Wood

PEABODY, MA (August 18, 2003) - Bernard M. Gordon, Founder, Chairman of the Board, and Chief Executive Officer of Analogic Corporation (NASDAQ: ALOG), announced today that John W. Wood Jr. will succeed him as Chief Executive Officer (CEO) effective today, August 18. Gordon will continue to serve as Chairman of the Board.

Gordon, now 76, recognized as the "father of high-speed analog-to-digital conversion," founded Analogic Corporation in 1969 and is internationally known for the numerous inventions conceived by him and the engineering teams he has led for over five decades. These inventive developments include: digital Doppler radar; the ubiquitous dot matrix computer display; the first high-speed analog-to-digital converter; the first digitization of music and video; the first fetal monitors; the first instant imaging computed tomography (CT) systems; the first quadrature baseband, phased-array ultrasound systems; the first lightweight, mobile CT systems; and the first dual-energy, multislice security CT scanner, among many other innovations. For his pioneering developments, he was awarded the National Medal of Technology in 1986.

Gordon will now focus his efforts toward charting the future technical direction of Analogic, which is recognized worldwide for its inventive engineering of advanced medical and security imaging equipment.

John Wood joined the Company as President in April of this year. Recently, he had served as President of Peek Ltd., a Division of Thermo Electron Corporation, and as a Senior Vice President of the parent company. Prior to that he served for a number of years as President and Chief Executive Officer of Thermedics, a subsidiary of Thermo Electron. Mr. Wood's education includes a Bachelor's degree in Electrical Engineering from Louisiana Tech University and a Master's Degree in Electrical Engineering from the Massachusetts Institute of Technology.

Gordon observed that Wood, age 59, had already been very well received in the Company. "John brings a variety of skills to bear in the Company. He has been involved in the development of innovative medical equipment for decades. Moreover, he played a role in the 1988 investigation of the Pan Am Flight 103 tragedy. Thermedics, under his direction, developed the trace chemical detector that determined the cause of the disaster. John's breadth of engineering background and experience is complemented by a broad range of business and organizational skills. We are confident he will run the Company to take full advantage of its breadth of capabilities, to better exploit the array of opportunities we foresee in both health and security markets."

Wood expressed his gratitude to the Board and to Mr. Gordon for their confidence in him. "It is an honor to be leading Analogic, with its long and enviable history of engineering innovation, particularly in medical imaging applications. The Company has recently made major technological advances in security imaging as well, building on the unique, inventive engineering culture Bernard Gordon has established at Analogic. I look forward to working very closely with the Company's experienced management team and inventive engineering staff to enhance the Company's long-term growth in both health and security imaging technology."

Analogic Corporation is a leading designer and manufacturer of advanced health and security systems and subsystems. The Company is recognized worldwide for advancing the state of the art in Computed Tomography (CT), Digital Radiography (DR), Ultrasound, Magnetic Resonance Imaging (MRI), Patient Monitoring, Cardiovascular Information Management, and Embedded Multicomputing.
.