Press Release

Teradyne, Molex Introduce VHDM 8-Row Right-Angle Male Connector

NASHUA, N.H.--(BUSINESS WIRE)--June 24, 2003--Teradyne, Inc. (NYSE: TER) Connection Systems Division (TCS), and Molex Incorporated (NASDAQ: MOLX and MOLXA) today announced the addition of an 8-row version of Teradyne's right-angle male connector - VHDM RAM - to the VHDM(R) product family. The VHDM 8-Row RAM connector provides a higher density solution (100 signals per inch) that allows designers to grow their system horizontally by creating traditional backplane components in a right-angle orientation.

Applications for the right-angle male include cable I/O interfacing directly to the edge of the daughtercard, planar extender-card applications, and straight I/O into the right-angle female VHDM connector. The VHDM product family is based upon a modular 'waferized' architecture, allowing the right-angle male wafers to be combined with power and guidance wafers to achieve an overall connector length of up to 304mm.

The VHDM 8-Row RAM connector uses the same wafer concept as the standard VHDM connector and is designed to mate with standard VHDM 8-Row Right-Angle Female connector assemblies. The product family also includes VHDM-HSD(TM), VHDM(R) L-series, coplanar and parallel stacking derivatives, and a wide variety of components including power and guidance. For more information on the VHDM product family connector visit www.teradyne.com/vhdm or www.molex.com/product/backplan/vhdm/vhdm.html.

Teradyne and Molex began their business relationship in 1996 when Teradyne licensed Molex to manufacture its HDM(R) backplane connectors. Since then, Molex has been licensed to manufacture other Teradyne backplane connector lines, including VHDM, VHDM-HSD and VHDM L-Series. The addition of VHDM 8-row RAM to both company's product portfolios represents their mutual commitment to continuously expand the VHDM product family in order to best support their customers.

Pricing and Availability:
The VHDM 8-Row Right-Angle Male connector is priced at approximately $. 20 - $.25 per line in full production volumes and will be available in June 2003 from both Teradyne and Molex.

Demonstrations:
Teradyne will exhibit June 24-25 at the International Engineering Consortium's (IEC) DesignCon East 2003 conference; Royal Plaza Hotel and Trade Center, Marlborough, Massachusetts. Booth 200.

About Teradyne, Inc.
Teradyne (NYSE: TER) manufactures Automatic Test Equipment and interconnection systems that deliver competitive advantage to the world's leading semiconductor, electronics, automotive and network systems companies. Teradyne had sales of $1.22 billion in 2002 and employs about 7000 people worldwide. For more information visit www.teradyne.com.

About Teradyne Connection Systems
Teradyne Connection Systems (TCS), a division of Boston-based Teradyne, Inc., provides total system solutions to industry leading OEMs, with high-performance circuits, high-speed, high-density connectors, backplane systems and electronic manufacturing services. Leading OEMs use Teradyne's components and electronic manufacturing services to meet their demanding technology, reliability and time-to-market requirements. For more information visit http://www.teradyne.com/tcs.

About Molex Incorporated
Molex Incorporated is a 65-year-old global manufacturer of electronic, electrical and fiber optic interconnection products and systems. Based in Lisle, Ill., USA, the Company operates 55 manufacturing facilities in 19 countries. For more information, visit Molex's website at www.molex.com or call 1 (800) 78-MOLEX.