CLEARWATER, FLORIDA, June 25, 2004,  – Robert S. Wiggins, Chairman and Chief Executive Officer of Technology Research Corporation (TRC), (NASDAQ–TRCI), announced today that the Company has been ranked 21^st in the July/August 2004 issue of FORTUNE SMALL BUSINESS magazine’s list of America’s 100 fastest-growing small companies.

The selection criteria is based on public companies with annual revenues of less than $200 million  

and a stock price of more than $1 with real estate firms and banks ruled out of this year’s selection.   Rankings are based on earnings growth, revenue growth and stock performance over the past three years.

Wiggins said, “We are pleased to have been recognized by FORTUNE SMALL BUSINESS as one of America’s fastest growing small companies.  The Company remains committed to pursing growth opportunities through the application of its products and technology.”

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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