MV Technical Sales Named Exclusive Authorized Reseller for LTX 77/90, CP100, and Trillium Master Series Test Systems

Business Wire, July 16, 1998

SAN JOSE, Calif.--(BUSINESS WIRE)--July 16, 1998--MV Technical Sales, LLC (MVTS) based in Carlsbad, Calif. and LTX Corporation (NASDAQ:LTXX) of Westwood, Mass. have entered into a letter of intent relating to LTX77/90, CP100 and Trillium Master Series test systems.

At the closing of the transaction, MVTS will be named the Exclusive Authorized Reseller of LTX 77/90, CP100, and Trillium Master Test Systems and spares. LTX Corporation will continue to offer Service Contracts to users of LTX 77/90 Series and Trillium Master Series Systems and will work in close cooperation with MVTS to provide the service. This alliance will allow for continued availability of test systems, spares, and service for the LTX 77/90 Series and Master Series Test System users.

"We are excited about this newly formed partnership," remarked MVTS CEO, Mark Vuozzo. "The LTX 77/90 Series and Trillium Master Series Test Systems have been a standard in the test industry for many years. By pooling technology, resources,and inventory, MVTS will be well equipped to offer support to this installed base for the long term," continued Vuozzo.

As part of the agreement MVTS has also acquired the rights for the CP100 product line. MVTS will continue to offer the CP100 product in addition to its MV200, a Windows NT replacement CPU for the CP80 and CP90 processors. The MV200 is Year 2000 compliant and has a proven installed customer base. The MV200 will be available for demonstration in the MVTS booth at Semicon West in San Jose, Parkside Hall Booth No. 14124.

In consideration of the rights that will be granted to MVTS, LTX will be paid royalties on sales of test systems by MVTS.

MVTS has the option to purchase existing LTX inventory related to 77/90 test system from LTX Corporation, including custom components, to enable refurbishment and repair of the LTX 77/90 and Master Series Test Systems. The MVTS ATE Parts Catalog includes upgrades and enhancement products for LTX 77/90 Series and Trillium Master Series Test Systems. These products will continue to be provided by MVTS.

MVTS has been providing high quality refurbished LTX 77/90 Series and Trillium Master Series Test Systems and Spare Parts to LTX Users worldwide since 1994. MVTS is headquartered in Carlsbad, Calif. with service and sales offices in Singapore and Thailand, and sales representatives worldwide. For more information about the products and services of MVTS, please visit their Web site at www.mvts.com.

LTX Corporation is the only semiconductor test equipment company to offer a "one test-platform, zero compromises" solution for testing the full spectrum of system-on-a-chip, mixed-signal, digital and analog integrated circuits. Headquartered in Westwood, Mass., the company has development and manufacturing facilities in Westwood and San Jose, Calif., as well as sales and service facilities throughout North America, Europe and the Pacific Rim. LTX is traded on the NASDAQ National Market under the symbol "LTXX." Further information on LTX can be obtained by calling 888/INFOLTX (or 888/463-6589). LTX's Web site is located at http://www.ltx.com.

Note to Editors: LTX is a registered trademark, and Fusion is a trademark of LTX Corporation.

    CONTACT: MV Technical Sales, LLC
              Lisa Bruhn, 760/930-8950
              lisab@mvts.com
               or
              LTX Corporation
              Rich Yerganian, 781/467-5063
              rich_yerganian@ltx.com