The two US companies -- with a combined heritage of 125 years -- bring to the worldwide market a complete range of manufacturing inspection and test solutions addressing the entire electronics product life cycle, from prototype through end-of-life.

"Our combined hardware, software, service and support capabilities clearly establish us as the global leader in scope, scale and functionality," said Robert M. Dutkowsky, president of the merged unit called the Assembly Test Division of Teradyne.

"These two great companies bring together unparalleled leadership in our respective areas." Dutkowsky said. "By merging Teradyne and GenRad, we've established the new global standard for the singular ability to improve our customersê time-to-market, time-to-volume and time-to-profitability. Under no other banner can an electronics manufacturer gain the productivity and performance we deliver with our electrical, optical and software solutions. We're the one!"

Dutkowsky was named president of the new Assembly Test Division by Teradyne Chairman and CEO George W. Chamillard. Previously, Dutkowsky was chairman, president and CEO of GenRad. The unit focuses on electronic manufacturers in the contract, original equipment, military-aerospace and public-sector markets.

Showcasing the unified line of products only one week following completion of the merger, Productronica is the new unit's public debut, "and we couldn't be prouder of the clearly unified, integrated presence we have here in Munich, and around the world," Dutkowsky said.

Teradyne Assembly Test Division is exhibiting its electrical test and software solutions at Stand 419 in Hall A1, and its imaging inspection and manufacturing software solutions at Stand 255 in Hall A1. Featured new products include the GR VersaOTÈ optical transmission tester, the GR X-Station 3DÈ in-line automated 3D X-Ray inspection system, and the Optima 7200È post-placement automated optical inspection system. Also being shown on both stands are the AlchemistÈ integrated development environment and the StrategistÈ software for optimizing a distributed test environment.

Dutkowsky stated that Teradyne plans to introduce new products and services within the next 90 days, and will unveil its strategic product roadmap early in 2002.

–We already have a defined process to integrate the GenRad and Teradyne platforms into the industryês strongest, broadest product line," Dutkowsky said.

In the near term, all of Teradyneês platforms are being integrated via the powerful and intuitive common development environment called AlchemistÈ, and the best-in-class software tool to optimize distributed inspection and test named StrategistÈ. These tools operate together in the framework of Teradyneês global supply-chain execution [SCE] software.

Over time, technology from both organizations will be reused in new inspection and test products and platforms focused on offering new technologies at lower prices that reduce the customerês cycle times.

The merged entity has the largest installed base of customers and the broadest product line of any test and inspection company.

In addition to 24-by-7-by-365 worldwide support and service, installed base systems will receive full parts and service support for at least five years following the end of regular production of that system. As platforms evolve to meet future test and inspection requirements, the company will have a well-defined migration path that preserves some or all of the existing investment in applications, fixtures, programs and expertise.

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. Manufacturers of semiconductors, circuit assemblies and voice and broadband telephone networks use Teradyne's test products. Manufacturers of communications and computing systems central to building networking infrastructure use Teradyne's backplane assemblies and high-density connectors. The company had sales of $3 billion in 2000 and currently employs about 8000 people worldwide. Teradyne's World Wide Web address is www.teradyne.com.