PE Corporation and NewcoGen Group in Strategic Alliance.

Norwalk, CT, 9/9/99-PE Corporation intends to establish a strategic alliance with NewcoGen Group, a new organization which plans to create, develop, and invest in new enterprises in the life sciences and information fields. The group was recently formed by Noubar B. Afeyan, Ph.D., former senior

vice president and chief business officer of PE Corporation and founder of PerSeptive Biosystems. Under the partnership, the two companies will jointly assess new technologies and new markets for potential new companies, explore spin-out possibilities, and establish early commercialization partnerships with companies created by NewcoGen. PE Corporation will also invest $5 million in a joint investment fund with NewcoGen for "seeding promising new projects."

Dr. Afeyan has a strong track record of technology commercialization and entrepreneurship. Earlier ventures tended to have more technology than small business structures could market effectively. With the deep pockets and strong infrastructure of PE to back up enterprises he begins, he has the potential of creating innovative and very competitive businesses. PE benefits by having the first shot at new products and technologies they develop.