Teradyne Connection Systems Receives `Transformation Supplier of the Year` Award From Cisco Systems

NASHUA, N.H.--(BUSINESS WIRE)--Oct. 18, 2001--

Teradyne, Inc. (NYSE:TER) Connection Systems Division (TCS), a leading manufacturer of high-speed/high-density interconnects, multi-gigabit custom backplanes, and high-performance systems integration and test, today announced it is the recipient of this year's "Transformation Supplier of the Year Award" from Cisco Systems, Inc. Teradyne was selected for demonstrating the ability to significantly contribute technology that has positively impacted the satisfaction level of Cisco's customers. This prestigious award was one of seven presented to valued Cisco suppliers at the company's 10th annual supplier appreciation awards program held on October 15th.

"Cisco's Supplier of the Year Award is our way of recognizing those suppliers who have demonstrated outstanding leadership in their areas of expertise and are considered to be among the very best suppliers to Cisco," said Michael Campi, vice president, global supply management. "These suppliers accept the challenge of going the extra mile to support Cisco's business requirements, and routinely exceed expectations in key areas that differentiate them from their competition."

Teradyne supplies Cisco with technology and manufacturing solutions for products like the Catalyst 6000 family of switches and Cisco 12000 Series Internet Routers. Using extensive `Voice of the Customer' data collection, Teradyne is able to develop new products based on the needs of its customers, to meet demanding next generation design requirements. To enable Cisco to achieve high levels of customer satisfaction, Teradyne provides dedicated program management, just-in-time fulfillment, and Design For Manufacturing (DFM) services, and ensures consistent quality through use of Total Quality Management tools and processes.

"Cisco and Teradyne share a focus on technology innovation and customer satisfaction," said Teradyne Connection Systems President, Rick Schneider. "Teradyne's Cisco team has worked very hard over the years to build and maintain a relationship as both a technology and integration supplier. We are honored to have been selected to receive this award and consider it a strong validation of a broad and deep partnership between Cisco and Teradyne."

A panel of representatives from Cisco's Global Supply Management organization selected recipients of the 2001 Cisco Supplier Appreciation Awards.

About Teradyne Connection Systems Division

Teradyne Connection Systems (TCS), a division of Boston-based Teradyne, Inc., provides high performance system solutions to industry leading OEMs, with printed circuit boards, high-speed, high-density connectors, multi-gigabit backplane assemblies and complete systems integration and test. Teradyne's high-technology components and electronic manufacturing services are used by manufacturers of communications and computing systems central to building networking infrastructure. For more information visit www.teradyne.com/tcs.

About Teradyne Inc.

Teradyne (NYSE:TER) is the world's largest supplier of automatic test equipment and is also a leading supplier of high performance interconnection products and total systems integration services. Teradyne's automatic test products are used by manufacturers of semiconductors, circuit assemblies and voice and broadband telephone networks. The company had sales of $3 billion in 2000 and currently employs about 8000 people worldwide. For more information visit www.teradyne.com.

“These suppliers accept the challenge of going the extra mile to support Cisco's business requirements, and routinely exceed expectations in key areas that differentiate them from their competition.”