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WYLE SIGNS 15-YEAR TECHNOLOGY TRANSFER AGREEMENT WITH KONEL; POSITIONED TO BENEFIT FROM KOREAN NUCLEAR POWER MARKET

 EL SEGUNDO, Calif., Feb. 17 /PRNewswire/ -- Wyle Laboratories (NYSE: WYL) announced that its Scientific Services & Systems Group has signed a 15-year technology transfer agreement with Korean Nuclear Engineering Laboratory Ltd. (KONEL).
 Under the contract, Wyle will provide consulting and training services required to establish KONEL as an engineering, test and certification laboratory for the Korean nuclear power industries, including these specific capabilities:
 -- Equipment inspection and qualification testing;
 -- Nuclear-grade spare parts for power plants;
 -- Seismic analysis and testing;
 -- Aging analysis; and
 -- Nuclear plant maintenance for pumps, valves, snubbers and other safety-related equipment.
 Wyle also signed a separate contract to supply specialized laboratory test and calibration equipment to KONEL as part of KONEL's Phase 1 building program. The initial value of the two agreements is in excess of $1.4 million.
 As KONEL develops its own independent capabilities, Wyle and KONEL will jointly provide nuclear qualification testing to the burgeoning Korean market. The Republic of Korea and the Pacific Rim countries represent the world's most actively growing markets for nuclear energy services over the next decade.
 KONEL will play a key role in helping the country achieve the goal of 95 percent Korean content in the construction of its nuclear power plants by 1995. Nine nuclear power plants are operating in the Republic of Korea today and the nation plans to bring 18 additional plants on-line over the next 14 years.
 KONEL was founded by Dr. Byung Ryung Koh, Ph.D., the former chief of nuclear safety policy for KAERI (Korea Atomic Energy Research Institute). The KONEL facility, which will be the country's first nuclear engineering laboratory, will be operational by June 30, 1993. The first building in the KONEL complex was completed and occupied last month.
 KONEL is located in Taejon, Korea, about 100 miles south of Seoul. KAERI, along with approximately 20 other national research laboratories and more than two dozen private research centers, is also located in Taejon.
 Wyle Laboratories is a major supplier of research, engineering, testing and support services to the aerospace, defense and energy industries. The company is also one of the nation's leading marketers of high-technology electronic products, specializing in semiconductors, computer systems and related value-added services.
 -0- 2/17/93
 /CONTACT: The Foristall Company, 213-626-4524, for Wyle Laboratories/
 (WYL)


CO: Wyle Laboratories ST: California IN: ARO CPR SU:

KJ-MS -- LA007 -- 7286 02/17/93 11:30 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:393
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