Measurement Specialties Reports Financial Results for the Third Quarter

5/31/2002 - Measurement Specialties, Inc. (AMEX: MSS) today reported financial results for its third fiscal quarter, and nine months ended December 31, 2001. Results include the acquisitions of Terraillon, acquired in August 2001, and Schaevitz Sensors acquired in August 2000. Third Quarter and Nine Month Results: Sales for the third quarter were $43.0 million, compared to $34.3 million for the same period a year ago. The net loss for the quarter was $11.3 million, or $0.95 per diluted share, compared to net income of $3.1 million, or $0.35 per diluted share for the prior year's third quarter.

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