ADVISORY/Electroglas and Cascade Microtech to Host Asia-Pacific Symposiums on Parametric and RF Testing.

Business Editors/High-Tech Writers

ADVISORY... for Tuesday (May 7)

--(BUSINESS WIRE)

Electroglas, Inc. (Nasdaq:EGLS), and Cascade Microtech, Inc., leaders in production probing solutions and precision measurement, will host two symposiums in early May in the Asia-Pacific region to discuss the emerging need for parametric and RF probing technologies. Each symposium will feature local industry experts, as well as representatives from both companies, presenting papers on recent technology advances and discussing ways in which the industry can meet the need for wafer test that requires extremely low noise, electrical leakage and capacitance.

Event:      Parametric and RF Test Symposium

Dates:      Tuesday, May 7, 2002        Thursday, May 9, 2002

Locations:  Lakeshore Hotel             Pan Pacific Hotel
            No. 51 Lane 775             7 Raffles Blvd.
            Ming Hu Road                Marina Square
            Hsinchu, Taiwan, R.O.C.     Singapore 039595

Times:      08:30 am - 13:30 pm         08:30 am - 13:30 pm

Keynote
Addresses: "RF Wafer Level Testing      "Parametric Test Critical to
            Technology"                  Deep Sub Micron Process
                                         Technology"
Keynote
Speakers:  Dr. L.P. Chen                Mr. Kazu Nishitsuru
           President and Founder        Strategic Alliance Manager
           Giga-Solutions               Agilent Technologies, Japan

About Electroglas, Inc.

Electroglas delivers essential tools for process management to enhance the profitability of semiconductor manufacturers. The company's wafer probers, inspection systems and software solutions serve as data collection, management and analysis tools that semiconductor manufacturers depend upon to improve their productivity and process control by optimizing sort-floor efficiency. Electroglas has been a leading supplier of wafer probers for over 40 years and has an installed base of more than 15,000 systems. The company's stock trades on the Nasdaq National Market under the symbol "EGLS". The company's Web site is located at www.electroglas.com.