Press Release

FARMINGDALE, NEW YORK, September 30, 2014 – Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that it has been awarded a new contract for its Passive Detection and Reporting System (PDRS) and will showcase this advanced technology at the Air Traffic Control Association’s 59th Annual Conference & Exposition being held in National Harbor, Maryland.

PDRS reduces radio frequency transmissions, all-calls and interrogation rates in air traffic by acting as a receive-only system and also by cueing a Mode S Identification Friend or Foe (IFF) interrogator. PDRS was designed to meet the stringent regulations of the Department of Defense (DoD), Federal Aviation Administration (FAA) and Eurocontrol. It enables civilian and military air traffic controllers to maintain situational awareness as well as increase flight safety by receiving and displaying Mode S, Mode 5 and Universal Access Transceiver (UAT) squitters, or aircraft identification and data.

“Telephonics is extremely pleased to showcase our PDRS technology at ATCA as this advanced solution can help to significantly reduce interrogation rates and radio frequency transmissions, helping to improve air safety and increasing situational awareness,” said Mr. Joseph Battaglia, President & CEO of Telephonics. For more information about PDRS and Telephonics’ Air Traffic Management (ATM) technology, please visit us at ATCA, September 29-October 1, exhibit 245. To schedule an appointment or interview during ATCA with our ATM experts, please contact Kimberly Chernick at 631.755.7583 or chernick@telephonics.com. To learn more about Telephonics, please visit www.telephonics.com.

For more information about PDRS and Telephonics’ Air Traffic Management (ATM) technology, please visit us at ATCA, September 29-October 1, exhibit 245. To schedule an appointment or interview during ATCA with our ATM experts, please contact Kimberly Chernick at 631.755.7583 or chernick@telephonics.com.

To learn more about Telephonics, please 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.