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Fremont, CA -- October 29, 2003 -- PerkinElmer Optoelectronics, a global technology leader providing market-driven integrated solutions for biomedical and industrial applications, today announced that it was selected by three key customers to provide its recently developed smart thermopile detector devices to worldwide market leaders in household, personal care, and automotive products. As part of these agreements, worth a total of $8 million over the next 18 months, PerkinElmer is providing custom thermopile modules – detectors that directly sense thermal radiation – for industrial and commercial applications that require a low-cost sensing solution offering high accuracy, compact size, and long-term stability. Embedded within the respective application, the fingertip-sized thermopile device detects and measures the infrared heat generated by the object. The infrared emission is converted into a voltage output and the respective temperature is then displayed on an LCD or is used to drive a control unit. “PerkinElmer’s sensors represent the latest development in thermopile technology, and demonstrate yet another example of how we are integrating solutions with our customers’ needs. We are pleased to apply this technology to the development of accurate and smart temperature controllers,” said John Murphy, president, PerkinElmer Optoelectronics. “The decision by our customers to select PerkinElmer reflects our ongoing commitment to providing quality, superior service and support, on-time delivery, and reliable, precise performance to meet the specific demands of their applications.” To ensure accuracy, PerkinElmer’s thermopile sensors are 100% calibrated and tested according to product specifications. Easy adaptation is made possible, as they do not require cooling or thermal stabilization. Furthermore, the thermopiles are capable of providing temperature resolution of 0.1 degrees Celsius, required for accurate temperature measurement. PerkinElmer’s thermopile detectors can be used in a variety of applications for non-contact infrared temperature measurement, including ear thermometers, handheld pyrometers, home appliances such as hair dryers and toasters, home and automotive climate control systems, and temperature control in microwave ovens, laser printers and copiers. 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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