September 27, 2011 – Marketwire — Cascade Microtech Inc. (NASDAQ:CSCD) completed the sale of its test socket manufacturing business for a purchase price of $550,000 to R&D Interconnect Solutions, a wholly owned subsidiary of R&D Circuits, based in Brooklyn Park, MN.

Cascade’s board of directors also authorized a stock repurchase program under which up to $2,000,000 of its common stock may be repurchased. Shares may be purchased from time-to-time in the open market or in privately negotiated transactions. The timing and actual number of shares purchased will depend on a variety of factors, including market conditions, corporate and regulatory requirements, and alternative business and investment opportunities. Repurchases under the program will be funded from available cash. The program does not require the Company to acquire any particular amount of common stock, and the program may be commenced, suspended or terminated at any time or from time-to-time at the Company’s discretion without prior notice.

Cascade Microtech will not purchase any stock under the repurchase program until it announces its financial results for its third quarter on November 1, 2011.

The sale of CSCD’s test socket business, and this share repurchase program, will help bring Cascade Microtech’s stock value up and build long-term value for shareholders, said Michael Burger, president and CEO.

Cascade Microtech Inc. (NASDAQ:CSCD) makes precision contact, electrical measurement and test products for integrated circuits (ICs), optical devices, etc. For more information, visit www.cascademicrotech.com.

R&D Interconnect Solutions specializes in design and production of high-performing sockets and interconnect products for testing of packaged ICs. It is wholly owned by R&D Circuits. For more information on R&D Circuits, visit www.rdcircuits.com.

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