Teradyne Diagnostic Solutions and T-Systems Develop an Integrated Diagnostic Environment for DaimlerChrysler

MANCHESTER, England--(BUSINESS WIRE)--Jan. 12, 2004--Teradyne Diagnostic Solutions, Ltd, the automotive manufacturing solutions and diagnostics subsidiary of Teradyne, Inc. (NYSE:TER), is pleased to announce that Daimler Chrysler AG (NYSE:DCX) has selected Teradyne's GRADE-X Software for use as its next generation diagnostics authoring tool. Teradyne Diagnostic Solutions, along with its consortium partner T-Systems, a division of Deutsche Telekom, will utilize Diagnostic Solutions' GRADE-X software to develop an integrated diagnostic environment that will be used world wide in the service bays of Mercedes Benz Car Group and Mercedes Benz Commercial Vehicle Division dealers.

DaimlerChrysler chose Teradyne GRADE-X to keep up with the ever increasing amount of complex electronics in today's vehicles to provide best in class after sales service.

About Teradyne Diagnostic Solutions

Based in Manchester, England, Teradyne Diagnostic Solutions provides diagnostic support to producers and users of complex electronically controlled vehicles throughout the complete product lifecycle, from Design through Manufacturing to Service. It currently employs over 400 people with offices located worldwide. For more information visit www.teradyne-ds.com.

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 6,700 people worldwide. For more information, visit www.teradyne.com. Teradyne is a trademark of Teradyne, Inc. in the US and other countries.

About T-Systems

T-Systems is one of Europe's leading providers of information and communications technology (ICT). Within the Deutsche Telekom group, T-Systems is responsible for serving major business accounts. T-Systems' solutions improve the business competitiveness of its customers in the industry sectors telecommunications, services and finance, public and healthcare as well as manufacturing. For its customers, the company optimizes processes, cuts costs and improves earnings, making targeted use of industry expertise and cutting-edge technology. In the automobile electronics sector, T-Systems combines IT expertise and process know-how. For more information about the company and its services, see www.t-systems.com.