Cascade Microtech Announces Initial Public Offering.

BEAVERTON, Ore. -- Cascade Microtech, Inc. (Nasdaq:CSCD) today announced that it priced its initial public offering of 5,300,000 shares of its common stock at $14.00 per share. Of these shares, the company will issue 3,300,000 shares and existing shareholders will sell an additional 2,000,000 shares in the offering. In addition, the company and the selling shareholders have granted the underwriters an option to purchase up to an additional 795,000 shares to cover over-allotments, if any.

Lehman Brothers Inc. is the lead underwriter and the sole book running manager of the offering. JP Morgan Securities Inc. is acting as joint lead manager, and UBS Securities LLC and Adams Harkness, Inc. are acting as co-managers of the proposed offering. The offering of the securities is made only by means of a prospectus, copies of which may be obtained from Lehman Brothers c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY, 11717, 631-254-7106.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

Cascade Microtech designs, develops and manufactures advanced wafer probing solutions for the electrical measurement and test of integrated circuits, or ICs. Cascade's engineering probe stations and analytical probes are used in research and development to perform precise electrical measurements on increasingly complex and high speed ICs. Cascade's production probe cards reduce manufacturing costs of complex and high speed ICs by identifying defective ICs early in the process and by testing multiple ICs concurrently.