TRC selects investment banking firm

CLEARWATER, Fla. (BUSINESS WIRE) -- Robert S. Wiggins, chairman and chief executive officer of Technology Research Corporation (TRC), announced today that the Company has selected The Acquisition Search Corporation (TASC) of Atlanta, Georgia, as its investment banker, to assist TRC in the potential sale of the Company.

Wiggins stated, "Roger Orloff, president of TASC, is a veteran of 34 years of merger and acquisition experience. He brings the expertise to seek a strategic buyer whose resources can realize the large market potential of the Fire Shield technology." Wiggins added, "Roger is in the process of following up on a number of expressions of interest."

According to Orloff, "TRC with its core ground fault technology, expertise in electronic controls for military engine generator sets and its evolving line of Fire Shield products has the potential to add significant value to a strategic buyer."

TRC is recognized as a worldwide 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 used by the United States Military and its prime contractors.