Filer: Thermo Electron Corporation
                                         Subject Company: ThermoLase Corporation
                                  Subject Company Exchange Act File No.: 1-13104
                                    Registration Statement No.: 333-____________

PRESS RELEASE:
Investor Contact: 781-622-1111
Media Contact: 781-622-1252

                 THERMO ELECTRON ANNOUNCES CONTINUED PROGRESS ON
                             COMPANY REORGANIZATION

WALTHAM, Mass., April 13, 2000 - Thermo Electron Corporation (NYSE-TMO)
announced today that 10 weeks after unveiling its aggressive plan to simplify
the company and focus solely on its core measurement and detection instruments
business, the company has taken three companies private - with one additional
cash tender offer deadline set for midnight tonight and another for April 27.
The company also filed with the Securities and Exchange Commission (SEC) the
required documents for two additional cash spin-ins, and submitted to the
Internal Revenue Service (IRS) its ruling requests for the planned spinoffs of
its Thermo Fibertek business and a new medical products company as dividends to
Thermo Electron shareholders.

         "We are on track with our aggressive timetable to complete our
reorganization plan," said Richard F. Syron, chairman, president, and chief
executive officer of Thermo Electron. "With the tender offer for Thermo
BioAnalysis set to expire tonight and Metrika Systems in two weeks, we expect to
complete five of the measurement and detection instrument company spin-ins by
early May. In addition, we are awaiting SEC clearance of our filings related to
the Thermo Optek and ThermoQuest mergers, at which time we will set dates for
the completion of these short-form mergers. We are confident these transactions
can be accomplished before the end of May."

         Syron continued, "I'm also pleased to report progress on our planned
divestitures of noncore businesses with aggregate revenues of $1.2 billion.
Since June 1999, we have sold businesses with aggregate 1999 revenues of
approximately $206 million, generating cash and noncash pretax proceeds of
approximately that number, and we continue to have fruitful discussions with
other potential buyers. We plan to reinvest the substantial proceeds we expect
to generate from these sales to fund our ambitious growth plans for our core
measurement and detection instruments business.

         "We invite the public to follow our reorganization progress by clicking
on 'Reorganization Update' on the Thermo Electron home page, at www.thermo.com."

         A summary of other pending transactions follows:

          * By the end of April, the company expects to submit the necessary
            filings to the SEC for the Thermo Instrument and Thermedics exchange
            offers, at which time it will commence both exchange offers.

          * By early May, the company expects to submit necessary filings to the
            SEC on the Thermo Ecotek short-form merger and the ThermoLase and
            ThermoTrex long-form mergers. (Because Thermo Electron controls a
            majority of the shares on ThermoLase and ThermoTrex, shareholder
            approval is assured on these transactions.)

                                     -more-





          * The company has already received SEC clearance of its proxy
            materials for the proposed long-form merger of The Randers Killam
            Group subsidiary, and has set May 15, 2000, as the date for
            shareholders to vote on the merger. (Because Thermo Electron and
            Thermo TerraTech together control approximately 96 percent of The
            Randers Killam Group, shareholder approval is assured.)

          * The company is awaiting SEC clearance of necessary filings on the
            ThermoRetec and Thermo TerraTech mergers, at which time it will set
            meeting dates for shareholder approval. (Thermo Electron also
            controls a majority interest in these companies, so shareholder
            approval is assured.)

          * Because IRS review of private letter ruling requests typically takes
            up to nine months, the company expects to complete the Thermo
            Fibertek and medical products company spinoffs to shareholders by
            late 2000, or early 2001.

         Thermo Electron Corporation is a leading provider of analytical and
monitoring instruments used in a broad range of applications, from life sciences
research to telecommunications to food and beverage production. In addition,
Thermo Electron serves the healthcare market through a family of medical
products, and is a major producer of paper recycling systems and provides
water-clarification and fiber-recovery products and services. As announced on
January 31, 2000, the company has initiated a major reorganization that would
transform it into one company focused on its core measurement and detection
instruments business. Its medical products and paper recycling businesses will
be spun off as dividends to Thermo Electron shareholders. More information is
available on the Internet at http://www.thermo.com.

OTHER IMPORTANT INFORMATION:
SOME OF THE TRANSACTIONS DESCRIBED IN THIS ANNOUNCEMENT HAVE NOT YET COMMENCED.
AS SOON AS WE COMMENCE OUR EXCHANGE OFFERS FOR THERMO INSTRUMENT AND THERMEDICS,
WE WILL FILE TENDER OFFER STATEMENTS AND REGISTRATION STATEMENTS ON FORM S-4
WITH THE SEC. IN ADDITION, WE HAVE NOT YET FILED REGISTRATION STATEMENTS ON FORM
S-4 RELATING TO THE PROPOSED SHORT-FORM MERGER WITH THERMO ECOTEK AND THE
LONG-FORM MERGERS WITH THERMOTREX AND THERMOLASE. YOU SHOULD READ EACH OF THESE
DOCUMENTS WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION ABOUT THE PROPOSED TRANSACTIONS. YOU CAN OBTAIN THE TENDER OFFER
STATEMENTS, REGISTRATION STATEMENTS, AND OTHER DOCUMENTS THAT ARE FILED WITH THE
SEC FOR FREE WHEN THEY ARE AVAILABLE ON THE SEC'S WEB SITE AT
http://www.sec.gov. IF YOU WRITE US OR CALL US, WE WILL SEND YOU THESE DOCUMENTS
FOR FREE WHEN THEY ARE AVAILABLE, AS APPLICABLE TO THE PARTICULAR TRANSACTION:

   *   TENDER OFFER STATEMENTS (EXCEPT FOR EXHIBITS)
   *   REGISTRATION STATEMENTS ON FORM S-4
   *   OFFERS TO PURCHASE
   *   LETTERS OF TRANSMITTAL
   *   NOTICES OF GUARANTEED DELIVERY

YOU CAN CALL US AT (781) 622-1111 OR WRITE TO US AT:

     INVESTOR RELATIONS DEPARTMENT
     THERMO ELECTRON CORPORATION
     81 WYMAN STREET, P.O. BOX 9046
     WALTHAM, MA 02454-9046