WESTFORD, MA, -- May 23, 2001 -- GenRad, Inc., [NYSE: GEN] a global leader in electronics testing and production solutions, today announced that it was named to The Boston Globe 100 list of the best performing Massachusetts companies.

Compiled and published annually, the Globe 100 recognizes the top companies in the state, and includes some of the worldês leading electronics, biotech, financial and network technology firms. GenRad first appeared on the list in 1999, but was not included in 2000.

–Weêre delighted that weêve earned our way back onto the Globe 100 list of leading companies, and believe this is appropriate recognition for the substantial efforts everyone at GenRad has made toward business and technology leadership in our markets worldwide,” said GenRad President, Chairman and CEO Robert M. Dutkowsky. –This recognition rightfully belongs to every one of our 1400 employees who present our company to our customers in 22 countries around the globe.”

The Boston Globe, a New York Times Company newspaper, has published the list of leading companies for 13 years. This yearês results were developed by Compustat based on analysis of Securities and Exchange Commission filings, news service reports, and other government and corporate documents available to the public. Selection for the Globe 100 is based on financial data for four quarters ended Dec. 31, 2000 and for the same period in 1999.

About GenRad

GenRad Inc. [NYSE: GEN] is a global leader of electronics manufacturing productivity solutions for contract and original equipment manufacturers [CMs and OEMs] of handheld and wireless devices, PCs and business servers, DSL and other broadband switching and routing technologies, and other devices integral to emerging Internet e-commerce markets. GenRad also applies its technologies to development of diagnostic solutions for the automotive and general transportation industry.

Founded in 1915, GenRad employs approximately 1,400 people and maintains its worldwide headquarters in Westford, MA, USA. The companyês Web address is http://www.genrad.com.

LabWindows/CVI® is a registered trademark of National Instruments Corporation. All other trade names referenced are the service marks, trademarks, or registered trademarks of their respective companies.