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Measurement Specialties Announces FDA Approval of Flexistat(TM) Oximetry Sensors FAIRFIELD, N.J., Sept. 22 /PRNewswire-FirstCall/ -- Measurement Specialties (AMEX:MSS) is pleased to announce that the Food and Drug Administration (FDA) has granted Elekon Industries, a division of MSS, pre-market clearance to start marketing and selling Flexistat(TM) technology-based multi-platform pulse oximetry sensors in the United States. These products are disposable blood oxygen sensors used for non-invasive patient monitoring. The market for pulse oximetry sensors -- used in applications such as anesthesia, recovery, intensive care and patient transport -- is growing as these sensors reduce risks associated with more invasive techniques. The FDA-cleared products are based on Elekon's patent-pending Flexistat(TM) technology, which greatly enhances durability and accuracy while reducing manufacturing costs. Elekon's customers for these products are large, multinational OEMs in the medical device industry. To date, Elekon has received initial commitments totaling more than $2 million for Flexistat(TM) products from launch customers. Elekon will start shipping product immediately, enabling their OEM customers to start end-user deliveries as early as next month. "Obtaining FDA approval for our new line of OEM sensors is a significant milestone for Elekon," noted Thomas Dietiker, product line manager of optical products for the Elekon division. "Our position as market leader and innovator in medical sensing will be further solidified with these products." Elekon Industries, acquired by MSS in June of this year, provides custom and standard optoelectronic sensing solutions for customers in the medical electronics, computer peripherals and industrial sectors worldwide. "We are very excited about the quick approval of this new product line and the new market opportunities for these sensors in the patient monitoring field," stated Frank Guidone, CEO of MSS. "These patent-pending products are a key element of the growth strategy for our Elekon division and have received extremely favorable responses from key customers." Measurement Specialties, Inc. designs and manufactures sensors and sensor-based consumer products. The Sensor division, also known as MSI Sensors, produces a wide variety of sensors and transducers to measure precise ranges of physical characteristics such as pressure, motion, force, displacement, tilt, flow and distance. MSI Sensors uses multiple advanced technologies -- including piezoresistive, electro-optic, electro-magnetic, capacitive, application specific integrated circuits (ASICs), micro-electromechanical systems (MEMS), piezoelectric polymers and strain gauges -- to engineer sensors that operate precisely and cost effectively. The Consumer division produces OEM bathroom scales, Accutire(R) brand tire pressure gauges and other products. This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, including but not limited to, statements regarding non-recurring expenses, and resolution of pending litigation. Forward looking statements may be identified by such words or phases "should", "intends", "expects", "will", "continue", "anticipate", "estimated", "projected", "may", "we believe", "future prospects", or similar expressions. The forward-looking statements above involve a number of risks and uncertainties. Factors that might cause actual results to differ include, but are not limited to, success of any reorganization; ability to raise additional funds; conditions in the general economy and in the markets served by the Company; competitive factors, such as price pressures and the potential emergence of rival technologies; interruptions of suppliers' operations affecting availability of component materials at reasonable prices; timely development and market acceptance, and warranty performance of new products; success in integrating acquired businesses; changes in product mix, costs and yields, fluctuations in foreign currency exchange rates; uncertainties related to doing business in Hong Kong and China; and the risk factors listed from time to time in the Company's SEC reports. The Company from time-to-time considers acquiring or disposing of business or product lines. Forward-looking statements do not include the impact of acquisitions or dispositions of assets, which could affect results in the near term. Actual results may differ materially. The Company assumes no obligation to update the information in this issue. Company Contact: Frank Guidone, CEO, 973 808-3020 Investor Contact: Aimee Boutcher or Daniel Boutcher, 972 239-2878 DATASOURCE: Measurement Specialties, Inc. CONTACT: Company: Frank Guidone, CEO of Measurement Specialties, +1-973-808-3020, or Investor: Aimee Boutcher, or Daniel Boutcher, both for Measurement Specialties, +1-972-239-2878 Web site: http://www.msiusa.com/

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