Steve Sheng Named President of Spectra-Physics

Mountain View, CA, May 23, 2002 -- Spectra-Physics, a Thermo Electron business has promoted Steve Sheng to the position of President. In this role, Sheng will be responsible for formulating and implementing an aggressive growth strategy, while maintaining the company's recognized leadership position in high power solid state and semiconductor lasers for OEM and scientific markets.

"As Thermo Electron expands our presence in optical technologies, we are pleased that Steve will be leading Spectra-Physics. He has demonstrated the experience, drive and vision to take Spectra-Physics to the next level, and we believe he will play a key role in building Thermo Electron into a photonics powerhouse," notes Guy Broadbent, President of Thermo Electron's Optical Technologies Sector.

Sheng began his career at Spectra-Physics in 1979 as a Senior Laser Physicist and Engineer. He advanced through a number of management positions to become Senior Vice President in 2000. He holds a Ph.D. and M.S. in Applied Physics and an M.S. in Electrical Engineering from Stanford University. He also completed the Advanced Management Program at Harvard Business School.

Founded in 1961, Spectra-Physics is a global leader in the design, development, manufacture and distribution of semiconductor-based lasers and laser optics for a variety of end-markets. It offers a diverse line of laser products backed by a sales, service, and support organization located in more than 35 countries.

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