Forward Event Stocks

[EdF]

TRCI 6.85 May 10, 2006 (approx)

http://biz.yahoo.com/bw/060130/20060130005605.html?.v=1

Technology Research Corporation Reports Third Quarter Financial Results Reflecting Strong Revenue and Earnings Growth
Monday January 30, 9:10 am ET


CLEARWATER, Fla.--(BUSINESS WIRE)--Jan. 30, 2006--Technology Research Corporation ("TRC"), (NASDAQ:TRCI - News), today announced revenues and earnings for its third fiscal quarter ended December 31, 2005.
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Revenues were $11.4 million compared with $9.7 million reported in the same quarter last year, an increase of 17%. Net income for the third fiscal quarter ended December 31, 2005 was $.8 million compared with net income of $.2 million for the fiscal quarter ended December 31, 2004. Diluted net income is $.14 per share for the current quarter compared with diluted net income of $.03 per share for the same quarter last year.

Robert S. Wiggins, Chairman, President & CEO said, "I am very pleased with the Company's financial performance during our third fiscal quarter of 2006. Our revenue and net income are both third quarter records and significantly ahead of our third quarter results for the prior year. The Company's income before tax is an all time quarterly record. Our balance sheet has also improved significantly. Total debt declined by $1.6 million from the end of the prior quarter and $2.4 million from the beginning of this 2006 fiscal year." Wiggins continued, "Although we still have several remaining challenges with our RAC business, we have resolved many of the operational issues we faced last year and earlier in this fiscal year. To further help penetrate the room air conditioner market, during the quarter we announced that we had entered into a strategic alliance with Defond Manufacturing Ltd., of Hong Kong and its North American affiliate DNA Group, Inc. This relationship strengthens our sales presence with the Chinese manufacturers of RAC equipment while providing cost effective, quality products to our customers." Wiggins added, "In our fiscal fourth quarter we expect to continue the momentum gained during the third quarter with further improvement in both revenue and earnings per share."

The third quarter dividend of $.015 per share was paid on January 20, 2006 to shareholders of record on December 30, 2005.

Other Quarterly Highlights

In November and December TRC announced significant new orders with Karcher, a major sprayer/washer manufacturer totaling $3.3 million. We expect to ship approximately $1.3 million of these new orders during the remainder of this fiscal year (which ends March 31, 2006), and the remaining $2 million will ship during the next fiscal year.

TRC also announced $2.3 million in new orders, primarily for spare parts, for the U.S. military. Delivery of these new orders is expected during the fiscal fourth quarter.

TRC is an internationally recognized leader in electrical safety products that prevent electrocution and electrical fires and protect against serious injury from electrical shock. Based on its core technology in ground fault sensing, products are designed to meet the needs of the consumer, commercial and industrial markets worldwide. The Company also supplies power monitors and control equipment to the United States Military and its prime contractors.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Some of the statements in this report constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. These statements are related to future events, other future financial performance or business strategies, and may be identified by terminology such as "may," "will," "should," "expects," "scheduled," "plans," "intends," "anticipates," "believes," "estimates," "potential," or "continue," or the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events as well as results may differ materially. In evaluating these statements, you should specifically consider the factors described throughout this report. We cannot be assured that future results, levels of activity, performance or goals will be achieved.....

From 4 Apr 2006 8K
"Item 8.01 Other Events.
The Company reaffirms the statement made by Robert S. Wiggins in its January 30th press release indicating that In our fiscal fourth quarter we expect to continue the momentum gained during the third quarter with further improvements in both revenue and earnings per share. "