[INRANGE Logo}

     FOR IMMEDIATE RELEASE
     ---------------------

                INRANGE TECHNOLOGIES TO BE ACQUIRED BY CNT

     LUMBERTON, NJ, APRIL 7, 2003 - Inrange Technologies Corporation
(Nasdaq: INRG), today announced that its parent company, SPX Corporation
(NYSE: SPW), has entered into a definitive agreement that will result in
the acquisition by CNT (Nasdaq: CMNT) of all of the outstanding shares of
Inrange. In a joint press release issued earlier this morning, SPX and CNT
said that the all-cash transaction is valued at approximately $190 million,
or $2.31 per Inrange share. SPX Corporation currently owns approximately
91% of Inrange.

     Inrange also announced that its first quarter 2003 revenues are
expected to be in the range of $39 - $41 million. Ken Koch, President and
CEO of Inrange, stated, "While economic conditions continued to be
difficult for Inrange during the first quarter, we are enthusiastic about
the announced transaction. A CNT-Inrange combination makes great strategic
sense for both companies, creating one of the world's largest providers of
storage networking products and solutions."

     CNT, based in Minneapolis, Minnesota, is a leading provider of
high-availability enterprise connectivity and storage networking solutions.

     ABOUT INRANGE

     Inrange Technologies Corporation (Nasdaq: INRG), a worldwide leader in
high-availability enterprise connectivity and storage networking solutions,
provides users with the building blocks to manage and expand large, complex
storage networks, simply and without geographic limitations. INRANGE'S
core-to-edge-to-anywhere solutions solve the growing storage challenges
facing today's IT organizations, while providing investment protection and
a proven foundation for future growth. INRANGE has been providing
mission-critical networking technologies for over 30 years, servicing over
2,200 customers in 90 countries. For information, visit Inrange's web site
at http://www.inrange.com or call 609-518-4000.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and are subject to the safe harbor created thereby. The words
"believe," "expect," "anticipate," "estimate," "guidance," "target," and
similar expressions identify forward-looking statements. Due to the risks
and uncertainties of our business, including, but not limited to, those
described in the "Risk Factors," "Management's Discussion and Analysis of
Financial Condition and Results of Operations," and "Business" sections of
our Annual Report on Form 10-K and the other reports we file from time to
time with the Securities and Exchange Commission, readers are cautioned not
to place undue reliance on any of these forward-looking statements, which
speak only as of the date of this release. Although we believe that the
expectations reflected in these forward-looking statements are reasonable,
we can give no assurance that such expectations will prove to be correct.
Further, we assume no obligation to update any forward-looking statements
as a result of new information or future events or developments.

INRANGE and the INRANGE logo are registered trademarks of Inrange
Technologies Corporation. All other trademarks and product names are the
property of their respective owners.

INRANGE CONTACTS:

JOE CRIVELLI, DIRECTOR OF INVESTOR RELATIONS
609-518-4498; joe.crivelli@inrange.com

DALE LAFFERTY, VICE PRESIDENT, MARKETING AND ALLIANCES
609-518-4161; dale.lafferty@inrange.com