909326--10/13/2006--ASYST_TECHNOLOGIES

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{customer, product, revenue}

{product, market, service}

{acquisition, growth, future}

{competitive, industry, competition}

{condition, economic, financial}

{cost, operation, labor}

{financial, litigation, operation}

{personnel, key, retain}

{product, liability, claim}

{operation, international, foreign}

{stock, price, operating}

{property, intellectual, protect}

{control, financial, internal}

{tax, income, asset}

We face additional risks and costs as a result of the delayed filing of our SEC reports described below and the time, cost and outcome of our Special Committee investigation into past stock option grants and practices. If we continue to fail to achieve and maintain effective disclosure controls and procedures and internal control over financial reporting on a consolidated basis, our stock price and investor confidence in our Company could be materially and adversely affected. If we fail to manage effectively our ASI subsidiary, our sales and profitability of AMHS could be adversely affected and the sales mix between AMHS and our other products could affect our overall financial performance. If we are unable to increase our sales of AMHS to FPD manufacturers, or if the FPD industry enters a cyclical downturn, our growth prospects could be negatively affected. Our gross margins on 300mm products may be lower, which could adversely affect our ability to remain profitable. Most of our Fab Automation Product manufacturing is outsourced and we rely on a single contract manufacturer for much of this manufacturing, which could disrupt the availability of our Fab Automation Products and adversely affect our gross margins. Shortages of components necessary for product assembly by Solectron or us can delay shipments to our customers and can lead to increased costs, which may negatively impact our financial results. We may have additional tax liabilities that could be materially higher than we expect. Because we do not have long-term contracts with our customers, our customers may cease purchasing our products at any time. We depend on large purchases from a few significant customers, and any loss, cancellation, reduction or delay in purchases by, or failure to collect receivables from these customers could harm our business. If we are unable to develop and introduce new products and technologies in a timely manner, our business could be negatively affected. We may be unable to protect our intellectual property rights and we may become involved in litigation concerning the intellectual property rights of others. We may not be able to integrate efficiently the operations of our acquisitions, and may incur substantial losses in the divestiture of assets or operations. As our quarterly and yearly operating results are subject to variability, comparisons between periods may not be meaningful; this variability in our results could cause our stock price to decline. We face significant economic and regulatory risks because a majority of our net sales are derived from outside the United States. Our current and planned operations may strain our resources and increase our operating expenses. We have continued to experience unexpected turnover in our finance department, and this has had an adverse impact on our business; if we lose any of our key personnel or are unable to attract, train or retain qualified personnel, our business would be further harmed. Risks Related to our Industry The semiconductor manufacturing equipment industry is highly cyclical and is affected by recurring downturns in the semiconductor industry, and these cycles can harm our operating results. We may not effectively compete in a highly competitive semiconductor manufacturing equipment industry.

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909326--10/13/2006--ASYST_TECHNOLOGIES_INC