Electroglas Appoints C. Scott Gibson to Its Board of Directors.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--March 11, 2004

Electroglas, Inc. (Nasdaq:EGLS), a leading supplier of wafer probers and prober-based test handling solutions for the semiconductor industry, today announced that C. Scott Gibson has accepted the company's invitation to join its board of directors. Mr. Gibson brings to the Electroglas board 30 years of electronics industry experience as an executive, consultant, director and investor.

"Electroglas is very pleased to welcome a person of Mr. Gibson's experience and achievement to the company's board of directors," said Keith Barnes, chairman and CEO of Electroglas. "We believe Electroglas will benefit tremendously from his extensive semiconductor industry expertise as this sector continues to recover."

Mr. Gibson has been an influential member of the electronics community since the 1970s, when he served as general manager of the memory components division at Intel Corp. He was a co-founder of Sequent Computer Systems and served as that company's president from 1983-1992, a period in which Sequent grew from a start-up to $250 million in annual sales. Mr. Gibson has extensive experience serving on the boards of directors of numerous high technology companies and non-profits. He is currently chairman of the board of Radisys (Nasdaq:RSYS), and member of the boards of TriQuint Semiconductor (Nasdaq:TQNT), Pixelworks (Nasdaq:PXLW) and NW Natural (NYSE:NWN), as well as two development stage companies.

Mr. Gibson holds two degrees from the University of Illinois, a bachelor's degree in electrical engineering and a master's degree in business administration. He served 13 years as a trustee and five years as chairman of the board of trustees of the Oregon Graduate Institute, which merged with Oregon Health and Science University (OHSU). Mr. Gibson now serves on OHSU's governing board and the OHSU Foundation. He is also a member of the Oregon Community Foundation board.

The American Electronics Association named Mr. Gibson the Oregon High Tech Executive of the Year in 1990. He was the recipient of the Howard Vollum Leadership Award in 2000, and recognized with a Lifetime Achievement Award by the Oregon Entrepreneurs Forum in 2001.

About Electroglas, Inc.

Electroglas is a supplier of innovative probers, prober-based test handlers, test automation software and services that improve the overall effectiveness of semiconductor manufacturers' wafer and device testing processes by delivering faster answers to questions about device quality, manufacturing performance and corrective action needed. Headquartered in San Jose, California, the company has been a leading equipment supplier to the semiconductor industry for over four decades, and has an installed base of more than 15,000 systems worldwide. Electroglas' stock trades on the NASDAQ National Market under the symbol "EGLS." More information about the company and its products is available at www.electroglas.com.

Editor's Note: A photograph of Mr. Gibson is available upon request. Please contact Jennifer Anselmo at 415/882-9494 or via email at [e-mail] to obtain a copy.