Electroglas (EGLS) Appoints Warren C. Kocmond as CEO

February 9, 2009 5:22 PM EST

Electroglas, Inc. (Nasdaq: EGLS) announced that Thomas M. Rohrs will become Executive Chairman of the Board and that Warren C. Kocmond, Jr. has accepted the Company's offer to become its Chief Executive Officer, effective February 9, 2009. Mr. Kocmond has served as the Chief Operating Officer of the Company since May 2008.

Mr. Kocmond has been the Chief Operating Officer of the Company since May 2008. Prior to joining Electroglas, Mr. Kocmond was the Senior Vice President of Global Operation for Affymetrix, Inc. (Nasdaq: AFFX), from April 2007 to May 2008; the Chief Executive Officer of Earth Renewable Energy from May 2006 to April 2007; and, from April 2004 to May 2006, the Chief Operating Officer for Asyst Technologies (Nasdaq: ASYT).

(NOTE - On Feb. 4, 2009, Electroglas announced that the company has signed a letter of engagement with Needham & Company, LLC to assist the Company in reviewing its financial and strategic options)

Electroglas Inc is a supplier of semiconductor manufacturing equipment and software to the global semiconductor industry.[SM]

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• Needham & Co

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