Telephonics Corporation Awarded Contract For Uljin Aerodrome In South Korea

Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that it has been awarded a contract valued at approximately $6 million for the Busan Regional Aviation Administration (BRAA). This contract will provide a terminal radar approach control system for Uljin that includes NRPL Group’s S-band Primary Surveillance Radar (PSR) and Telephonics’ Monopulse Secondary Surveillance Radar (MSSR). This also includes a radar data extractor, monitoring and control system, antenna tower, radome, and all the external interfaces required to transmit the radar data from Uljin Airport to the Pohang Airport Approach Control Center. This winning solution provides Uljin an integrated radar system with a combined, co-mounted PSR/MSSR system that addresses BRAA’s operational requirements. The radar approach control system complies with International Civil Aviation Organization and Communication, Navigation and Surveillance/Air Traffic Management systems requirements and has a robust design that allows BRAA future expanding capability.

“The Telephonics, NRPL Group, and JooKwang teams bring the technology, experience, resources and, most of all, the commitment to deliver, install, and support a system that not only meets or exceeds BRAA’s expectations, but in many ways will allow for the insertion of new technology and added capabilities as the need arises for future applications.. “With fifty years experience designing, developing, and delivering surveillance IFF systems to customers throughout the world, we are uniquely qualified to understand and address the demanding challenges of controlling air traffic in this busy region efficiently, reliably, and safely,” said Mr. Joseph Battaglia, President and Chief Executive Officer of Telephonics Corporation.

About Telephonics

Telephonics' high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses.

About Griffon Corporation

Griffon Corporation (the “Company” or “Griffon”), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

Forward-Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are 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. Information concerning risks and uncertainties that may impact the company’s results and forward-looking statements are set forth in Griffon Corporation’s filings with the SEC. 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.

© 2012 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

Copyright Business Wire 2010

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