Kadant Corporate

News Release

Thermo Fibertek to Discuss Performance in Pre-Recorded Message, Available Wednesday, April 25, 2001

April 20, 2001 at 12:00 AM EDT

WALTHAM, Mass., April 20, 2001 – Thermo Fibertek Inc. (ASE:TFT) announced that it will release its 2001 first quarter results on Wednesday, April 25, 2001. The company will make a pre-recorded message available on Wednesday, April 25, 2001, after 5 p.m.

Included in the pre-recorded message will be a discussion of 2001 first quarter performance for Thermo Fibertek and its Thermo Fibergen Inc. subsidiary, as well as expectations for both companies in 2001.

To listen to the recording, call 888-689-6813 within the U.S., or 402-530-0460 outside the U.S. The replay will be available until May 7, 2001. At the close of business on April 25, 2001, an audio archive Web version of the call will also become available until May 7, 2001. Click on the “audio archive” section of the “Investor Info” page, accessible at www.thermo.com.

Thermo Fibertek Inc. develops, manufactures, and markets a range of equipment and products for the domestic and international papermaking and paper recycling industries, including de-inking systems, stock-preparation equipment, water-management systems, and accessories. Through its majority-owned Thermo Fibergen subsidiary, the company also develops and commercializes composite building materials produced from natural fiber and recycled plastic. Thermo Fibertek is a public subsidiary of Thermo Electron Corporation. More information is available at www.fibertek.com.

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