MRS Technology Announces Sale of PanelPrinter to EG&G

Business Wire, Oct 30, 1996

CHELMSFORD, Mass.--(BUSINESS WIRE)--Oct. 30, 1996--MRS Technology, Inc. (NASDAQ:MRSI) today reported the receipt of an order for a specially reconfigured PanelPrinter system from EG&G, Inc.

Delivery of the system is scheduled for this winter. Financial details of the transaction were not released. EG&G is a global technology company that provides complete systems, as well as components, to automotive, medical, aerospace, photography and other industries.

EG&G has developed technology for manufacturing amorphous silicon sensor arrays on flat glass panels. The PanelPrinter will be installed at EG&G's new silicon panel manufacturing facility in California.

"We are pleased that EG&G's success in developing this manufacturing process has resulted in an investment to increase capacity at this innovative facility," said Griff Resor, president and CEO of MRS Technology. "This is a good example of the manufacturing advances being made possible by investments in flat panel display industry. The same types of pixel arrays that create images for screens can also capture digital electronic images for computer processing and display."

MRS Technology, Inc., is a leading supplier of advanced systems for the production of flat panel active-matrix (AMLCDs) field emission displays (FEDs), multi-chip modules (MCMs), and other large-area lithography-based electronic products. Based in Chelmsford, MRS markets its products in North America, Europe, Japan, Korea, Israel, Taiwan, Singapore and China. The company's common stock is traded on the Nasdaq National Market; it trades under the symbol MRSI.

CONTACT: MRS Technology, Inc.

Jack Steele, 508/250-0450 Ext. 218

or

The Loomis Group, Inc.

Bruce Bedortha or Tanya Rodante, 415/882-9494