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WALTHAM, Mass., March 4 /PRNewswire/ -- Thermos Electron Corporation (NYSE: TMO) today reported that net income for the year ended January 3, 1998, increased 25 percent to $239.3 million, or $1.57 per share, from $190.8 million, or $1.35 per share, last year. Revenues increased 21 percent to $3.6 billion in 1997 from $2.9 billion in 1996. Thermo Electron Corporation is a world leader in monitoring and analysis instruments, biomedical products such as heart-assist devices and mammography systems, papermaking and recycling equipment, alternative-energy systems, industrial process-quality equipment, and other specialized products and technologies. The company also provides a range of services related to environmental quality and personal care. With annual worldwide sales of $3.6 billion, Thermo Electron has approximately 22,000 employees and operations in 22 countries. Headquarters are in Waltham, Massachusetts. More information is available on the Internet at http://www.thermo.com.