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Navy Air Ambulance to Fly with Wireless ICS; U.S. Navy Selects Telephonics Trulink(TM) Wireless Intercom SystemFARMINGDALE, N.Y. --(Business Wire)-- Sept. 12, 2005 -- Telephonics Corporation, a wholly owned subsidiary of the Griffon Corporation (NYSE:GFF) announced today a contract award from the U.S. Navy to deliver its TruLink(TM) Wireless Intercom System in support of the Air Ambulance program. The Navy's Multi-Mission Helicopter Program Office (PMA-299) is modifying (4) MH-60S and (4) HH-60H aircraft to medical transport helicopters in support of the Global War on Terrorism. TruLink will act as a cordless extension of the helicopter's wired intercom system. Currently, while on the ground, audio communications between the helicopter pilots and off-aircraft medics preparing a patient for transport and evacuation are restricted to supplemental handheld methods. TruLink eliminates this communication restriction by providing seamless hands-free, wireless communications to all members of the crew so medics can effectively perform their rescue operations. The U.S. Navy has selected TruLink for the modification program based on the U.S. Army Air Warrior Program, where TruLink is being used as the U.S. Army AWIS (Aircraft Wireless Intercom System). "Our deployed medical units are performing critical life-saving missions world-wide. We commend the Navy's proactive actions to equip themselves with a communication system that will ensure the safety of our medical teams and the proper care of patients during these life-saving missions" states Phil Nicholas, President, Telephonics Communication Systems Division. Work on this program will be performed at the Telephonics facilities in Farmingdale, NY and at Jacksonville and Patuxent River Naval Air Stations. About Telephonics 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 traffic management systems, maritime surveillance radar and aerospace electronics; and one wholly-owned subsidiary, TLSI. Operating under the Telephonics umbrella, TLSI (www.tlsi.com) manufactures application-specific integrated circuits (ASIC) for the telecommunications, automotive and industrial security markets. 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. Visit www.telephonics.com for additional information. (C) 2005 Telephonics Corporation. 815 Broad Hollow Road, Farmingdale, NY 11735. 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