[LOGO OMITTED]

                                                                    Exhibit 99.1

          1110 Maple Street * P.O. Box 300 * Elma, New York 14059-0300
                         716-655-5990  *  FAX 716-687-6012


May 14, 2003
                         SERVOTRONICS, INC. (AMEX- SVT)
                          ANNOUNCES 1ST QUARTER RESULTS


     Elma, NY -- Servotronics, Inc. (Amex - SVT) reported revenues of $3,829,000
and a net loss of $71,000 (or $(0.04) per share - Basic and Diluted) as compared
to revenues  of  $3,834,000  and a net income of $106,000  (or $0.06 per share -
Basic and Diluted) for the comparable period ended March 31, 2002. The Company's
positive cash flow from operations, liquidity ratios and backlogs continue to be
strong.

     Recent restrictions on international travel have added to the challenges of
an already troubled  commercial  aerospace industry that has yet to rebound from
the events of September 11, 2001 and the continued real and perceived threats of
further terrorist attacks...  all of which have resulted in continued reductions
and stretch-outs in aircraft and related manufacturing.  However, during the 1st
quarter of 2003, the Company's  Consumer  Products Group (CPG), as the result of
an intensive 2 year  competition,  was selected as the designer and manufacturer
of the U.S. Marine Corps' new combination  combat knife and bayonet.  Production
shipments of this  approximately 4 million dollar procurement of bayonet systems
are  anticipated  to commence  during the 3rd quarter of this year and  continue
into 2005.  During the 1st and 2nd  quarters of 2003,  the Company is  incurring
significant  front-end  costs  associated  with  prototype,   preproduction  and
start-up activities which,  consistent with the changes in accounting standards,
are  expensed  as they  occur and,  as such,  are not  matched  to their  future
revenues and benefits as provided for under previous accounting standards.  Such
costs  associated  with  expanded  sales,  marketing,  engineering  and  M  &  A
activities in  combination  with the increased  costs of  professional  fees and
corporate  governance as required by the new  Sarbanes-Oxley Act are significant
factors which contributed to the current reported net loss.

     The Company is composed of two groups - the Advanced Technology Group (ATG)
and the Consumer Products Group.  Servotronics is currently  providing  products
for a  significant  number of  aerospace  programs  such as the F/A-18 E/F Super
Hornet and other jet fighters;  the Bell/Boeing  MV-22 Osprey  Tiltrotor,  Joint
Service  Aircraft,  the  Blackhawk,  Apache,  A-10 and  other  helicopters,  the
Standard Missile, numerous business and regional jet aircraft, Raytheon's Hawker
Horizon  Aircraft,  Embraer  TwinTurbo Fan  aircraft,  the Airbus 300 series and
Boeing 700 series  commercial  aircraft,  DeHavilland  DHC8-40 and various other
programs.

     Servotronics' Advanced Technology Group designs,  develops and manufactures
servo  control  and other  components  for  various  commercial  and  government
applications (i.e., aircraft, jet engines, missiles,  satellite launch vehicles,
etc.). Its Consumer Products Group designs and manufactures  cutlery,  bayonets,
machetes and combat, survival, sporting, agriculture, and pocket knives for both
commercial and government applications.

                           FORWARD-LOOKING STATEMENTS

     Certain  paragraphs  of this  release  contain  forward-looking  statements
within the meaning of Section 27A of the  Securities Act of 1933 and Section 21E
of the  Securities  Exchange  Act of  1934,  such  as  those  pertaining  to the
Company's  expectation of new business and success in its entry into new product
programs.  Forward-looking  statements involve numerous risks and uncertainties.
The  Company  derives a material  portion of its  revenue  from  contracts  with
agencies  of the U.S.  Government  or their  prime  contractors.  The  Company's
business is performed  under fixed price  contracts and the  following  factors,
among others,  could cause actual results and future events to differ materially
from  those  set  forth  or  contemplated  in  the  forward-looking  statements:
uncertainties  in today's global economy and global  competition,  difficulty in
predicting  defense  appropriations,  the vitality and ability of the commercial
aviation  industry to purchase new aircraft,  the willingness and ability of the
Company's  customers to fund long-term purchase programs,  and market demand and
acceptance  both for the Company's  products and its  customers'  products which
incorporate  Company-made  components.  The success of the Company  also depends
upon the trends that affect the national  economy.  Readers are cautioned not to
place undue reliance on forward-looking  statements,  which reflect management's
analysis only as of the date hereof. The Company assumes no obligation to update
forward-looking statements.

       SERVOTRONICS, INC. (SVT) IS LISTED ON THE AMERICAN STOCK EXCHANGE.