The first product of the alliance, GR microXL, was launched today at NEPCON West. GR microXL is targeted at PC OEMs and EMS companies supporting PC OEMs and will be available for shipment in Q2. For more information on GR microXL see http://www.genrad.com.

The principal objective of the alliance is to develop a low-cost standard test hardware and software platform with minimal test programming set-up, by using preprogrammed test libraries, providing minimal test execution time with the lowest cost for the functional test of microprocessor based boards. The solutions will use International Test Technologies’ unique test emulation technology and will be built upon industry standards and proven technologies.

Mike Schraeder, President of GenRad’s EMS business unit commented, "The agreement with International Test Technologies will expand our software solutions in the motherboard end-of-line functional test arena. These new test solutions will be ideally suited to address the technology and pricing pressures facing many microprocessor board manufacturers."

Gerry Jones, President and CEO of International Test Technologies added, " There is an increasing need for lower-cost test solutions for manufacturers of microprocessor based boards that can perform functional tests faster and at a lower total cost-per-test. Test systems simply have not kept pace with the huge performance and cost benefits delivered by the personal computer. The agreement with GenRad, one of the industry’s leading supplier of test system solutions, will produce the next-generation systems needed for microprocessor board manufacturers to test their products several times faster and at a much lower cost."

International Test Technologies Background

International Test Technologies develop functional test solutions for testing microprocessor-based boards. The Company products are used by many leading FORTUNE 500 companies. The Company participates in the Intel® Corporation SolutionsIA® & Solutions960® Program and was recently awarded the Intel Recognition Award for Outstanding Support of the Intel Embedded Products. International Test Technologies is headquartered in Dublin, Ireland with offices in Donegal, Ireland and San Francisco, CA. The web site address is http://www.intertesttech.com.

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 Solutions (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 1998 Annual Report on Form 10-K for the fiscal year ending January 2, 1999 and form 10-Q for the quarter ended October 2, 1999 under the section "Management’s Discussion and Analysis of Financial Conditions and Results of Operations – Factors That May Affect Future Results."