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Measurement Specialties Announces Acquisition of Entran Devices, A Manufacturer of Acceleration, Pressure and Force Sensors FAIRFIELD, N.J., July 19 /PRNewswire-FirstCall/ -- Measurement Specialties, Inc. (AMEX:MSS), a designer and manufacturer of sensors and sensor-based consumer products, announced today it has acquired the capital stock of Entran Devices, Inc. and Entran SA. for $9.5 million ($6 million cash at close plus the assumption/discharge of $1.5 million in debt, and $2 million in deferred payment). Furthermore, the principles of Entran can earn an additional $1 million based on meeting certain performance targets. The transaction is expected to close today. "Entran represents an ideal acquisition opportunity for MSI," commented Frank Guidone, Company CEO. "Entran provides concentration in niche sensor markets, and the MSI/Entran combination will yield attractive synergies. On a run-rate, stand-alone basis, we expect Entran to contribute approximately $11 million in net sales and $0.8 million in pre-tax income. Additionally, we anticipate post-close synergies to generate an incremental $1.0 to $1.5 million of annual pre-tax income in fiscal 2006." Entran (http://www.entran.com/), based in Fairfield, NJ and Les Clayes-sous-Bois, France, is a designer/manufacturer of acceleration, pressure and force sensors sold primarily to the automotive crash test and motorsport racing markets. Their primary products include piezo-resistive accelerometers sold to various customers for use in destructive automotive crash testing, both on crash dummies and on the car itself. Entran sells its products to a wide variety of OEM and end-user customers, including Peugeot, Ferrari, Hyundai/Kia, Daimler-Chrysler and Toyota Motorsport. Mr. Guidone added "MSI has had some recent success in the crash test market through its program with Ford. This, combined with Entran's established position in the crash market, will result in MSI/Entran controlling meaningful share of this niche. Additionally, given the combined operational and sales synergies post-close, we believe the transaction will provide MSI/Entran the ability to more aggressively pursue this market, as well as other core Entran markets. We will cover the transaction in more detail in the upcoming quarterly call." William F. Caplan, President Entran Devices, Inc., commented, "The combination of MSI's technology and low cost capability coupled with Entran's 30-year history providing high-end sensor applications provides a unique opportunity for market expansion. The increased production capacity provided by MSI will greatly enhance Entran's ability to meet expanding customer needs." Measurement Specialties is a designer and manufacturer of sensors, and sensor-based consumer products. Measurement Specialties produces a wide variety of sensors that use advanced technologies to measure precise ranges of physical characteristics, including pressure, motion, force, displacement, angle, flow, and distance. Measurement Specialties uses multiple advanced technologies, including piezoresistive, application specific integrated circuits (ASICs), micro-electromechanical systems (MEMS), piezopolymers, and strain gages to allow their sensors to operate precisely and cost effectively. 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 non-recurring expenses, and resolution of pending litigation. Forward looking statements may be identified by such words or phases "should", "intends", "expects", "will", "continue", "anticipate", "estimated", "projected", "may", "we believe", "future 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; ability to raise additional funds; 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; success in integrating acquired businesses; 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. The Company from time-to-time considers acquiring or disposing of business or product lines. 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 issue. Contact: Measurement Specialties, Inc. Frank Guidone, CEO (973) 808-3020 Boutcher & Boutcher Investor Relations Aimee Boutcher (973) 239-2878 DATASOURCE: Measurement Specialties, Inc. CONTACT: Frank Guidone, CEO of Measurement Specialties, +1-973-808-3020; or Aimee Boutcher of Boutcher & Boutcher Investor Relations, +1-973-239-2878, for Measurement Specialties Web site: http://www.msiusa.com/ http://www.entran.com/

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