NASDAQ filing extension

PEABODY, MA (January 7, 2005) – Analogic Corporation (NASDAQ: ALOGE), a designer and manufacturer of high precision health and security imaging equipment, today announced that the NASDAQ Listing Qualifications Panel has granted Analogic an extension until January 31, 2005 to file its Annual Report on Form 10-K for the fiscal year ended July 31, 2004 and its Quarterly Report on Form 10-Q for the quarter ended October 31, 2004.

Analogic announced on November 2, 2004 and December 23, 2004 that it had received notices from the NASDAQ Stock Market that Analogic was not in compliance with the NASDAQ requirements for continued listing as a result of its failure to file with the SEC its Annual Report on Form 10-K for fiscal 2004 and its Quarterly Report on Form 10-Q for the quarter ended October 31, 2004, respectively, and that its common stock was therefore subject to delisting from the NASDAQ National Market. As permitted by NASDAQ rules, Analogic appealed the decision to delist its common stock, and requested an extension until January 31, 2005 to file both its Annual Report on Form 10-K and its Quarterly Report on Form 10-Q.

There is work that remains to be done in connection with the completion of Analogic’s financial statements for the periods covered by those reports and the audit and review of those financial statements by PricewaterhouseCoopers LLP. It is possible that Analogic will not be able to complete and file those reports by that date. If Analogic is not able to file those reports by such date, while Analogic would likely request a further extension, Analogic is not optimistic that such an extension would be granted, and believes that its common stock would be delisted from the NASDAQ National Market. Analogic believes that it will be able to complete and file its Annual Report on Form 10-K and its Quarterly Report on Form 10-Q by January 31, 2005.

This press release contains statements regarding future events or circumstances that involve risks and uncertainties. Those statements are considered “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995 and are made pursuant to the safe harbor provisions of that Act. Investors are cautioned that those forward-looking statements may differ materially from actual future events or circumstances as a result of various important factors, including those referred to under the heading “Business Environment and Risk Factors” in Analogic's most recent Quarterly Report on Form 10-Q on file with the SEC, as well as unforeseen issues encountered in the completion of Analogic’s review of Camtronics transactions, Analogic’s completion of its financial statements for fiscal 2002, 2003 and 2004 and the first quarter of fiscal 2005, and PricewaterhouseCoopers’ audit of the annual financial statements and review of the quarterly financial statements. In addition, the forward-looking statements included in this press release represent Analogic’s views as of the date of this press release. Analogic anticipates that subsequent events and developments may cause its views to change. However, while Analogic may elect to update those forward-looking statements at some point in the future, Analogic specifically disclaims any obligation to do so. Those forward-looking statements should not be relied upon as representing Analogic’s views as of any date subsequent to the date of this press release.