Wednesday June 18 9:25 AM EDT
Company Press Release
Major U.S. Automotive OEM company selects GenRad as partner for
future worldwide diagnostic system project
WESTFORD, Mass.--(BUSINESS WIRE)--June 18, 1997--
GenRad's Advanced Diagnostic Solutions Division Selected For
Multi-Million Dollar Contract
GenRad, Inc., (NYSE:GEN) today announced that a Major U.S. Automotive OEM has selected GenRad's Advanced
Diagnostic Solutions (ADS) division to be the full-service supplier for the Company's future Worldwide Diagnostic System
project. The scope of the contract will include the supply of software development tools, diagnostic applications authoring and
hardware systems throughout the world to the OEM's dealerships.
The specific terms of this multi-million dollar, multi-year contract have not yet been finalized.
Advanced Diagnostic Solutions (ADS) Background
Advanced Diagnostic Solutions, headquartered in Manchester, England, is a leading supplier of vehicle-diagnostics and
information solutions, specializing in complex electrical and electronics systems for automotive, aerospace and related
industries.
GenRad Background
GenRad, Inc. provides manufacturers and OEMs with hardware, software and services to optimize manufacturing and
after-market service productivity through increased yields and lower life cycle costs. GenRad employs approximately 1,300
people world-wide, of whom 35 percent are applications, software and hardware engineers.
Statements made in this press release which are not historical, including statements regarding product demonstration, product
capabilities and markets are forward looking statements and as such are subject to a number of risks. Please see the
Company's 1996 Annual Report and other reports filed pursuant to the Securities Exchange Act of 1934 for additional
disclosure regarding such risk factors. |
