CLEARWATER, FLORIDA, October 3, 2001 -- Ned Schiff, vice president of U.S. commercial marketing and sales for Technology Research Corporation (TRC), (NASDAQ:TRCI), announced today that it will be supplying The Home Depot with its Fire Shield Safety Extension Cord beginning October 1, 2001, in 96 Home Depot Florida region stores.

“We selected the Fire Shield Safety Extension Cord because of its unique built-in cord fire prevention capability,” said Mitch Waldman, Product Manager for The Home Depot.  “Fire Shield brings an added level of safety that will meet the needs of today’s safety conscious customers. We will begin promoting Fire Shield in conjunction with National Fire Safety Month in October and the holiday season.”

“We are excited to be bringing the world’s safest extension cord to market through The Home Depot,” stated Schiff.  “Home Depot will be using our new merchandising aisle display which holds 48 Fire Shield Safety Extension Cords and prominently presents the product to the potential consumer. TRC will support the effort with TV advertising to create awareness of the product and its availability in The Home Depot stores.”

Founded in 1978, Atlanta-based Home Depot currently operates 1,267 stores in 48 states, seven Canadian provinces, Puerto Rico, Mexico, Argentina and Chile.  The company was named in the Top 10 Most Admired Companies in America by Fortune magazine, which has also ranked it as America’s Most Admired Specialty Retailer for eight consecutive years.  Home Depot’s stock is traded on the New York Stock Exchange (NYSE:HD) and is included in the Dow Jones Industrial Average and Standard & Poor’s 500 Index.

TRC is recognized as a worldwide leader in electrical safety products that prevent electrocution, electrical fires and protect against serious injury from electrical shock.  Based on its core technology in ground fault sensing, products are designed to meet the needs of the consumer, commercial, and industrial markets worldwide.  The Company also supplies power monitors and control equipment used by the United States Military and its prime contractors.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:  The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934.  Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the Company’s reports on Form 10-K and 10-Q filed with the Securities and Exchange Commission.

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