Exhibit 99.1

FOR IMMEDIATE RELEASE
20 June 2003

PERKINELMER CALLS OUTSTANDING ZERO COUPON CONVERTIBLE DEBENTURES FOR
REDEMPTION; COMPLETES FINAL STEP OF Q4 2002 REFINANCING

BOSTON--June 20, 2003--PerkinElmer, Inc. (NYSE: PKI) today announced that in
connection with its fourth quarter 2002 debt refinancing it has called for
redemption all of its outstanding Zero Coupon Convertible Debentures due 2020
that were not previously repurchased. The zero coupon convertible debentures
will be redeemed at a redemption price equal to $554.41 per $1,000 in principal
amount at maturity, or an aggregate of approximately $157.4 million. The
redemption date has been set at August 7, 2003.

PerkinElmer expects to use amounts it deposited into an escrow account following
its December 2002 debt restructuring transactions to pay substantially all of
the aggregate redemption price for its zero coupon convertible debentures.

Holders of the zero coupon convertible debentures will receive a notice of
redemption within the next several days.

Factors Affecting Future Performance

This press release contains "forward-looking" statements within the meaning of
the Private Securities Litigation Reform Act of 1995. Any statements contained
in this press release that relate to prospective events or developments are
deemed to be forward-looking statements. Words such as "believes,"
"anticipates," "plans," "expects," "projects," "forecasts," "will" and similar
expressions are intended to identify forward-looking statements. There are a
number of important factors that could cause actual results or events to differ
materially from those indicated by these forward-looking statements, including
risks related to our debt levels, our ability to comply with the financial
covenants contained in our credit agreements, a further downturn in our
customers' markets, our failure to introduce new products in a timely manner,
regulatory changes, risks related to our international operations, our inability
to integrate acquired businesses into our existing business and to successfully
combine our Life and Analytical Sciences businesses and competition, as well as
other factors which we describe under the caption "Forward-Looking Information
and Factors Affecting Future Performance" in our most recently filed annual
report on Form 10-K and in our most recently filed quarterly report on Form
10-Q. We disclaim any intention or obligation to update any forward-looking
statements as a result of developments occurring after the date of this press
release.

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PerkinElmer, Inc. is a global technology leader focused in the following
businesses - Life and Analytical Sciences, Optoelectronics and Fluid Sciences.
Combining operational excellence and technology expertise with an intimate
understanding of our customers' needs, PerkinElmer provides products and
services in health sciences and other advanced technology markets that require
innovation, precision and reliability. The Company serves customers in more than
125 countries, and is a component of the S&P 500 Index. Additional information
is available through www.perkinelmer.com or 1-877-PKI-NYSE.

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For further information:
Investor Contact:
Dan Sutherby
PerkinElmer, Inc.
(781) 431-4306


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