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Measurement Specialties Announces Occupant Weight Sensing ('OWS') Program with Texas Instruments FAIRFIELD, N.J., Feb. 8 /PRNewswire-FirstCall/ -- Measurement Specialties, Inc. (AMEX:MSS), a designer and manufacturer of sensors and sensor-based consumer products, announced today that Texas Instruments/Sensors and Controls Group ("TI") has selected MSI's Microfused(TM) strain gage technology for use in a new sensor for accurately measuring the weight of an individual in the passenger seat of an automobile (occupant weight sensing, or OWS). The sensor's force element is based on the Company's proprietary Microfused(TM) technology. Occupant classification is a critical element in determining passenger air bag deployment and will be required on all passenger cars sold in North America by 2006. Use of occupant weight sensing is one potential approach to meet the occupant classification requirements. The TI occupant weight sensor has been accepted on several vehicle platforms beginning in 2005. TI announced their new OWS sensor in a release earlier today. Mike Cavanaugh, Materials Manager for Texas Instruments commented, "MSI and the TI Sensors and Controls Group are building upon an excellent relationship to serve a new automotive OWS program. Through previous engagements with TI, MSI has already shown its ability to provide a high quality, cost effective product." "We expect the new OWS sensor to begin production in early 2005 with larger scale production in late 2005," commented Glen MacGibbon, Director of Sensor Sales & Marketing for Measurement Specialties. MacGibbon continued, "We expect this OWS program to ramp up significantly in calendar year 2006, driving more than $5 million in revenue. TI is aggressively pursuing this segment and expects to be a leader in the occupant weight sensing market." "I am thrilled to have the opportunity to expand our automotive business with Texas Instruments," noted Frank Guidone, MSI CEO. "Our current program with TI has been very successful and we look forward to the OWS program fueling additional growth in our Sensor Division." MSI currently supplies Texas Instruments with Microfused(TM) front end sub-assemblies used in several automotive applications including pressure sensors integrated into Electronic Stability Control (ESC) systems, transmission systems, and common rail fuel delivery systems. MSI's business has grown significantly with TI since 2000, with total volume expected to exceed 15 million units in 2005. 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 the continued production of current product lines. Forward looking statements may be identified by such words or phases as "we expect," "intends," "are expected to," "will continue," "is anticipated," "estimated," "projected," "may," "we believe," "future prospects," "potential growth 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; consummation of any contemplated sale of assets; ability to raise additional funds; the outcome of the class action lawsuits filed against the Company; the outcome of the current SEC investigation of the Company; 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; 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. 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 release. Contact: Frank Guidone, CEO (757) 766-4400 Boutcher & Boutcher Investor Relations Aimee Boutcher (973) 239-2878 DATASOURCE: Measurement Specialties, Inc. CONTACT: Frank Guidone, CEO, Measurement Specialties, Inc., +1-757-766-4400; or Aimee Boutcher of Boutcher & Boutcher Investor Relations, for Measurement Specialties, Inc., +1-973-239-2878 Web site: http://www.msiusa.com/

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