| Westford,
Massachusetts -- January 27, 1999 -- GenRad, Inc.
(NYSE: GEN) today announced that its Advanced Diagnostic
Solutions (ADS) business unit in Munich, Germany and Stockport,
UK has been selected by Knorr-Bremse in Munich, Germany,
to supply 500 of GenRad’s latest generation diagnostic
systems, in a deal worth $4.5 million.
The GDS3500 is the latest in GenRad’s 3xxx series
and is a portable, rugged PC based service tool designed
for use by service technicians and engineers. The combination
of upgradeable PC architecture featuring Pentium processor
and modular instrumentation makes the unit a flexible
solution.
Knorr-Bremse will be using the GDS3500 to diagnose
complex electronic, electropneumatic and pneumatic vehicle
systems within a demanding environment. Their GenRad
solution will include diagnostics, measurement and a
workshop information system. The diagnostic applications
are being authored using GenRad’s Application
Development Environment (GRADE), a modular set of tools,
processes and programs enabling users to author diagnostic
sequences in a structured and automated manner.
Willy van der Veken, Director of Knorr-Bremse Aftermarket
Sales commented, "GenRad will be supplying us with
a combination of advanced diagnostic techniques and
breadth of industry experience. We are very much looking
forward to working together. Knorr-Bremse wants to improve
their market position with this diagnostic system and
give their customers the technological competence to
repair high tech commercial vehicles today and in the
future."
Paul Geere, President of GenRad ADS stated, "We
continue to provide solutions for the transportation
industry and this significant win will build upon the
expertise that we have already gained within the truck
industry. It also represents a step closer in our aim
to provide an industry standard platform from which
all component suppliers and truck manufacturers will
be able to benefit."
Knorr-Bremse Background
Knorr-Bremse is a leading supplier of brake systems
for railway and commercial vehicles worldwide. The company
is headquartered in Munich, Germany and was founded
in 1905. It has over 7000 employees, with a turnover
of 2000 million DM. Knorr-Bremse’s web site is
http://www.knorr-bremse.com.
GenRad Advanced Diagnostic Solutions (ADS) Background
Advanced Diagnostic Solutions, headquartered in Stockport,
England, is a leading global supplier of diagnostic
and information solutions, specialising in complex electrical
and electronic systems for automotive, aerospace, agricultural,
construction and related industries.
GenRad Background
GenRad, Inc. provides electronics OEMs and their customers
with the hardware, software and services to increase
productivity by optimizing product design, manufacturing
and after-market service. GenRad, headquartered in Westford,
MA, offers products and services through three business
units: Advanced Diagnostic Solutions (ADS), Electronic
Manufacturing Systems (EMS), and GR Software (GRS).
GenRad’s web site address is http://www.genrad.com.
GenRad’s most current shareholder information
is available by visiting our Website at http://www.genrad.com
or calling our Fax on Demand Service at (800) 469-1261.
Statements made in this press release which are not
historical, including statements regarding future performance,
product capabilities and markets are forward looking
statements and as such are subject to a number of risks.
Factors that may cause results to differ materially
from those projected are discussed in GenRad’s
1997 Annual Report on From 10K for the fiscal year ending
January 3, 1998 and form 10-Q for the quarter ended
October 3, 1998 under the section "Management’s
Discussion and Analysis of Financial Conditions and
Results of Operations – Factors That May Affect
Future Results."
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