Cascade Microtech Appoints New CFO
April 01 2010 - 4:05PM
Marketwired
Cascade Microtech (NASDAQ: CSCD), a leading supplier of probe
stations, engineering probes and RF probe cards, has appointed Jeff
Killian as CFO effective today, April 1, 2010. He previously held
the position of Director of Finance at Cascade Microtech.
Mr. Killian joined Cascade Microtech in June 2008, and most
recently led the successful acquisition of Suss MicroTec Test
Systems Division, which concluded this past January. Mr. Killian
joined Cascade Microtech from TriQuint Semiconductor where he held
positions of increasing responsibility over an 11 year period that
included treasurer, corporate controller, and director of financial
planning and analysis. He holds a BS in Finance from Oregon State
University and a MBA from University of Oregon.
Cascade Microtech accepted the resignation of Steven Sipowicz,
its former CFO, effective March 31, 2010. Mr. Sipowicz will be
leaving to pursue other interests.
"We wish Steven all the best and thank him for his six years of
service to Cascade Microtech," said F. Paul Carlson, Chairman and
CEO. "Having very capable managers available to assume key
responsibilities is an operational goal at Cascade Microtech. We
are fortunate to fill this critical role with an experienced leader
such as Jeff Killian, who is deeply knowledgeable and highly
involved in our business."
On January 27, 2010, Cascade Microtech announced the acquisition
of the Test Systems Division of Suss MicroTec AG, located in
Dresden, Germany, and renamed it Cascade Microtech Dresden. The
integration process is progressing as planned and should provide us
the opportunity to leverage our products and services and focus the
necessary resources in achieving leading-edge customer solutions
which address accelerated growth markets.
About Cascade Microtech Cascade Microtech,
Inc. (NASDAQ: CSCD) is a worldwide leader in the precise electrical
and mechanical 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 electrical data from wafers,
ICs, IC packages, circuit boards and modules, MEMS, 3D ICs, LED
devices and more. Cascade Microtech's leading-edge semiconductor
production test products include unique probe cards and test
sockets that reduce manufacturing costs of high-speed and
high-density semiconductor chips. For more information visit
www.cascademicrotech.com.
Forward-Looking Statements Disclosure This
press release contains statements, including the statements by Paul
Carlson and statements as to the Company's expectations as to the
impact of the acquisition of the SUSS MicroTec Test Systems
Division on the Company's business, that are "forward-looking"
statements within the meaning of the Securities Litigation Reform
Act of 1995. Words such as "expects," "anticipates," "intends,"
"plans," "should," "believes," "estimates" and variations of such
words and similar expressions are intended to identify such
forward-looking statements. Such statements are based on current
expectations, estimates and projections about the acquisition based
in part on assumptions made by management. These statements are not
guarantees of future performance and involve risks and
uncertainties that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecasted in such forward-looking statements due to numerous
factors, including difficulties or unexpected costs or delays in
the integration of the operations, employees, products, sales
channels, strategies, and technologies of the acquired business;
the potential failure of the expected market opportunity to
materialize; the potential inability to realize expected benefits
and synergies; potential diversion of management's attention from
our existing business as well as that of the acquired business;
potential adverse effects on relationships with our existing
suppliers, customers or partners; and other risks and uncertainties
as discussed from time to time in the Company's Securities and
Exchange Commission filings and reports, including the Company's
Annual Report on Form 10-K. In addition such statements could be
affected by general industry and market conditions and growth rates
and general domestic and international economic conditions. Such
forward-looking statements speak only as of the date on which they
are made and the Company does not undertake any obligation to
update any forward statement to reflect events or circumstances
after the date of this release.