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  • Telephonics to host an Economic Development Summit with Guest Congressman G. K. Butterfield

    Press Releases on April 09, 2012

  • Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today it is hosting an Economic Development Summit at its Technical Support Services Center in Elizabeth City, North Carolina on April 13, 2012. Congressman G. K. Butterfield, 1st District of North Carolina, will be in attendance for the summit, and will take part in discussions focusing on job creation and workforce development, an issue close to the heart of the Congressman.

    Telephonics’ Elizabeth City, NC facility has become an integral part of economic development in the area, contributing to job creation. “We see tremendous opportunities to continue the economic development of Elizabeth City and Pasquotank County, to mentor Aviation Sciences candidates, and to grow the aviation industry in that local area”, said Joseph Battaglia, President and Chief Executive Officer of Telephonics.

    The Telephonics Technical Support Services Center is comprised of 15,000 square feet of hangar space, including a state-of-the-art demonstration room to simulate operational environments and 7,000 square feet of office and avionics repair space. “This facility enables Telephonics to provide repair and maintenance support services to our customers. The proximity to the U.S. Coast Guard’s Aviation Logistics Center facilitates our ability to expand our role with that customer, not only as a provider of the advanced systems and technologies they need to better perform their missions, but also to ensure that their systems are available to be used at all times,” said Mr. Battaglia.

    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.

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