Analogic Board of Directors Authorizes Stock Repurchase Program

Business Wire, June 7, 2005

PEABODY, Mass. -- Analogic Corporation (NASDAQ:ALOG), a leading designer and manufacturer of high-precision health and security imaging equipment, announced today that its Board of Directors has authorized the repurchase of up to $25,000,000 of the Company's common stock. These repurchases are expected to be made during the next twelve months through brokers and dealers in the public market or in privately negotiated transactions.

John Wood, President and CEO, said, "This repurchase program reflects our ongoing commitment to improving the investment value of our stock while at the same time profitably growing our business. Even with the completion of this stock buy-back, we will still have sufficient cash available to continue our strategy of identifying and acquiring businesses that complement our existing health and security imaging businesses."

The repurchase program will be funded using the Company's working capital.

Analogic had approximately 13,725,000 shares of common stock outstanding as of April 30, 2005.

Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems sold primarily to Original Equipment Manufacturers (OEMs). The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), Patient Monitoring, Cardiovascular Information Management, and Embedded Multiprocessing.

Statements in this press release regarding the Company's intention to repurchase shares of its common stock under the stock repurchase program, the intended use of any repurchased shares, and the source of funding are forward-looking statements. There are a number of important factors that could cause actual events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, the market price of the Company's stock prevailing from time-to-time, the Company's cash flows from operations, general economic conditions, and other factors identified in the Company's most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q filed with the SEC.