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Press Release

Telephonics Successfully Completes U.S. Army-Sponsored Degraded Visual Environment Testing

FARMINGDALE, NEW YORK, March 26, 2015 – Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that it has successfully completed a round of testing at the U.S. Army Research, Development and Engineering Command (RDECOM) Rotorcraft Degraded Visual Environment (DVE) project event at the Yuma Proving Ground in Arizona. At this event, an EH-60L helicopter was flown to create simulated DVE/brownout conditions, including sand and dust. Evaluators gathered and exchanged information on the effectiveness of various sensor solutions to penetrate through these dangerous environments.

A U.S. Army helicopter creates DVE or brownout conditions at the Yuma Proving Grounds in Arizona. (©2015 Telephonics)

During testing, the Telephonics 35 GHz Test Demonstrator Radar successfully achieved positive results in these degraded conditions. Thirty-five GHz is an optimal frequency for DVE environments, providing the requisite resolution needed for clear imaging. These very promising results support the designed intent of the system, which is to enable aviators to effectively navigate through sand, dust and other brownout conditions at longer ranges, leading to increased safety and mission success.

In addition to the Yuma Proving Ground event, the system has also undergone extensive successful testing at Telephonics’ Long Island, N.Y. facility, detecting both manmade and natural obstacles as well as terrain features in dense fog, snow and whiteout conditions.

“Testing at the Yuma Proving Ground created ideal DVE conditions to thoroughly test this system, enabling the U.S. Army to accurately assess our sensor solution. These environments accurately simulate what our armed forces experience during flight, yielding important information to help solve this long-standing problem.” said Joseph J. Battaglia, President and Chief Executive Officer of Telephonics. “Telephonics is extremely pleased that its Test Demonstrator Radar successfully achieved these objectives during the U.S. Army-sponsored event, proving our ability to offer a millimeter-wave solution that helps to solve the often dangerous situations arising from DVE.”

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.

"AMRDEC is part of the U.S. Army Research, Development and Engineering Command, which has the mission to develop technology and engineering solutions for America's Soldiers. AMRDEC employs nearly 11,000 civilian scientists, researchers, and engineers.

RDECOM is a major subordinate command of the U.S. Army Materiel Command. AMC is the Army's premier provider of materiel readiness -- technology, acquisition support, materiel development, logistics power projection, and sustainment -- to the total force, across the spectrum of joint military operations. "

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