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MicroProbe Acquired by Institutional Investor Syndicate - 7/15/2008

MicroProbe Incorporated, a leading supplier of advanced probe cards to the semiconductor industry, announced today that it has been acquired by an investment group lead by Flywheel Ventures.

John Parizek, President of MicroProbe commented, "We are looking forward to drawing on the new investment group's expertise and financial strength to support our future plans."

Mike Slessor, who is joining the MicroProbe team as CEO, said, "MicroProbe has built a strong foundation for growth, and I am very excited to be part of this innovative company's future."

Along with the acquisition of MicroProbe, the Flywheel-led group has also acquired Micromanipulator, a leader in analytical probing.

About MicroProbe

MicroProbe Incorporated is a worldwide advanced probe card supplier with global manufacturing and service facilities.  Working as a technology leader with their customers, MicroProbe develops, manufactures, and supports a high quality innovative line of probe card products including Vertical, Cantilever, RF and next generation MEMS technologies.  MicroProbe Incorporated is based in Carlsbad, California.

About Flywheel Ventures

Flywheel Ventures is a venture capital firm that makes investments of first institutional capital in the Mountain West.  Flywheel targets companies based on innovations in information technology and the physical sciences.  The firm matches talented entrepreneurs and market opportunities with Flywheel's capital, entrepreneurial experience, and industry relationships to accelerate innovations into profitable companies.  Flywheel is based in Santa Fe, New Mexico and also has offices in Albuquerque and San Francisco.  For more information on Flywheel, please visit www.flywheelventures.com

About Micromanipulator

The Micromanipulator Company is a leading manufacturer of analytical probing solutions for use in semiconductor test, failure-analysis, and reliability.  By collaborating with its customers and strategic partners, the company aggressively delivers continuing improvements in quality and cost of engineering tests.  Micromanipulator is based in Carson City, Nevada.  For more information on Micromanipulator, please visit www.micromanipulator.com

 
   
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