Cerprobe Names Industry Veteran Chief Operating Officer.

GILBERT, Ariz.--(BUSINESS WIRE)--Dec. 13, 1999--

Cerprobe Corp. (Nasdaq:CRPB), a leader in semiconductor test interconnect products, today announced that Daniel J. Hill has joined the company as executive vice president and chief operating officer.

C. Zane Close, president and chief executive officer of Cerprobe, commented: "D.J.'s initial responsibility will be to ensure the rapid integration of newly acquired Oz Technologies into Cerprobe's existing operations. He also will play a key role in the development and deployment of the combined companies' manufacturing and technical plans, with particular focus on our Asian operations.

"With more than 20 years' experience in various aspects of the semiconductor industry, he is exceptionally well-suited to the task, and his expertise will be invaluable as we move to expand our product lines and further strengthen our position as a global leader in semiconductor test integration. We are extremely pleased to have him join the Cerprobe team."

"The semiconductor industry is increasingly demanding that their suppliers provide integrated solutions," noted Hill, "and at the front-end of the semiconductor manufacturing process equipment suppliers like Applied Materials and KLA-Tencor have already capitalized on this trend.

"With the acquisition of OZ TEK, Cerprobe has now effectively redefined itself as the industry leader in providing interconnect solutions.

"I look forward to overseeing the achievement of significant synergies -- and hence added value for both our customers and our shareholders -- in integrating the complementary products, distribution channels, design resources, and PCB fabrication capabilities of Cerprobe and OZ TEK. The company's future is bright, and I am delighted to be a part of it."

Hill began his career with National Semiconductor in 1980 and served them for more than a decade in various management and technical roles.

In the early 1980s, Hill was a pioneer in semiconductor test and measurement when, as managing director of National's Malaysian operations, he transferred test and wafer probe technology from the United States to Malaysia, a move that significantly increased National's capacity and improved its profitability.

As vice president and general manager of National's Discrete Products, Hill completed the integration of the acquired Fairchild product lines with those of National Semiconductor.

From 1991 to 1995, Hill served as president and CEO of Micro Component Technology Inc. (Nasdaq:MCTI), a leading supplier of semiconductor handling equipment used at final test. In 1995 Hill returned to Malaysia as the founder and CEO of Interconnect Technology, a semiconductor foundry, where he remained for the next several years.

Most recently, he was executive director, Semiconductor Services for PricewaterhouseCoopers, where he was instrumental in building the firm's leadership position in the semiconductor business sector.

The company's acquisition of Oz Technologies (OZ TEK) was announced on Dec. 3, 1999. OZ TEK offers systems solutions for IC package test and is a leading designer and producer of high performance test sockets and contactors. OZ TEK's BGA sockets are used in high volume test applications at major semiconductor manufacturers around the world.

OZ TEK also designs and distributes ATE test boards and burn-in interfaces and systems. The company has headquarters in Hayward, Calif. Additional information about OZ TEK is available at www.oztek.com.

Cerprobe offers comprehensive solutions for semiconductor test integration and is a world leader in the design and manufacture of probe cards, ATE interface assemblies, and ATE test boards. The company markets its products worldwide to semiconductor manufacturers. Cerprobe operates domestic manufacturing facilities in Arizona, California and Texas.

The company also operates international subsidiaries: Cerprobe Europe in France and Scotland, and Cerprobe Asia in Taiwan and Singapore. Additional information about Cerprobe is available at www.cerprobe.com.

This news release contains forward-looking statements made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995 including statements regarding the expectations of specific contributions to the success of the company by Hill, the company's plan to rapidly integrate OZ TEK with Cerprobe, the ability of the company to achieve synergies between Cerprobe and OZ TEK and add value for the company's customers and shareholders. Such statements involve risks and uncertainties that may cause results to differ materially from those set forth in these statements. These risks and uncertainties include, but are not limited to, risk related to integrating the operations of OZ TEK with Cerprobe, the cyclicality of the semiconductor industry, uncertainties regarding the success of the company's programs, new product development efforts, technological advancements within the industry, the impact of competitive products and pricing, growth in targeted markets, limits on manufacturing capacity, and other information detailed from time to time in the company's financial press releases and Securities and Exchange Commission filings.