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GenRad Begins Shipment of Global Diagnostic System

21 September 1999

GenRad Begins Shipment of Global Diagnostic System to North American Dealerships

    WESTFORD, Mass.--Sept. 20, 1999--GenRad, Inc. today announced that it has begun initial shipment of a global diagnostic system into North American dealerships of a major U.S. automotive OEM. Under a contract entered into in 1997, GenRad will supply units to the franchised dealerships throughout the world. The scope of the contract includes the supply of software development tools, diagnostic applications authoring and hardware systems throughout the world to the OEM's dealerships.
    The North American launch includes the U.S., Canada and Mexico. Shipments to the European dealers began in Q2 of 1999. Shipments are expected to continue throughout the world on a scheduled basis through 2001.
    This system replaces several diagnostic tools currently being used by the OEM automotive dealers. It was selected as the diagnostic system of choice for its ability to keep pace with the rapidly advancing vehicle technology worldwide. It provides diagnostic information for all specified brands of this automobile maker beginning with the model-year 1996 and going forward.
    Paul Geere, President of GenRad's Advanced Diagnostic Solutions (ADS) business unit commented, "The initial shipment of these units into North America represents a milestone for GenRad. We are very pleased to have been selected as the premiere automotive diagnostic solution provider for this major automotive manufacturer."

    GenRad Background

    GenRad, Inc. provides electronics OEMs and their customers with the hardware, software and services to increase productivity by optimizing product design, manufacturing and after-market service. GenRad, headquartered in Westford, MA, offers products and services through three business units: Advanced Diagnostic Solutions (ADS), Electronic Manufacturing Solutions (EMS), and GR Software (GRS). GenRad's web site address is http://www.genrad.com.

    GenRad's most current shareholder information is available by visiting our Website at http://www.genrad.com or calling our Fax on Demand Service at (800) 469-1261.

    Statements made in this press release which are not historical, including statements regarding future performance, product capabilities and markets and statements such as "are expected to" are forward looking statements and as such are subject to a number of risks. Factors that may cause results to differ materially from those projected are discussed in GenRad's 1998 Annual Report on Form 10-K for the fiscal year ending January 2, 1999 and form 10-Q for the quarter ended July 3, 1999 under the section "Management's Discussion and Analysis of Financial Conditions and Results of Operations - Factors That May Affect Future Results."