Electroglas Appoints David Durham Director of Prober Product Marketing; new position created to manage ongoing evolution of Electroglas' prober product roadmap.

SANTA CLARA, Calif.--(BUSINESS WIRE)--Nov. 7, 1995-- Electroglas, Inc. (Nasdaq:EGLS), a leading supplier of automatic wafer probing systems to the global semiconductor industry, today announced that it has appointed David Durham to the newly created position of director, prober product marketing.

Reporting to Director of Marketing Phillip Truckle, Durham is chartered with coordinating and focusing Electroglas' current and future prober product programs, including expanding the company's prober product roadmap and driving its implementation.

According to Electroglas, the rapid growth of the semiconductor industry (widely predicted to reach $300 billion by the year 2000) prompted the need for a senior manager with an in-depth understanding of customer requirements and semiconductor equipment marketing strategies. Truckle noted that Durham is well positioned to fill this role due to his expertise in the semiconductor equipment industry, specifically the test segment.

"Test has migrated toward the development of more and more integrated prober/tester solutions similar to those we have already successfully completed with companies such as Hewlett-Packard and Teradyne. David has a thorough understanding of this trend, and will be able to ensure that our prober product evolution cycle continues to meet our customers' critical time-to-market windows," stated Truckle.

Durham is also Electroglas' representative to industry/government consortium SEMATECH, enabling him to take an active role in steering prober/tester issues.

Electroglas President and Chief Operating Officer Bill Cornwell noted that Electroglas' continued strong growth (the company posted revenues of $45.3 million for the quarter ended September 30, 1995, up 54 percent from the comparable quarter in 1994) is another factor contributing to the need for Durham's new position.

"Electroglas has a high number of products in the market, more than at any other time in the company's history," said Cornwell. "These products are highly reliable, and new ones are introduced on a regular basis to address changing industry needs such as increased wafer size. David's depth of experience will allow him to help manage product line growth and provide a strong vision for its continuation."

Durham comes to Electroglas from Credence Systems Corp. (Fremont, Calif.), where he was product marketing manager for the company's Super Compact (SC) Series of ATE products, which are targeted toward known good die. Before that, he spent seven years as a product marketing engineer with the Trillium division of LTX Corp. (San Jose, Calif.). Durham holds a bachelor of business administration from California's San Jose State University.

About Electroglas: Founded in 1960, Electroglas, Inc. is a world-leading supplier of the automated wafer-probing products that semiconductor manufacturers rely on to sort and classify integrated circuits. The company's products position semiconductor devices that are still in wafer form under contact probes to facilitate accurate, rapid, reliable testing, and manage information collected during the testing process. Electroglas common stock is traded on the Nasdaq Stock Market under the trading symbol EGLS.

CONTACT: Electroglas Inc.

Yolanda Ruiz, 408/727-6500

or

MCA Inc.

Lisa Gillette, 415/968-8900