(EMAILWIRE.COM, November 15, 2001 ) FARMINGDALE, N.Y. -- Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE: GFF), this week demonstrated its advanced Ground Surveillance Radar (GSR) to Congressman Steve Israel (D - 2nd District, NY), and representatives from US Senator Chuck Schumer's and US Senator Hillary Clinton's offices at an undisclosed location on Long Island, NY.

Bringing real-time field reconnaissance to a new level of performance and capability, the company demonstrated many of the unique features of their state-of-the-art, lightweight, low power, perimeter protection sensor system. The company also demonstrated the user-friendly nature of this equipment and stressed the low level of training required to quickly deploy and effectively operate the system

"It is critical that our government continues to deploy the most advanced technology in our fight against terrorism," stated Congressman Israel, a member of the Democratic Task Force on Homeland Security. "I am glad to see Long Island defense firms like Telephonics leading the way in developing these advanced technologies."

Deployable in less than 5 minutes, the GSR is ideally suited for establishing portable, fixed or highly mobile surveillance operations in highly sensitive areas and around high value potential targets in adverse weather conditions, day or night - guaranteeing that critical intelligence data is gathered, processed, and disseminated quickly, easily and reliably. In addition to its' primary border surveillance mission, the Ground Surveillance Radar addresses the needs of multiple homeland defense initiatives including protection of water reservoirs, nuclear and conventional power plants, airport facilities, bridges, and missile test ranges.

"I look forward to working with Telephonics and other defense contractors on Long Island as Congress seeks ways to improve our homeland security," said Israel.

About Telephonics Corporation

A subsidiary of Griffon Corporation (NYSE: GFF), Telephonics' (www.telephonics.com) broad-based, high-tech engineering capabilities provide integrated information and communication systems solutions to both domestic and international markets. The company is organized into two operating divisions: Communications Systems, specializing in aircraft intercommunications, mass transit communications, wireless and audio products; and Command Systems, specializing in air traffic management systems, and maritime surveillance radar and aerospace electronics; and two wholly-owned subsidiaries, TLSI and the newly formed Telephonics Wireless. Operating under the Telephonics umbrella, TLSI (www.tlsi.com) manufactures application-specific integrated circuits (ASIC) for the telecommunications, automotive and industrial security markets. The goal of Telephonics Wireless is to provide innovative wireless data infrastructure products that fundamentally increase the speed, capacity and performance of wireless communication networks.

About Griffon Corporation

In addition to developing and manufacturing information and communication systems for government and commercial markets worldwide, Griffon Corporation is also a leader in the development and production of embossed and laminated specialty plastic films used in the baby diaper, feminine napkin, adult incontinent, surgical and patient care markets. Griffon Corporation is also a leading manufacturer and marketer of residential, commercial and industrial garage doors sold to professional installing dealers and major home center retail chains. Through a substantial network of operations located throughout the country, Griffon's building products company also installs and services specialty building products, primarily garage doors, openers, fireplaces and cabinets for new construction markets.

Forward Looking Statements


Safe Harbor'' Statement under the Private Securities Litigation Reform Act of 1995: All statements other than statements of historical fact included in this release, including without limitation statements regarding the company's financial position, business strategy and the plans and objectives of the company's management for future operations, are forward-looking statements. When used in this release, words such as
anticipate,''
believe,''
estimate,''
expect,''
intend,'' and similar expressions, as they relate to the company or its management, identify 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 as a result of certain factors, including but not limited to, business and economic conditions, competitive factors and pricing pressures, capacity and supply constraints. Such statements reflect the views of the company with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to the operations, results of operations, growth strategy and liquidity of the company. Readers are cautioned not to place undue reliance on these forward-looking statements. 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.

© 2001 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. All trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.

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Produced for Telephonics

Contact: Gina deCesare
Public Relations Manager
631.755.7583
decesare@telephonics.com
www.telephonics.com

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Contact Information:
Telephonics Corporation
Joseph Nchor
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