The supplier of oscilloscopes and serial data test solutions LeCroy has reached an agreement with Japan-based Iwatsu Electric Corporation to acquire a new low-end product line for between $2 million and $3 million in cash. For more than 10 years Iwatsu distributed certain low-end LeCroy products in Japan, and LeCroy provided Iwatsu with oscilloscope components and technology for a low-end product line, which Iwatsu sold directly in the Japanese market. As part of the new agreement between the two companies, LeCroy will sell all of its products in Japan directly, including the product line it acquired from Iwatsu. Iwatsu will continue to serve as a contract manufacturer for certain of LeCroy's low-end products and as a distribution partner to help LeCroy service certain large Japanese customers. This product line will be launched as the WaveJet family in the middle of the current quarter. The devices will be LeCroy's first sub-$3000 oscilloscope product offering and reaches bandwidths as low as 100MHz.