Press Release

FARMINGDALE, NEW YORK, October 13, 2014 – Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that Mr. Richard Hines has been appointed Chief Technology Officer (CTO). In this role, Mr. Hines will be responsible for establishing and directing Telephonics’ technical strategic vision as well as leading all technology development.

Mr. Hines will report directly to Mr. Kevin McSweeney, Telephonics’ Chief Operating Officer (COO), and will lead the Telephonics engineering organization. He will also serve as the liaison between engineering and senior management to drive product development and ensure the company’s strategic technology mission is fulfilled.

Mr. Hines joined Telephonics in 1996 and has been responsible for successfully leading key transportation and tactical vehicle communications development programs. Named Corporate Vice President, Engineering, in early 2010, Mr. Hines has led Telephonics’ research and development activities while overseeing the company’s engineering staff of 270.

"Rich’s breadth of engineering knowledge, deep aerospace and defense industry experience, and proven ability to deliver meaningful results makes him ideally suited for the role of CTO," said Mr. Joseph J. Battaglia, President and Chief Executive (CEO), Telephonics. "As an integral part of the Telephonics’ leadership team for the past six years, Rich has also represented the company at the highest levels of government and industry. I am confident he will successfully drive our technology innovation well into the future.

For more information about Telephonics, please contact Lisa Ahrens at

Ahrens@telephonics.com or visit www.telephonics.com.

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, 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.