MEASUREMENT SPECIALTIES acquires BETATHERM SENSORS and YSI TEMPERATURE

HAMPTON, Va., Apr 3, 2006 -- Measurement Specialties, Inc., a designer and manufacturer of sensors and sensor-based systems, announced today it has entered into agreements to acquire two companies in the field of high-precision temperature sensing for an aggregate purchase price of $52 million. To finance the transactions, the Company expanded its current credit facility with GE Commercial Finance, JPMorgan Chase Bank and Wachovia Bank from $35 million to $75 million.

Measurement Specialties announced it has signed a definitive agreement to acquire the capital stock of BetaTHERM Sensors, a temperature sensor company headquartered in Galway, Ireland, for $38 million ($35 million in cash at close, $2 million deferred payments and $1million in MEAS shares). Established in 1983, BetaTHERM designs and manufactures precision thermistors and custom probes used for temperature sensing in aerospace, biomedical, automotive, industrial and consumer goods applications.

Measurement Specialties also announced it has signed a definitive agreement to acquire the capital stock of YSI Temperature, a division of Yellow Springs, Ohio-based YSI Incorporated, which also manufactures thermistors and custom probes, for $14 million in cash. YSI Temperature is a leader in the high-precision temperature market, focusing on engineered solutions for medical/healthcare, aerospace and industrial applications.

The combined acquisitions will establish the basis of a newly formed Temperature product line within MEAS. The group will focus on high-precision, application engineered solutions. For the 12 months ended March 31, 2006, the group will have combined annual proforma sales of approximately $36 million, and will generate approximately $7.5 million in proforma earnings before interest, taxes, depreciation and amortization (EBITDA). The Company anticipates closing both transactions on or before Tuesday.

"I am extremely pleased to announce the acquisitions of BetaTherm and YSI Temperature," commented Frank Guidone, Company CEO. "Temperature sensing is the most commonly measured physical characteristic, and has been a gap in our technology portfolio. The combined strength of BetaTHERM and YSI Temperature will make MEAS a formidable player in the high-precision market. Strong synergies between both companies, as well as with MEAS, make this a very strategic addition. Both companies are financial stable, and we anticipate the new product line to be immediately accretive to earnings."

Terence Monaghan, BetaTHERM CEO added, "The BetaTHERM team is delighted to be joining MEAS. The strength of its position in the sensor industry, coupled with its global resources, will significantly enhance BetaTHERM and our ability to set the standard in the customised, high-precision temperature marketplace."

YSI Inc. President and CEO Rick Omlor stated, "After closely examining our portfolio and strategically reviewing key product lines, we recognized that what we do best is instrumentation, systems, and services. As such YSI's strongest growth opportunities are in the environmental business, where we have chosen to dedicate the necessary investments in new technology and acquisitions. Also we concluded that the interests of our temperature components group would be better served with a company like Measurement Specialties, which can grow and invest in this business."

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, force, vibration, position, humidity, temperature 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.