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Telephonics begins hangar construction

Sep 17, 2009 - Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE:GFF), announced today it has contracted with Revelle Builders of Murfreesboro, N.C., to construct its Technical Support Services Center in Elizabeth City.

Headquartered in Farmingdale, N.Y., Telephonics broke ground in June on the site that is located on the Elizabeth City Regional Airport and adjacent to the U.S. Coast Guard base.

Scheduled to open in 2010, the Technical Support Services Center is a 22,000 square-foot, two-story facility that will contain hangar space and a turnkey radar maintenance repair and upgrade center. It will also feature state-of-the-art computers and displays to simulate the radar operator's environment.
 

"Telephonics is totally committed to the U.S. Coast Guard mission success," said Joseph Battaglia, president of Telephonics Corporation. "Our commitment to a long-term lease and a multi-million dollar facility will shorten our supply chain and improve our overall responsiveness and
interface with the Coast Guard's Air Logistics Center."

The Elizabeth City-Pasquotank County Regional Airport shares a 7,200-foot runway with Air Station Elizabeth City and its Aviation Logistics Center, the nation's only depot-level maintenance facility for the entire U.S. Coast Guard aircraft fleet.

"The company's decision to locate a technical support facility here is a further indication of the strategic and business value of our partnership with the U.S. Coast Guard," said Matt Wood, chairman of the Albemarle Economic Development Commission.

Telephonics is the second business to locate near the U.S. Coast Guard base since Elizabeth City and Pasquotank County officials broke ground in October 2008 on the Elizabeth City-Pasquotank Aviation Research and Development Commerce Park. Earlier this year, DRS Technologies opened a second 80,000 square-foot hangar adjacent to the airport and across the street from the park.

Upon completion, the 63-acre Elizabeth City-Pasquotank Aviation Research and Development Commerce Park will connect the runway shared by the Coast Guard and the Elizabeth City-Pasquotank Regional Airport with a taxiway capable of accommodating C-130-sized aircraft and larger. Phase I of the park will include as many as four hangars, the Elizabeth City State University (ECSU) School of Aviation Science and a College of the Albemarle facility for conducting its Air Frame/Air Plant maintenance certification programs.

Contacts

Wayne Harris, AEDC
(252) 338-0169
director@discoverec.com

Elizabeth Evans, Cahoon & Cross
(757) 420-6944
eevans@cahoonandcross.com

About Telephonics Corporation

A subsidiary of Griffon Corporation, Telephonics' (www.telephonics.com) 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. The company is headquartered in Farmingdale, N.Y.

About AEDC

Located in Elizabeth City, N.C., the Albemarle Economic Development Commission (www.discoverec.com) markets business opportunities in the City of Elizabeth City and Pasquotank and Camden counties to prospective employers throughout the United States. For information, call the AEDC at 1-888-338-1678 or (252) 338-0169 or email info@discoverec.com.

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