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Miniaturized flashlamps improve photograph lighting for digital cameras embedded in mobile phones Fremont, CA -- April 29, 2003 -- PerkinElmer Optoelectronics, a global technology leader providing market-driven integrated solutions for biomedical and industrial applications, today announced it has closed a multi-million dollar deal to provide flashlamps to a leading manufacturer of digital cameras based in Taiwan. The high quality and small size of PerkinElmer's flash modules allow them to be embedded in mobile phones with digital cameras. The deal represents PerkinElmer's continued foray into the mobile phone digital camera market, which is expected to top 80 million global shipments in 2003 with the potential for exponential growth in 2004 and beyond. Currently, the majority of digital cameras embedded in mobile phones use an LED for photograph lighting. PerkinElmer's miniaturized flashlamps provide dramatic improvements over LED in terms of increased light output, improved color temperature, decreased battery consumption and lower cost, making flash the ideal light source for digital cameras embedded in mobile phones. Miniaturization continues to drive demand for embedded flash units in mobile phone digital cameras. PerkinElmer currently supports this market with a wide variety of capillary lamps combined with extended expertise in the design of reflector assemblies. Additional miniaturized flash components from Perkinelmer Optoelectronics are on the horizon. PerkinElmer provides a one-stop solution for flash modules from concept to mass production, including the design and manufacturing of flashtubes, strobe PCBs, reflector assemblies, trigger coils, transformers and phototransistors. "PerkinElmer is bringing its best-in-class manufacturing practices to digital camera makers to help them take advantage of the many benefits provided by our new flash technology," said John Murphy, President of PerkinElmer Optoelectronics. "Together, we are capitalizing on the tremendous growth opportunity this market holds by driving the next-generation of smart devices." Factors Affecting Future Performance This press release contains "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to estimates and projections of future earnings per share, cash flow and revenue growth and other financial results, developments relating to our customers and end-markets, and plans concerning business development opportunities. Words such as "believes," "intends," "anticipates," "plans," "expects," "projects," "forecasts," "will" and similar expressions, and references to guidance, are intended to identify forward-looking statements. Such statements are based on management's current assumptions and expectations and no assurances can be given that our assumptions or expectations will prove to be correct. A number of important risk factors could cause actual results to differ materially from the results described, implied or projected in any forward-looking statements. These factors include, without limitation: (1) our failure to introduce new products in a timely manner; (2) our ability to execute acquisitions and license technologies, or to successfully integrate acquired businesses and licensed technologies into our existing business or to make them profitable; (3) fluctuations in the global economic and political environments; (4) markets into which we sell our products decline or do not grow as anticipated; (5) our failure to adequately protect our intellectual property; (6) the loss of any of our licenses or licensed rights; (7) our ability to compete effectively; (8) fluctuation in our quarterly operating results and our ability to adjust our operations to address unexpected changes; (9) significant disruption in third-party package delivery and import/export services or significant increases in prices for those services; (10) disruptions in the supply of raw materials and supplies; (11) our ability to produce an adequate quantity of products to meet our customers' demands; (12) the manufacture and sale of products may expose us to product liability claims; (13) our failure to maintain compliance with applicable government regulations; (14) regulatory changes; (15) our failure to comply with health care industry regulations; (16) economic, political and other risks associated with foreign operations; (17) our ability to retain key personnel; (18) restrictions in our credit agreements; (19) our ability to realize the full value of our intangible assets; (20) significant fluctuations in our stock price; and (21) other factors which we describe under the caption "Risk Factors" in our most recent annual report on Form 10-K and in our other filings with the Securities and Exchange Commission. We disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this press release. About PerkinElmer, Inc. PerkinElmer, Inc. is a global leader focused on improving the health and safety of people and the environment. The Company reported revenue of approximately $2 billion in 2008, has around 8,500 employees serving customers in more than 150 countries, and is a component of the S&P 500 Index. Additional information is available through www.perkinelmer.com or 1-877-PKI-NYSE.
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