Tektronix and GE Vendor Financial Services Provide Customers With Alternative Financing Program

11/14/2002 - Tektronix, a leading manufacturer of test and measurement equipment, announced a new leasing program through Tektronix eQuip FinanceTM that will provide its customers with a variety of options for leasing or financing acquisitions of Tektronix' full line of test and measurement products and services.

Offered jointly with GE Vendor Financial Services (GE VFS), a global provider of financing solutions to manufacturers, dealers and end-users, Tektronix eQuip Finance will provide a variety of custom-designed programs to its U.S. customers including lease lines of credit, flexible payment schedules and the ability to upgrade equipment to current technologies without excessive financial burden. As the program grows, GE VFS has the resources and locations to extend these services to Tektronix customers across the globe.

"Despite the economic downturn, our customers continue to invest in developing products. However, smaller capital equipment budgets have made financing options a key consideration for many of our customers considering an investment in test and measurement equipment," said Rich McBee, Vice-President of Worldwide Sales and Marketing, Tektronix. "GE VFS's depth of experience in working with high-tech companies and its back-office infrastructure assure our customers receive prompt financing options at market-competitive rates in one easy step."

Established in 1999, Tektronix eQuip Finance, the captive lease financing program for Tektronix, Inc. provides customers with quick, easy access to the most innovative test and measurement technology available. The Tektronix eQuip FinanceTM program offers a variety of lease types to match the total solution to each customer's specific equipment and financial needs. Highly competitive leasing rates and flexible financing options are available to customers on all test and measurement equipment, service contracts, installation and software. The program includes cost-saving bundling of maintenance agreements, software and integration. The financial considerations of tax advantages, cash conservation and preservation of credit lines make the Tektronix eQuip FinanceTM program a sound, smart, cost-savings program for virtually all Tektronix customers.

About the Companies
GE Vendor Financial Services is a global leader in developing and providing financial solutions and services to equipment manufacturers, distributors, dealers and their end users. With nearly $20 billion in served assets worldwide, Vendor Financial Services helps its customers drive new business and strengthen their existing business by providing superior service, a commitment to quality and the application of the latest e-commerce technology. Vendor Financial Services serves approximately 100 manufacturers, 4,500 dealers and currently has over 500,000 accounts in 33 countries.

Tektronix, Inc. is a test, measurement and monitoring company providing measurement solutions to the communications, computer and semiconductor industries worldwide. With more than 55 years of experience, Tektronix enables its customers to design, build, deploy and manage next-generation global communications networks, computing and advanced technologies. Headquartered in Beaverton, Ore., Tektronix has operations in more than 20 countries worldwide.

Tektronix is a registered trademark of Tektronix, Inc.

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