Griffon Subsidiary Announces Contract Awards Totalling $4.1 Million for Maritime Surveillance Radar

FARMINGDALE, N.Y.--(BUSINESS WIRE)--Nov. 30, 2004-Telephonics to Deliver Radar for Police Department of Puerto Rico, Royal Netherlands Air Force & Namibia Fishery Department Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE:GFF), announced contract awards in excess of $4.1 million for delivery of multiple maritime surveillance radar systems. The first of three international awards is from the ECOLIFT Corporation in Puerto Rico for delivery of an APS-143 surveillance radar to be installed on a Reims F406 aircraft for the Police Department of Puerto Rico. This technologically advanced system will be integrated on the aircraft for the department's maritime surveillance missions. The Puerto Rico Police Department currently operates similar Telephonics APS-143 radar on their Beech 200 maritime patrol aircraft. Stork Aerospace has also selected Telephonics APS-143 radar for integration on the Stork Fokker 60 aircraft for the Royal Netherlands Air Force. The APS-143 radar for Puerto Rico and the Netherlands Antilles, is capable of interfacing with a forward looking infra-red (FLIR) system, providing steering and pointing commands for the high accuracy FLIR gimbal and sensor head. Engineered for optimum target detection, tracking, classification and identification, the APS-143 radar is in service worldwide for maritime patrol. In France, Reims has selected the RDR 1500 radar for integration on the F406 for the Namibia Fishery Department. An African nation of 1.7 million people, Namibia is known as one of the world's richest fishing grounds. Telephonics' radar which will be used in fisheries patrol, provides weather avoidance, beacon transponder location and waypoint navigation display. "Our customers can depend on Telephonics to deliver the most advanced technology for maritime surveillance missions available today. Telephonics high-performance modular radar systems are software re-configurable, extremely lightweight and highly reliable. I am pleased that we have been selected as a partner for these critical programs," states Kevin J. McSweeney, President, Telephonics Command Systems Division. Work on these programs will be performed at the Telephonics facilities in Farmingdale and Huntington, New York. About Telephonics Corporation A subsidiary of Griffon Corporation (NYSE: GFF), Telephonics' ( broad based, high-technology engineering capabilities provide integrated information and communication system solutions to both domestic and international markets. The company is organized into two operating divisions: Communications Systems, specializing in aircraft intercommunications, mass transit communications, and audio products; and Command Systems, specializing in traffic management systems, maritime surveillance radar and aerospace electronics; and one wholly-owned subsidiary, TLSI. Operating under the Telephonics umbrella, TLSI ( manufactures application-specific integrated circuits (ASIC) for the telecommunications, automotive and industrial security markets. About Griffon Corporation In addition to developing and manufacturing information and communication systems for government and commercial markets worldwide, Griffon Corporation is also a leader in the development and production of embossed and laminated specialty plastic films used in the baby diaper, feminine napkin, adult incontinent, surgical and patient care markets. Griffon Corporation is also a leading manufacturer and marketer of residential, commercial and industrial garage doors sold to professional installing dealers and major home center retail chains. Through a substantial network of operations located throughout the country, Griffon's building products company also installs and services specialty building products, primarily garage doors, openers, fireplaces and cabinets for new construction markets. Forward Looking Statements ``Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as ``anticipate,'' ``believe,'' ``estimate,'' ``expect,'' ``intend,'' and similar expressions, as they relate to the company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. (C) 2004 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies. Contacts Telephonics Corporation Linda Uslaner, 631-755-7583
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Source: Telephonics
Date: Dec 1, 2004

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