Teradyne Opens New Manufacturing Facilities

NASHUA, N.H.--(BUSINESS WIRE)--Aug. 22, 2000--Teradyne's Connection Systems Division (TCS) is set to add significant manufacturing capacity with the addition of two new facilities. In New Hampshire, Teradyne has signed a lease agreement for a 144,000 sf manufacturing plant in Hudson. This will be Teradyne's sixth Nashua, NH-area location. TCS has also opened a new 46,000 sf manufacturing facility in Fremont, CA. The new manufacturing capacity comes as TCS responds to explosive growth from its worldwide customer base, particularly from makers of telecommunications equipment and Internet systems such as servers and routers.

Separately, Teradyne Connection Systems also acquired two California-based companies this week. Herco Technology Corporation (San Diego) is a leading manufacturer of printed circuit boards. Synthane Taylor (La Verne, CA) manufactures laminate materials. Together, the acquisitions give Teradyne Connection Systems nearly 300,000 sf of multilayer printed circuit board fabrication capacity to support its backplane assembly business.

With the addition of these new dedicated manufacturing facilities, Teradyne will have nearly one million square feet of production space throughout the United States and Europe.

Teradyne Connection Systems manufacturers high-technology backplanes, connector systems, and electromechanical subassemblies. Backplanes serve as the central interconnection panel for circuit boards; Teradyne focuses on high-end, `large-format' backplanes and high-speed/high-density connectors that together help equipment makers solve their need for greater bandwidth.

Rick Schneider, Teradyne Connection Systems' General Manager and a vice president of Teradyne, Inc. explains why the new facilities are needed: "The information superhighway is paved with fast switches, routers, and servers. At the heart of these systems are backplanes and interconnects, most manufactured by Teradyne. Our customers have an appetite for high-performance interconnect solutions and that's fueling our capacity expansion across the board."

About Teradyne, Inc.

Teradyne is the world's largest supplier of automatic test equipment, related software and high performance backplanes for the electronics and telecommunications industries. 1999 sales were $1.8 billion and there are currently more than 8,000 Teradyne employees worldwide. The Company's products are used to test semiconductors, circuit assemblies, telephone lines, networks, computerized telephone systems, and software. Teradyne's backplane assemblies and high-density connectors are used in high-performance electronic systems in communications and computing. More than 70% of the company's business is being driven by Internet growth.

For additional information, please contact:

Christopher Van Veen, Marketing Communications Manager

Teradyne, Inc.--Connection Systems Division

44 Simon Street

Nashua, NH 03060

603/879-3446

e-mail: [e-mail]

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“The information superhighway is paved with fast switches, routers, and servers. At the heart of these systems are backplanes and interconnects, most manufactured by Teradyne. Our customers have an appetite for high-performance interconnect solutions and that's fueling our capacity expansion across the board.”