Press Release

Molex Signs Teradyne Licensing Agreement To Develop GbX Cable Assemblies

LISLE, IL - June 7, 2004 - Molex Incorporated (NASDAQ: MOLX and MOLXA) today announced it signed a new licensing agreement with the Connection Systems Division (TCS) of Teradyne, Inc. (NYSE: TER), an industry leader in high-performance connection systems. Under the agreement,Molex will develop and manufacture cable assembly solutions for Teradyne's
GbX® interconnect platform.

"Developing innovative interconnection devices for the global marketplace is a top priority for Molex. One way we accomplish this goal is by consistently and aggressively reinvesting in product and technology research and development each year," said Michael Miskin, business unit manager, High Performance Cable Group, Molex Incorporated. "By creating these GbX cable assemblies, our customers will be able to meet ever-increasing speed requirements, save board space and still lower their applied costs."

In January 2003, Molex signed a second-source licensing agreement, granting the rights to patents, trademarks and technology to make and sell Teradyne's GbX product family worldwide. Under the new agreement, Molex has further extended its capabilities to develop cable assemblies for the GbX product family.

"By manufacturing the new cabling solutions for Teradyne's GbX interconnect platform, Molex continues to strengthen our successful partnership that began in 1996. Since then, both companies have worked closely to market products that share a design, not just a specification," said Lou Zajac, marketing manager for Teradyne Connection Systems. "When the cabling solutions are available, original equipment manufacturer (OEM) users can source all GbX interconnect components with confidence that the parts will work together and meet their performance and reliability requirements."

The licensing agreement is effective immediately. Pre-production availability is expected in August 2004 and full production in January 2005.

About Teradyne Connection Systems
Teradyne Connection Systems (TCS), a division of Teradyne, Inc., is the leader in high-performance connection systems, designing and manufacturing backplane systems, printed circuit boards and the industry's leading high-speed, high-density connectors. TCS helps OEMs solve system design challenges with integrated interconnect solutions for application in the networking, communications, storage, computer server, and medical equipment markets. For more information visit www.teradyne.com/tcs.

About Molex Incorporated
Molex Incorporated is a 65-year-old global manufacturer of electronic, electrical and fiber optic interconnection systems. Based in Lisle, Illinois, USA, the company operates 55 manufacturing facilities in 19 countries. The Molex Website address is www.molex.com.

GbX® is a registered trademark of Teradyne, Inc.