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Measurement Specialties Announces Agreement with CiDRA Corp. to Supply Piezo Film Technology for SONARtrac(TM) Flow Meters FARIFIELD, N.J., Oct. 28 /PRNewswire-FirstCall/ -- Measurement Specialties, Inc. , a designer and manufacturer of sensors and sensor-based consumer products and CiDRA Corporation (Wallingford, CT) have announced a five-year supply and development agreement to incorporate Measurement Specialties' Piezo Sensor technology into CiDRA's new SONARtrac(TM) line of flow meters. SONARtrac(TM) flow meters use a patented approach, based on sonar array processing techniques, to track the velocity of turbulent pipe flows (or "eddies") as they convect past an array of piezo sensors supplied by Measurement Specialties. By "listening" to the pressure fields associated with the movement of these turbulent eddies, the meters determine the pipe's flow rate. Donald Halvorsen, Product Manager for Piezo Sensors, stated, "Piezo sensors are being used in a variety of different sensor applications, but this application is especially exciting. We have been working very closely with CiDRA to this point in order to optimize the piezo material for their flow meters. Now we will continue to do this work and to investigate areas for further value added opportunities. Their use of the piezo material in the SONARtrac(TM) will change they way flow is measured, and we are really excited to be a part of it." The new meters feature a "clamp-on" configuration that installs on existing pipe, eliminating process disruptions, and provide accurate flow rate measurements in pipes ranging from 1 inch to 60 inches in diameter and flow velocities ranging from 2 ft/s to over 200 ft/s. SONARtrac(TM) flow meters are designed for use in the paper & pulp, power generation, chemicals and petrochemical, pharmaceutical, food and beverage, and water and wastewater treatment industries, among other applications. Measurement Specialties' piezo sensors are based on a lightweight, flexible piezo polymer film that accurately converts strain into an electrical charge. The technology has been applied to a wide range of industries, including medical electronics, instrumentation, accelerometers, ultrasound sensors, acoustics, traffic monitoring systems, and hydrophones. CiDRA Corporation, Wallingford, CT, (http://www.cidra.com/) is the developer and manufacturer of a new class of industrial flow meters that utilize measurement principles distinct from all previous, conventional flow meter technologies. CiDRA's proprietary technology was initially developed for flow measurement in one of the world's most demanding environments: downhole, offshore oil and gas production. For this application, users require accurate, reliable and maintenance-free operation for the life of the well due to the inaccessibility of the meter once it is deployed. CiDRA has engineered the SONARtrac family of flow meters for similar performance on a wide range of industrial flow applications. Measurement Specialties (AMEX:MSS), designs, develops, produces, and sells electronic sensors and sensor-based consumer products. Consumer products include body-weight, kitchen, and postal scales, electronic tire pressure gauges, parking aids, and distance estimators. Industrial products include sensors for high volume, OEM applications. Measurement Specialties' products employ specialized application specific integrated circuits (ASICs), and diverse sensor technologies based on micromachining (the three-dimensional sculpting of silicon), MEMS (micro-electromechanical systems), force balance, strain gage, capacitive, inductive, piezoresisitive micromachined, and piezopolymer film, which provide accurate and efficient measurement, resolution and display of ranges of distance, motion, fluid level, force, displacement, angle, or pressure. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including but not limited to, statements regarding the continued production of current product lines. Forward looking statements may be identified by such words or phases as "intends," "are expected to," "will continue," "is anticipated," "estimated," "projected," "may," "we believe," "future prospects," "potential growth prospects," or similar expressions. The forward-looking statements above involve a number of risks and uncertainties. Factors that might cause actual results to differ include, but are not limited to, success of any reorganization; consummation of any contemplated sale of assets; ability to raise additional funds; the outcome of the class action lawsuits filed against the Company; the outcome of the current SEC investigation of the Company; conditions in the general economy and in the markets served by the Company; competitive factors, such as price pressures and the potential emergence of rival technologies; interruptions of suppliers' operations affecting availability of component materials at reasonable prices; timely development and market acceptance, and warranty performance of new products; changes in product mix, costs and yields, fluctuations in foreign currency exchange rates; uncertainties related to doing business in Hong Kong and China; and the risk factors listed from time to time in the Company's SEC reports. Forward-looking statements do not include the impact of acquisitions or dispositions of assets, which could affect results in the near term. Actual results may differ materially. The Company assumes no obligation to update the information in this release. Contact: Angela Watkins Global/Sensor Marketing Manager (757) 766-4315 Boutcher & Boutcher Investor Relations Aimee Boutcher (973) 239-2878 DATASOURCE: Measurement Specialties, Inc. CONTACT: Angela Watkins, Global-Sensor Marketing Manager, +1-757-766-4315, or Aimee Boutcher of Boutcher & Boutcher Investor Relations, +1-973-239-2878, for Measurement Specialties, Inc. Web site: http://www.msiusa.com/ http://www.cidra.com/

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