HAMPTON, Va., April 3, 2012 (GLOBE NEWSWIRE) -- Measurement
Specialties, Inc. (Nasdaq:MEAS) (the "Company"), a global designer and
manufacturer of sensors and sensor-based systems, announced the
acquisition of the assets of Cosense, Inc. ("Cosense"), a technological
leader in the design and manufacture of engineered ultrasonic sensors
and switches used in semiconductor, medical, aerospace and industrial
applications. The transaction closed April 2, 2012.

Frank Guidone, Company CEO commented, "Cosense's ultrasonic sensors are
an excellent addition to our current product portfolio and fit nicely
within our Piezo product line. Cosense products are used for
single-point, multi-point and continuous liquid level measurement,
along with entrained bubble detection. Their innovative solutions are
very complementary to our existing product offering, particularly
within the high purity semiconductor, medical infusion pump and
commercial aerospace markets."

The purchase price for the assets of Cosense was $11.5 million. The
Company paid $10.0 million in cash at closing and will pay an
additional $1.5 million on April 2, 2013 subject to offset for certain
indemnification rights. The Company expects the transaction to add
approximately $7.5 million in annual net sales, and ~$2.0 million in
EBITDA.

Naim Dam, Cosense CEO commented, "We are excited to be part of the MEAS
family; their technical experience in ultrasonics, global sales force
and worldwide manufacturing footprint make them an excellent partner
for Cosense. We look forward to leveraging their broad application
knowledge to expand our reach and accelerate growth."

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 -- piezo-resistive silicon
sensors, application-specific integrated circuits,
micro-electromechanical systems ("MEMS"), piezoelectric polymers, foil
strain gauges, force balance systems, fluid capacitive devices, linear
and rotational variable differential transformers, electromagnetic
displacement sensors, hygroscopic capacitive sensors, ultrasonic
sensors, optical sensors, negative thermal coefficient ("NTC") ceramic
sensors, mechanical resonators and submersible hydrostatic level
sensors -- 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 as "should",
"intends", " is subject to", "expects", "will", "continue",
"anticipate", "estimated", "projected", "may", " believe", "future
prospects", or similar expressions. Factors that might cause actual
results to differ materially from the expected results described in or
underlying our forward-looking statements include: Conditions in the
general economy, including risks associated with the current financial
crisis and worldwide economic conditions and reduced demand for
products that incorporate our products; Competitive factors, such as
price pressures and the potential emergence of rival technologies;
Compliance with export control laws and regulations; Fluctuations in
foreign currency exchange and interest rates; Interruptions of
suppliers' operations or the refusal of our suppliers to provide us
with component materials, particularly in light of the current economic
conditions and potential for suppliers to fail; Timely development,
market acceptance and warranty performance of new products; Changes in
product mix, costs and yields; Uncertainties related to doing business
in Europe and China; Legislative initiatives, including tax legislation
and other changes in the Company's tax position; Legal proceedings;
Compliance with debt covenants, including events beyond our control;
Conditions in the credit markets, including our ability to raise
additional funds or refinance our existing credit facility; Adverse
developments in the automotive industry and other markets served by us;
and risk factors listed from time to time in the reports we file with
the SEC. 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
release.


CONTACT: Mark Thomson, CFO
         (757) 766-4224