Exhibit 99.1

  TECHNOLOGY RESEARCH CORPORATION

 SIGNS AGREEMENT WITH MAJOR AIR CONDITIONER MANUFACTURER

  AND REPORTS SECOND QUARTER SHIPMENT DELAY

CLEARWATER, FLORIDA, October 11, 2004 - Jerry T. Kendall, President and Chief

Executive Officer of Technology Research Corporation (TRC), (NASDAQ:TRCI),

announced today that the Company has entered into a three year agreement with a

major appliance manufacturer under which TRC will be the exclusive supplier of

cord fire protection products for this year’s room air conditioner "RAC"

manufacturing cycle. The current estimate of the value of product to be

shipped in the first year of the agreement is $4.3 million. Shipments are

expected to commence in October 2004 with most units shipped in the December

2004 through May 2005 time frame. Revenue for years two and three of the

agreement will be based on the customer’s volume requirement plus meeting

certain contractual performance and pricing conditions.

Kendall said, "We are pleased that the Company has been selected to supply its

Fire Shield® LCDI technology for cord fire prevention on RAC units by another

major appliance manufacturer. He added, "This brings our total announced

volume for this application to approximately $8.3 million, which is consistent

with our expectations for orders in this timeframe. The Company continues to

have on-going negotiations with other room air conditioner manufacturers for

significant additional volume."

At the same time, the Company announced that due to (i) four days of lost work

at its Clearwater facility, together with shipping and logistical issues it

faced from multiple hurricanes that struck Florida during the Company’s second

fiscal quarter; and (ii) unanticipated delays in the production startup process

for the room air conditioner application, the Company was unable to ship

approximately $1.6 million of scheduled orders for its second fiscal quarter.

Certain operating expenses applicable to the delayed shipments were in place

during the second quarter. As a result of these unanticipated delays and

increased operating expenses, the Company expects to report lower than planned

revenue and profit for its fiscal second quarter which ended September 30,

2004. These orders become part of the Company’s backlog for its third fiscal

quarter ending December 31, 2004. The Company expects that the increase in

manufacturing capacity at its Honduras facility and at its Far East contract

manufacturers will support a higher volume of shipments in fiscal third quarter.

Technology Research Corporation designs, manufactures and markets electrical

safety products that save lives, protect people from serious injury from

electrical shock and prevent electrical fires in the home and workplace. These

products have worldwide application. The Company also supplies power

monitoring and control equipment to the United States Military and its prime

contractors.

"Safe Harbor" Statement: Certain statements made in this press release are

forward looking in nature and, accordingly, are subject to risks and

uncertainties. The actual results may differ materially from those described

or contemplated.