The Navy League of the United States Has Awarded the Fleet Admiral Chester W. Nimitz to Joseph J. Battaglia, President and CEO of Telephonics Corporation

FARMINGDALE, N.Y.--(BUSINESS WIRE)-- Telephonics Corporation, a wholly owned subsidiary of Griffon Corporation (NYSE: GFF), announced today that its President and CEO, Mr. Joseph J. Battaglia, received the prestigious Fleet Admiral Chester W. Nimitz Award during the Sea-Air-Space Black Tie Gala on April 12, 2011. This award is presented to an individual or organization that has made an exemplary contribution to the enhancement of U.S. maritime strength and in turn, to the national security of the United States. As President and CEO of Telephonics Corporation since 1995, Mr. Battaglia has seen his company become a leading supplier to U.S. and international military markets. He was a champion in the development of the MH-60R Seahawk Multi-Mode Radar, which fundamentally changed the way the U.S. Navy conducts anti-submarine warfare with Carrier Strike Groups.

Recipient of Fleet Admiral Chester W. Nimitz Award, Joseph J. Battaglia, President and CEO of Telephonics (Photo: Business Wire)

Mr. Battaglia is helping forge the future with development of the game-changing Advanced Radar Periscope Detection and Discrimination capability for the Navy. Telephonics also provides critical avionics for the F/A-18, P-3, P-8, MH-60S, and precision landing systems for aircraft carriers and large-deck amphibious assault ships.

In his 40-plus year career, Mr. Battaglia has held a variety of positions, including vice president and general manager of Lockheed Martin's Defense Systems Division and vice president of Business Development for Litton's Laser Systems Division. He is a graduate of Adelphi University with a Bachelor and Master of Science degrees in Electrical Engineering and Applied Physics, respectively.

Telephonics Corporation is honored and proud to have Joe Battaglia as their leader and we thank Joe for his dedication, outstanding leadership and vision that makes Telephonics what it is today.

About Telephonics

Telephonics' high-technology engineering and manufacturing capabilities provide integrated information, communication and sensor system solutions to military and commercial markets worldwide. Telephonics specializes in aircraft intercommunication systems, wireless communication systems, radars, identification friend or foe products, integrated security systems, air traffic management systems, aerospace electronics, and the performance of threat and radar system analyses.

About Griffon Corporation

Griffon Corporation (the "Company" or "Griffon"), headquartered in New York, N.Y., is a diversified management and holding company that conducts business through wholly-owned subsidiaries. The Company oversees the operations of its subsidiaries, allocates resources among them and manages their capital structures. The Company provides direction and assistance to its subsidiaries in connection with acquisition and growth opportunities as well as in connection with divestitures. Griffon also seeks out, evaluates and, when appropriate, will acquire additional businesses that offer potentially attractive returns on capital to further diversify itself.

Forward-Looking Statements

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Certain statements other than statements of historical fact included in this release are forward-looking statements. Such forward-looking statements are based on the beliefs of the company's management, as well as assumptions made by and information currently available to the company's management. Actual results could differ materially from those contemplated by the forward-looking statements. Information concerning risks and uncertainties that may impact the company's results and forward-looking statements are set forth in Griffon Corporation's filings with the SEC. The company does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events.

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    Source: Telephonics Corporation

Released April 20, 2011