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Thermo Optek to Acquire Laser Science, Inc.

WALTHAM, Mass., Nov. 26 /PRNewswire/ -- Thermo Optek Corporation (AMEX: TOC) announced today that it has filed a registration statement with the Securities and Exchange Commission to register up to 400,000 shares of its common stock to be issued in connection with its proposed acquisition of Laser Science, Inc. (LSI). LSI designs, manufactures, and markets pulsed nitrogen, dye, and pulsed carbon dioxide (CO2) lasers.

The actual number of shares issued to LSI stockholders will be based upon the quotient determined by dividing $3,400,000 by the average closing price of Thermo Optek stock on the American Stock Exchange during the 20 trading days prior to the closing of the transaction, which the parties anticipate will occur on December 27, 1996. The transaction is structured to be a tax-free exchange of LSI stock for Thermo Optek stock. Consummation of the proposed acquisition is subject to certain conditions, including negotiation of a definitive merger agreement and approval by Thermo Optek's board of directors and LSI's shareholders.

Thermo Optek Corporation develops, manufactures, and markets analytical instruments that utilize a range of optical spectroscopy techniques. These instruments are used in the quantitative and qualitative chemical analysis of elements and molecular compounds in a wide variety of solids, liquids, and gases. Thermo Optek is a subsidiary of Thermo Instrument Systems Inc. (AMEX: THI), a Thermo Electron company.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are set forth in Item 5 of the company's Quarterly Report on Form 10-Q for the quarter ended September 28, 1996. These include uncertainties relating to competition, technological change and new product development; intellectual property rights and litigation; dependence on certain key industries and uncertainties associated with governmental regulation of such industries; and risks associated with the company's acquisition strategy and international operations.

SOURCE Thermo Electron Corporation
 -0- 11/26/96

/CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/

/Thermo Electron press releases available through Company News On Call by fax, 800-758-5804, ext. 877850, or at


CO: Thermo Electron Corporation; Laser Science, Inc.; Thermo Instrument

Systems Inc.; Thermo Optek Corporation ST: Massachusetts IN: CHM CPR SU: TNM

SB -- NETU023 -- 4307 11/26/96 10:46 EST
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Publication:PR Newswire
Date:Nov 26, 1996
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