Advanced technologies such as xenon lamps and cooled cameras drive next-generation "smart" devices

Fremont, CA -- May 21, 2003 -- PerkinElmer Optoelectronics today announced that it has reached two agreements with customers worth more than $9 million to provide manufacturers in the military-aerospace industry with advanced technologies to meet their stringent performance requirements.

As part of these agreements, PerkinElmer is providing a range of custom and off the shelf technologies for a variety of applications; including CCD cameras for night vision surveillance and complete high-intensity handheld IR illuminator systems for active reconnaissance and remote security surveillance. In addition, the CCD cameras can be packaged with the IR illuminators to provide true stand-alone system functionality.

Today's news reflects PerkinElmer's leadership in providing high-performance, reliable technologies that are driving the next generation of "smart" devices in military, aerospace, law enforcement, homeland security and various industrial applications. PerkinElmer's product family, which includes sensors, advanced imaging solutions, power systems, radiant sources and more, is backed by ISO 9001-certified design, production and test capabilities, and over 50 years of experience in hardware, software and systems integration.

"From design to deployment, PerkinElmer has a long tradition of delivering state-of-the-art solutions that meet the most demanding performance environments," said John Murphy, President of PerkinElmer Optoelectronics. "We are uniquely qualified to provide our defense-aerospace partners with expertise, solutions and support enabling them to meet and exceed their mission-critical application needs."

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.

		For Further Information:
		Media Contact: Kristen Kmetetz Porter Novelli Life Sciences 617.897.8272 (office) Kristen.kmetetz@porternovelli.com or Francine S. Bernitz Marketing Director, Illumination and Detection Solutions PerkinElmer, Inc. Francine.bernitz@perkinelmer.com 978.224.4321 (office) 781.789.3178 (cell)