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Measurement Specialties Begins Construction of its New Asia-Pacific Operation

Measurement Specialties Begins Construction of its New Asia-Pacific Operation

HAMPTON, Va., March 30 /PRNewswire-FirstCall/ -- Measurement Specialties, Inc. , a designer and manufacturer of sensors and sensor-based systems, announced today that it has begun construction of its new Asia- Pacific headquarters in Shenzhen, China. Once complete, the 220,000 square foot facility will be home to nearly 1,600 Company employees engaging in development engineering and manufacturing in support of both regional and worldwide sales.

The Company first established a presence in Shenzhen in 1995 and has continued to expand this operation as the Company has grown. MEAS China currently manufactures approximately 60% of the Company's global end sales and operates out of multiple leased sites within an industrial business park. Once complete, the new facility will allow the Company to consolidate all of its Shenzhen operations under one roof, mitigate risk associated with future escalating lease expense as well as provide over 50% more space for expansion. The Company expects to begin moving into the new facility in the first fiscal quarter of FY09.

Friday, the Company held a ground breaking ceremony at the new site. Several distinguished guests attended the ceremony, including the Vice Mayor of Shenzhen, representatives from the US Consulate and American Chamber of Commerce, as well as customers, vendors and Company managers and executives. Please click on the following link to view a photo gallery of the event: http://meas-spec.com/myMeas/MEAS_download/PressRelease/GroundBreaking/in...

About Measurement Specialties. Measurement Specialties, Inc. (MEAS) designs and manufactures sensors and sensor-based systems to measure precise ranges of physical characteristics such as pressure, temperature, position, force, vibration, humidity and photo optics. MEAS 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.

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. Forward looking statements may be identified by such words or phrases "should", "intends", " is subject to", "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 prior acquisitions; 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, (757) 766-4400

Investor Contact: Aimee Boutcher or Daniel Boutcher, (973) 239-2878

Measurement Specialties, Inc.

CONTACT: Company Contact: Frank Guidone, CEO, +1-757-766-4400, Investor
Contact: Aimee Boutcher or Daniel Boutcher, +1-973-239-2878

Web site: http://www.meas-spec.com/

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