Technology Research Corporation to Supply a Major Appliance Manufacturer Fire Shield® LCDI Power Cords for the Room Air Conditioner Application

CLEARWATER, FLORIDA, January 4, 2005 – Jerry T. Kendall, President and Chief Executive Officer of Technology Research Corporation (TRC), (NASDAQ–TRCI), announced today that the Company has signed a sole source supply agreement with a major appliance manufacturer, subject to meeting agreed to performance requirements, to supply its Fire Shield LCDI Power Cords to be used as cord fire protection on room air conditioners manufactured for sale in the United States. 

The estimated value of the agreement for the current manufacturing season is approximately $5.0 million, of which the Company has received approximately $1.9 million in orders.   Initial shipments of $95,000 for these orders were completed in December 2004.   Remaining deliveries under this agreement are planned through April 2005.

Jerry Kendall said, “We are certainly pleased to be selected by another leading major appliance manufacturer to supply our Fire Shield LCDI Power Cords to be used on their room air conditioners.   Fire Shield is a proven technology for this important safety application.”     He added, “This agreement brings our announced business volume for the room air conditioner application to approximately $16.0 million for the current manufacturing season.”

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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