Cascade Microtech Announces Leadership Transition Plan

  
    
  
  
    
      Cascade Microtech (Nasdaq:CSCD) announced today a planned succession and 
      search for a new Chief Executive Officer. Cascade's Chairman and Chief 
      Executive Officer, Eric W. Strid, plans to transition from his current 
      role to the position of Chairman and Chief Technical Officer upon the 
      hiring of the new Chief Executive.
    
    
      Mr. Strid commented, “My first love in 
      co-founding Cascade was and still is solving customer problems with 
      great new probing technologies. Cascade Microtech has grown from a 
      startup in 1984 to a worldwide technology leader in wafer probing. I am 
      very supportive and excited to see Cascade move to the next growth phase 
      with a strong new chief executive.”
    
    
      F. Paul Carlson, Cascade Microtech’s Lead 
      Director, commented, ”We will search for a CEO 
      who has the leadership and vision qualifications to grow Cascade to a 
      much larger company. We have a very involved Board that will work with 
      Eric and the management team to ensure a smooth transition.”
    
    
      The COO search previously announced on the July 24 earnings conference 
      call will instead become a CEO search.
    
    
      About Cascade Microtech
    
    
      Cascade Microtech, Inc. (NASDAQ:CSCD) is a worldwide leader in the 
      precise electrical measurement and test of integrated circuits (ICs) and 
      other small structures. For technology businesses and scientific 
      institutions that need to evaluate small structures, Cascade Microtech 
      delivers access to, and extraction of, electrical data from wafers, 
      integrated circuits (ICs), IC packages, circuit boards and modules, 
      MEMS, biological structures, electro-optic devices and more. Cascade 
      Microtech’s leading-edge semiconductor 
      production test consumables include unique probe cards and test sockets 
      that reduce manufacturing costs of high-speed and high-density 
      semiconductor chips. Information about Cascade Microtech can be found on 
      the Web at www.cascademicrotech.com.