BOSTON--(BUSINESS WIRE)--Jan. 25, 2002--Teradyne Inc., (NYSE:TER) today announced that two of its divisions, Assembly Test Division (ATD) and Teradyne Connection Systems (TCS), are recipients of the 2002 Service Excellence Awards presented this week at APEX, a major electronics manufacturing trade show, in San Diego, CA.

Market research firm Technology Forecasters, Inc., and Circuits Assembly magazine co-sponsor the annual awards, which recognize electronic manufacturing services (EMS) companies, electronic assembly equipment suppliers, and software companies demonstrating outstanding performance in customer satisfaction. Awards are presented to companies receiving the highest cumulative scores from their customers in the following areas of service: dependability, manufacturing quality, responsiveness to changes and requests, technology, and value for the price.

Teradyne's Assembly Test Division received the Gold Award for the highest rating in the repair and rework category for electronic assembly equipment. Teradyne Connection Systems received two awards recognizing the EMS company for responsiveness to changes and requests, as well as manufacturing quality.

Accepting the award at the APEX conference for the Assembly Test Division were Michael A. Gildea, National Support Manager for the Americas, and Don Naugler, Product Manager, Rework Systems. Dale Sandford, Operations Manager, Mexico Manufacturing, accepted the awards for Teradyne Connection Systems.

About Teradyne

Teradyne (NYSE: TER) is the world's largest supplier of automatic test equipment and is also a leading supplier of high performance interconnection systems. Teradyne's test products are used by manufacturers of semiconductors, circuit assemblies, voice and broadband telephone networks. Teradyne's backplane assemblies and high-density connectors are used by manufacturers of communications and computing systems central to building networking infrastructure. The company had sales of $1.4 billion in 2001 and currently employs about 8000 people worldwide. For more information visit www.teradyne.com.