Press Release

Teradyne Connection Systems Makes Technology Investments in Printed Circuit Board Capabilities

Launches Heavy-Weight Technology Team to Focus on New Product Development

Nashua, NH – January 17, 2005 – Teradyne, Inc. (NYSE: TER) Connection Systems Division, the industry leader in high-performance connection systems, announced the formation of a focused PCB Technology Team that will develop and introduce new products and processes to meet PCB technology requirements for the future. The team is comprised of veteran PCB engineers who will be committed full-time to the project.

“At Teradyne, our strategy is to focus on differentiated, leading-edge technology where we have always had a competitive advantage,” said Tom Pursch, vice president Teradyne Connection Systems. “This dedicated technology team will help us to lengthen that lead. At the same time, the business will focus aggressively on reducing our costs and partnering with overseas PCB manufacturers to provide the best possible value to our customers.”

The Division announced recent equipment purchases that will expand existing technology capabilities. Included in the nearly $2M in recent capital investments this year are a laser direct imaging system to be installed in January and an automated nomenclature machine. Implementation of Electrolytic Ni-Au, capable of 54" panels, is also underway.

Teradyne Connection Systems’ printed circuit technology and fabrication capabilities include: a wide variety of materials to enable increasing signal speeds, deep microvias, buried, blind and backdrilled vias, sequential lamination, panel sizes from 16" x 18" up to 24" x 54", layer counts to 60+ and board thicknesses up to .500". Teradyne’s printed circuit fabrication facility is MIL-PRF-31032/1A, /2, MIL-P-55110 and ITAR certified.

About Teradyne, Inc.
Teradyne (NYSE:TER) is a leading supplier of Automatic Test Equipment and interconnection systems. The company's products deliver competitive advantage to the world's leading semiconductor, electronics, automotive and network systems companies. In 2003, Teradyne had sales of $1.4 billion, and currently employs about 6,000 people worldwide. For more information, visit www.teradyne.com. Teradyne® is a registered trademark of Teradyne, Inc. in the US and other countries. All product names are trademarks or registered trademarks of Teradyne, Inc. (including its subsidiaries) or their respective owners.

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.