FormFactor Announces New Chief Financial Officer

    Business Editors/High-Tech Writers

    LIVERMORE, Calif.--(BUSINESS WIRE)--Feb. 14, 2005--FormFactor, Inc. (Nasdaq:FORM) today announced the appointment of Ronald C. Foster as its Chief Financial Officer effective March 2, 2005. Foster, who will report to the Office of the CEO, succeeds Jens Meyerhoff, the Company's current Chief Financial Officer and Chief Operating Officer. Mr. Meyerhoff will transition from his role as the Company's Chief Financial Officer, to focus his activities on his role as the Company's Chief Operating Officer.
    Foster brings to FormFactor over 25 years of financial management and operations experience. He joins FormFactor from JDS Uniphase, where he served as Chief Financial Officer since February of 2003. Prior to joining JDS, Foster was Chief Financial Officer of Novell, being elevated to that position after serving as its Vice President of Finance and Corporate Controller from 1998 to 2001. Prior to Novell, Foster served as Vice President, Operations Controller for Applied Materials, and also spent more than ten years in various financial roles at Hewlett Packard Corporation.
    "Ron brings a wealth of broad experience to our management team. He possesses all of the credentials we sought in a CFO, and his arrival will allow Jens Meyerhoff, who played an instrumental role in the Company's growth and public offerings, to focus on his Chief Operating Officer role," commented Igor Khandros, CEO. "Ron's arrival is an important step in the development of FormFactor's financial and operational infrastructure as we transition to the next level of growth for the company," commented Joe Bronson, President.
    "I have built my career at high technology companies, and I see FormFactor as a tremendous opportunity. I am excited to be joining the strong management team and look forward to contributing my years of experience in finance and operations as the company grows to the next level," commented Foster.
    Foster received an MBA degree from the University of Chicago and a BA in Economics from Whitman College. He currently serves on the Board of Directors of Micron Technology, Inc.

    About FormFactor:

    FormFactor, Inc. (Nasdaq:FORM) is an industry leader in the design, development, manufacture, sale and support of precision, high-performance advanced semiconductor wafer probe cards. The Company's products are based on its proprietary technologies, including its MicroSpring interconnect technology and design processes, which enable FormFactor to produce wafer probe cards for test applications that require reliability, speed, precision and signal integrity. FormFactor is headquartered in Livermore, California. For more information, visit the Company's Web site at www.formfactor.com.

    FormFactor and MicroSpring are registered trademarks of FormFactor, Inc. All other product, trademark, company or service names mentioned herein are the property of their respective owners.
    Statements in this press release that are not strictly historical in nature are forward-looking statements within the meaning of the federal securities laws, including statements regarding business momentum and future growth. These forward-looking statements are based on current information and expectations that are inherently subject to change and involve a number of risks and uncertainties. Actual events or results might differ materially from those in any forward-looking statement due to various factors, including, but not limited to: the demand for certain semiconductor devices; changes in semiconductor manufacturers' test strategies toward wafer-level test, test budgets, equipments or processes; and the Company's relationships with customers and companies that manufacture semiconductor test equipment. Additional information concerning factors that could cause actual events or results to differ materially from those in any forward looking statement is contained in the Company's Form 10-Q/A for the period ending September 25, 2004, filed with the Securities and Exchange Commission ("SEC"), and subsequent filings. Copies of filings made by the Company with the SEC are available at http://investors.formfactor.com/edgar.cfm. The Company assumes no obligation to update the information in this press release, to revise any forward-looking statements or to update the reasons actual results could differ materially from those anticipated in forward-looking statements.

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CONTACT: FormFactor, Inc. Jens Meyerhoff, 925-290-4063 (COO and CFO) or Sapphire Investor Relations, LLC Erica Mannion, 415-399-9345 ext. 321 (Investor Relations)

KEYWORD: CALIFORNIA INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS MANAGEMENT CHANGES SOURCE: FormFactor, Inc.

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