Teradyne Joins General Services Administration -- GSA -- Program To Streamline Procurement by Department of Defense Customers

BOSTON--(BUSINESS WIRE)--Aug. 13, 2003--Teradyne, Inc. (NYSE:TER) announced that the U.S. Government's General Services Administration (GSA) awarded its Assembly Test Division a five-year contract on June 19. Teradyne's GSA contract is with the Information Technology Group, GSA Group 70. The contract number is GS-35F-0712N.

"An increasing number of our customers in the Department of Defense require GSA schedules in order to procure Automatic Test Systems," said Carl Rosenblatt, military-aerospace business unit manager, Teradyne, Assembly Test Division. "Teradyne obtained the GSA contract in order to reduce the time, complexity, and costs associated with procuring Teradyne test products by our customers in the DoD."

“Teradyne obtained the GSA contract in order to reduce the time, complexity, and costs associated with procuring Teradyne test products by our customers in the DoD.”

Rosenblatt continued, "Advantages for our customers include reduced acquisition costs, reduced paper work to get orders placed, and reduced cycle time on order placement. In addition, customers are assured of getting most favored customer pricing."

The GSA contract currently covers the following Teradyne Assembly Test Division products and services: Spectrum(TM) 9000-Series functional test systems, Ai7-Series(TM) analog test instrument (ATI), M9-Series(TM) digital test instrument (DTI), LASAR(TM) V6 test simulation software, VICTORY(TM) boundary-scan test software, maintenance, training, and engineering services. Teradyne will add additional products to the contract in the future.

The Teradyne GSA contract includes pre-negotiated discounts, Terms & Conditions, Small and Disadvantaged Subcontracting Plan, Certifications, Shipping, and Warranty.

About the GSA

The U.S. GSA is the federal government's central procurement agency. GSA helps other federal agencies acquire the space, products, services, and consulting they need from federal and commercial sources. For more information, visit www.gsa.gov.

About Teradyne

Teradyne (NYSE:TER) is the world's largest supplier of Automatic Test Equipment, and a leading supplier of interconnection systems. The company's products deliver competitive advantage to the world's leading semiconductor, electronics, automotive and network systems companies. In 2002, Teradyne had sales of $1.22 billion and currently employs about 6700 people worldwide. For more information, visit www.teradyne.com.