TECHNOLOGY RESEARCH CORPORATION’S FIRE SHIELD® PRODUCTS FOR THE PORTABLE ROOM AIR CONDITIONING MARKET READY FOR PRODUCTION

CLEARWATER, FLORIDA, July 10, 2003 – Ned Schiff, Vice President of U.S. Marketing and Sales for Technology Research Corporation (TRC), (NASDAQ:TRCI), announced today that its line of Fire Shield Leakage Current Detection Interrupter (LCDI) power supply cords, that satisfy the 2002 National Electrical Code (NEC) and the Underwriters Laboratories (UL) requirement for cord fire protection on portable room air conditioners manufactured after August 1, 2004, are available for initial production.  The units may be ordered in 120V or 240V versions with 10 to 30 AMP ratings.  

“These Fire Shield LCDI power cords have successfully completed the UL testing requirements for the new 1699 standard,” said Schiff.   He added, “We have been working with the portable room air conditioning manufacturers since this requirement was adopted into the 2002 National Electrical Code in May 2002 and have been supplying samples to qualify their specific implementations.”

The Company indicated that its Fire Shield technology has been implemented in more than one million cords in a variety of applications including extension cords, power surge strips, portable room heaters and water purifiers since it was approved by UL and introduced in 1996.

Technology Research Corporation designs, manufactures and markets electrical safety products that save lives, protect people from serious injury from electrical shock and prevent electrical fires in the home and workplace.  These products have worldwide application.  The Company also supplies power monitoring and control equipment to the United States Military and its prime contractors.  

“Safe Harbor” Statement:  Certain statements made in this press release are forward looking in nature and, accordingly, are subject to risks and uncertainties.  The actual results may differ materially from those described or contemplated.

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