Exhibit 99.1


PERKINELMER ANNOUNCES PLANNED SENIOR SUBORDINATED NOTES OFFERING

   BOSTON--(BUSINESS WIRE)--Nov. 29, 2002--PerkinElmer, Inc. (NYSE: PKI) today
   announced that it plans to raise up to $225 million in gross proceeds from an
   institutional private placement of unsecured senior subordinated notes. The
   notes will be guaranteed on a senior subordinated basis by certain of
   PerkinElmer's domestic subsidiaries. Completion of the offering is expected
   to take place in late December 2002, subject to market conditions.

   The private placement is a component of PerkinElmer's previously announced
   plans to refinance its existing debt.

   This announcement is neither an offer to sell nor a solicitation of an offer
   to buy any of the notes or the guarantees.

   Neither the notes nor the guarantees have been registered under the
   Securities Act of 1933, as amended, or any state securities laws. The notes
   and the guarantees will be offered only to qualified institutional buyers in
   reliance on Rule 144A under the Securities Act and outside of the United
   States in accordance with Regulation S under the Securities Act. Unless so
   registered, neither the notes nor the guarantees may be offered or sold in
   the United States except pursuant to an exemption from the registration
   requirements of the Securities Act and applicable state securities laws.

   Factors Affecting Future Performance

   This announcement contains forward-looking statements regarding our ability
   to complete this private placement and to effectively use the proceeds. These
   forward-looking statements involve a number of risks and uncertainties. Among
   the important factors that could cause actual results to differ materially
   from those indicated in such forward-looking statements include uncertainties
   relating to market conditions for corporate debt securities in general and
   our notes in particular. While we may elect to update forward-looking
   statements at some point in the future, we specifically disclaim any
   obligation to do so.

   PerkinElmer, Inc. is a global technology leader focused in the following
   businesses -- Life and Analytical Sciences, Optoelectronics, and Fluid
   Sciences. Combining operational excellence and technology expertise with an
   intimate understanding of its customers' needs, PerkinElmer creates
   innovative solutions -- backed by unparalleled service and support -- for
   customers in health sciences, semiconductor, aerospace, and other markets
   whose applications demand absolute precision and speed. The Company markets
   in more than 125 countries, and is a component of the S&P 500 Index.
   Additional information is available through www.perkinelmer.com or
   1-877-PKI-NYSE.

   CONTACT:
   PerkinElmer, Inc.
   Diane Basile, 781/431-4306 (Investor Contact)
   or
   PerkinElmer, Inc.
   Jim Monahan, 781/431-4111 (Media Contact)