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TEKTRONIX SPINS OFF BUSINESS UNIT, FORMING CACHE SCIENTIFIC; SUBSIDIARY SEEN AS LEADING SUPPLIER IN COMPUTER-AIDED CHEMISTRY MARKET

 TEKTRONIX SPINS OFF BUSINESS UNIT, FORMING CACHE SCIENTIFIC; SUBSIDIARY SEEN AS LEADING SUPPLIER IN COMPUTER-AIDED CHEMISTRY MARKET
 BEAVERTON, Ore., Nov. 22 /PRNewswire/ Tektronix Inc. (NYSE: TEK) today announced the formation of CAChe Scientific Inc. as a wholly owned subsidiary. CAChe (Computer-Aided Chemistry) Scientific, formerly a Tektronix business unit, designs, develops and markets Macintosh-based desktop systems to meet the emerging computer-aided chemistry needs of the experimental or bench chemist.
 Tektronix has invested an undisclosed amount into the wholly owned subsidiary. CAChe Scientific will use the investment to rapidly expand its sales and marketing efforts in the United States and Europe.
 "CAChe Scientific has already proven itself as a successful business unit here at Tektronix," stated Gary Arnold, Tektronix vice president and chief financial officer. "Computer-aided tools for the bench chemist is one of the few untapped application markets. By investing in CAChe Scientific, Tektronix is able to maintain a strong interest in this large market potential while enabling CAChe to independently pursue a market very different from Tek's core businesses."
 The computer-aided chemistry market is expected to grow at a compound annual growth rate (CAGR) of 30 percent over the next few years to more than $150 million in 1995 and $500 million in the year 2000. While its competitors target the intensive computing and highly specialized modeling needs of theoretical chemists, CAChe Scientific focuses on the unique needs of bench chemists. The current market of theoretical chemists is relatively small, indicating that future growth in the market will come almost entirely from experimental chemists.
 "More than 600,000 bench chemists have been left out of the computer-aided revolution," stated George Fabel, president of CAChe Scientific. "Our easy-to-use Macintosh platform and graphics-based tools are specifically targeted at these individuals, providing them, for the first time, with powerful, intuitive tools for predicting structures, properties and reactivity. This infusion of capital will allow us to accelerate our aggressive product/market strategy and firmly establish a leadership position in this emerging market."
 The CAChe Scientific management team will be lead by Fabel as its president. Fabel brings more than 18 years of experience in industrial management and has served as the group's general manager since its inception. Robert McCarthy, chief financial officer, has held numerous financial positions in the electronics industry, including that of vice president of finance and administration at Beaverton-based Quantitative Technology Corp.
 Access to computer-aided chemistry methods with graphical visualization of the results is bringing new information about molecular structure, properties and reactivity into the hands of experimental chemists with no formal training in theoretical or computational chemistry. These tools are fundamentally changing the way chemical and biological materials are designed and developed. Their impact will be similar to that which computers and CAE tools have brought to the electronics industry; the ability to design and produce products of higher quality with reduced time-to-market and of significantly higher complexity. Computer-aided chemistry tools hold the promise of bringing about the discovery of entirely new classes of materials.
 CAChe Scientific is the industry's leading supplier of computer- aided chemistry tools for the bench chemist. The company began in 1988 as a business unit of Tektronix Inc., and shipped its first product, the CAChe Worksystem, in 1989. Based on the Apple Macintosh, the CAChe Worksystem includes two proprietary coprocessor boards which provide up to 30 times the standard compute power of the Mac IIx and a high-resolution 3D graphics and stereoscopic display. The company also develops and markets proprietary application-specific software providing chemists with tools to predict and understand molecular structures, properties and chemical reactivity. In 1990, "R&D Magazine" honored the CAChe Worksystem as "one of the top 100 products in 1990." Company headquarters are located at P.O. Box 500; Beaverton, OR 97077, U.S.A., telephone, 800-547-8949.
 Tektronix Inc. is a leading manufacturer of electronic products and systems in the areas of test and measurement, computer graphics and communications. Sales in fiscal 1991 totaled $1.3 billion.
 -0- 11/22/91
 /CONTACT: Eileen Drake of KVO Public Relations, 503-645-1551, for Tektronix Inc.; or Julie Goodrich of Tektronix Inc., 503-627-7343/
 (TEK) CO: Tektronix Inc.; CAChe Scientific Inc. ST: Oregon IN: CPR SU:


SC-JH -- SE005 -- 6388 11/22/91 12:32 EST
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Date:Nov 22, 1991
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