Dielectric completes acquisition of TCI International, Inc.

RAYMOND, ME—March 23, 2001— Dielectric Communications, a unit of SPX Corporation, today announced it has completed the acquisition of TCI International, Inc. The transaction was approved by the TCI shareholders on March 20, 2001.

Dielectrics acquisition of TCI further broadens its range of product offerings to broadcasters worldwide for TV and FM products, and in the High Frequency and Medium Frequency spectrum. The addition of TCI also brings Dielectric into the field of signal processing, which includes spectrum monitoring and management, direction finding, signal collection and specialized products for military and communications intelligence customers.

Lewis M. Kling, President of Dielectric Communications welcomed TCI stating, "We are pleased to add TCI to the Dielectric family. We expect to leverage the strong heritage and talents of both organizations to facilitate growth in existing and new markets, both domestic and international. TCI products broaden our offerings to our traditional markets in the broadcast industry as well as providing advanced technologies in other bands of the RF communications spectrum."

The merger between TCI and Dielectric combines the scientific, technical, and commercial expertise of two companies that are pre-eminent designers and manufacturers of RF products and systems," said John W. Ballard, III, the President and CEO of TCI.

Dielectric Communications, based in Raymond Maine, is the nations largest manufacturer of high power TV and FM broadcast antennas, transmission line and RF systems, and a world leader in broadcast transmission system design. Dielectric is a unit of SPX Corporation. SPX Corporation is a global provider of technical products and systems, industrial products and services, service solutions, and vehicle components. For further information, please visit SPXs web site at http:// www.spx.com.