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Press Release

Telephonics Upgrades and Expands their Aerotrac System at the Xian Xianyang Airport

FARMINGDALE, N.Y. May 29, 2012 - Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE:GFF), announced today that it has successfully upgraded and expanded the Xian AeroTrac® system to support the new tower and parallel runway operation at Xian Xianyang airport in Northwest China. This upgrade has allowed Xian to become the ninth busiest airport in China and the first in Northwest China to feature parallel runway operations, greatly improving flow efficiency, capacity, and safety. “This allows the airport to host aircraft such as A380 and to increase airport capacity to 50 million passengers per year. Telephonics’ AeroTrac system has been an effective solution to support this growth and is being highly appreciated by the customer,” according to officials of Northwest China Air Traffic Management Bureau (ATMB) of Civil Aviation Administration of China (CAAC).

“We are very pleased to actively participate in the growth of air transportation and the commerce it supports in China,” said Joseph Battaglia, President and CEO of Telephonics Corporation. “Our decades of safe and successful operation across China, coupled with our newest AeroTrac capabilities, affirm that Telephonics is a trusted, long-term partner of ATMB and CAAC.”

Telephonics’ air traffic control and air traffic management systems are widely used across the U.S., Europe, and China. Telephonics has been active in the aviation market in Asia since 1985 when it was awarded its first contract for an Air Traffic Control system at the Guangzhou International Airport. In 1995, Telephonics began installing its first AeroTrac ATM systems in China. Today, over twenty air traffic facilities across China use AeroTrac.

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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Contact Info: Carrie Petrocca

Source : Telephonics Corp.

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