Medtronic Physio-Control Presents Hypertronics with Prestigious Award

Hudson, MA (September 5, 2003) — Hypertronics Corporation, a leading provider of high reliability connectors, today announced that it has been recognized as a key supplier by one of the world’s leading medical device suppliers, Medtronic Physio-Control (MPC). Hypertronics was awarded “The Supplier Performance Award for Outstanding Supplier Managed Inventory,” given to organizations who have demonstrated continuous improvement excellence utilizing MPC’s Supplier Visualization System (SVS) – an online system that manages inventory, shipments, etc.

The Company competed against dozens of other MPC suppliers and received the award for maintaining 100 percent on-time delivery over the past year, devoid of any lapse in quality – a critical aspect of Hypertronics’ interconnects - and their commitment to provide superior service and expertise to equipment manufacturers.

“It is an outstanding accomplishment for Hypertronics to be recognized by a key medical technology leader, such as Medtronic Physio-Control,” said Stuart Morris-Hipkins, Executive Vice President of Hypertronics. “As the world leader in defibrillation technology, MPC’s solutions are used by customers all over the world to save thousands of lives every year, and we take pride in the fact that our reliable connectors are a contributing factor.”

About Hypertronics Corporation

Hypertronics, based in Hudson, Massachusetts, has been a leader in the design, manufacturing, and distribution of specialty connectors for the electronics industry since 1970. Its Hypertac“ technology is renowned for delivering unfailing performance in high-reliability applications. Market segments that demand this superior performance include medical, military, aerospace, test and measurement, and industrial. The Company offers a wide range of standard catalog products as well as custom-designed connectors for more specific application needs and performance requirements. It is a wholly owned subsidiary of Smiths Group (UK: SMIN), a multinational company headquartered in London, UK. More information about Hypertronics products can be found at www.hypertronics.com.

About Medtronic Physio-Control

Medtronic Physio-Control pioneered defibrillation technology nearly 50 years ago. Today, more than 350,000 LIFEPAK devices have been distributed worldwide, making the company the leading provider of defibrillation technology for saving the lives of people suffering sudden cardiac arrest. Nine of the top 10 EMS (emergency medical services) use LIFEPAK defibrillators, and LIFEPAK defibrillator/monitors are used throughout the hospital from emergency rooms to intensive care, cardiac care and EP labs. For more information on LIFEPAK defibrillator/monitors, visit www.lifepak.com. Medtronic, Inc. (NYSE:MDT), headquartered in Minneapolis, is the world’s leading medical technology company, providing lifelong solutions for people with chronic disease. Its Internet address is www.medtronic.com.