Electroglas Names Rick Casler VP of Engineering.

Business Editors/High-Tech Writers

SAN JOSE, Calif.--(BUSINESS WIRE)--April 5, 2004

Electroglas, Inc. (Nasdaq:EGLS), a leading supplier of wafer probers and prober-based test handling solutions for the semiconductor industry, announced today that it has named veteran engineering executive Rick Casler to the position of vice president of engineering. In this capacity, Mr. Casler will be responsible for leading the Electroglas prober engineering organization, reporting directly to Electroglas Chairman and CEO Keith Barnes.

"With a proven ability to blend strategy and execution, Rick Casler is the ideal person to direct Electroglas prober engineering efforts," Mr. Barnes said. "He brings to the table an impressive 20-year track record of robust technology development and commercialization -- spanning many fields and applications -- that have consistently resulted in best-in-class machine cycle time, footprint and cost. His hands-on technical skills will be a great benefit to our ongoing development of wafer prober technology."

For more than 15 years, Mr. Casler has overseen robot and control platform development for use in industrial, medical, service industry and sub-micron assembly applications. His recent posts have included a stint as vice president of research and development for a startup company commercializing 3D MEMS technology, service as vice president of systems engineering for Intuitive Surgical, and nearly 8 years as vice president of engineering for Adept Technology. Earlier in his career, he served as CEO for Genesis Automation (a company that he co-founded) from 1986-1992, and as manager of new product development for Unimation/Westinghouse from 1981-1986. Mr. Casler holds BS and MSME degrees from the Massachusetts Institute of Technology. He has 25 patents to his credit.

"It is very exciting for me to join Electroglas, a company that is recognized as a long-established leader and pioneer in the wafer probing space, and one which continues to innovate today," Mr. Casler said. "I am looking forward to providing leadership in the next stage of prober technology development at Electroglas."

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.