         $   0.07  $   0.05  $   0.00  $  (0.00)
                               ========= ========= ========= =========
SHARES USED IN THE PER SHARE
 CALCULATION - BASIC             49,232    48,216    48,924    47,972
                               ========= ========= ========= =========
SHARES USED IN THE PER SHARE
 CALCULATION - DILUTED           49,990    50,178    48,924    47,972
                               ========= ========= ========= =========

                       ASYST TECHNOLOGIES, INC.
       RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME
           (Unaudited; in thousands, except per share data)

                                            Three Months Ended
                                              March 31, 2007
                                    ----------------------------------
                                      GAAP    Adjustments    Non-GAAP
NET SALES                           $126,708     $     -     $126,708
COST OF SALES                         85,670        (269) 1    85,401
                                    --------- -----------    ---------
Gross profit                          41,038         269       41,307
                                    --------- -----------    ---------
OPERATING EXPENSES:
Research and development               8,896        (335) 1     8,561
Selling, general and administrative   23,565        (629) 1    22,936
Amortization of acquired intangible
 assets                                5,784      (5,784) 2         -
Restructuring charges                    208        (208)           -
                                    --------- -----------    ---------
Total operating expenses              38,453      (6,956)      31,497
                                    --------- -----------    ---------

Operating income                       2,585       7,225        9,810

Other (expense), net                    (408)          -         (408)
                                    --------- -----------    ---------

Income before provision for income
 taxes and minority interest           2,177       7,225        9,402
BENEFIT FROM (PROVISION FOR) INCOME
 TAXES                                 1,214      (2,227) 3    (1,013)

MINORITY INTEREST                         (1)          -           (1)
                                    --------- -----------    ---------

NET INCOME                          $  3,390     $ 4,998     $  8,388
                                    ========= ===========    =========

BASIC NET INCOME PER SHARE          $   0.07     $  0.10     $   0.17
                                    ========= ===========    =========
DILUTED NET INCOME PER SHARE        $   0.07     $  0.10     $   0.17
                                    ========= ===========    =========
SHARES USED IN THE PER SHARE
 CALCULATION - BASIC                  49,232      49,232       49,232
                                    ========= ===========    =========
SHARES USED IN THE PER SHARE
 CALCULATION - DILUTED                49,990      49,990       49,990
                                    ========= ===========    =========

1. Stock compensation expense.
2. Amortization of net intangibles.
3. Reversal of income tax benefit of $2,227 related to amortization of
 intangibles.