Exhibit 99.1

                         [Servotronics, Inc. Letterhead]


November 14, 2006   SERVOTRONICS, INC. (AMEX- SVT) ANNOUNCES
                       NINE MONTHS AND 3rd QUARTER RESULTS
                    FOR THE PERIODS ENDED SEPTEMBER 30, 2006

     Elma,  NY  --  Servotronics,   Inc.  (Amex  -  SVT)  reported  revenues  of
$17,811,000 and net income of $758,000 (or $0.38 per share - Basic and $0.35 per
share Diluted) for the nine month period ended September 30, 2006 as compared to
revenues of  $17,398,000  and net income of $581,000 (or $0.28 per share - Basic
and  $0.27 per  share  Diluted)  for the  comparable  period of 2005.  The third
quarter ended September 30, 2006 reported  revenues of $5,646,000 and net income
of  $227,000  (or $0.12 per share - Basic and $0.11 per share  Diluted)  for the
third quarter ended September 30, 2006 as compared to revenues of $5,741,000 and
net income of  $252,000  (or $0.12 per share - Basic and  Diluted)  for the same
period in 2005.

     The Company is composed of two groups - the Advanced Technology Group (ATG)
and the Consumer Products Group (CPG). The ATG primarily  designs,  develops and
manufactures  servo  control and other  components  for various  commercial  and
government  applications (i.e., aircraft, jet engines,  missiles,  manufacturing
equipment,  etc.). The CPG designs and manufactures cutlery, bayonets,  machetes
and  combat,  survival,  sporting,  agricultural,  and  pocket  knives  for both
commercial and government applications.

     Revenue  increases  at the  Company's  ATG more than offset the decrease in
nine month  revenues at the  Company's  CPG,  and  mitigated,  but did not fully
offset the  decrease  in  comparative  third  quarter  revenues  at the CPG that
resulted  primarily from the scheduled and previously  reported  completion of a
significant  government  contract.  Demand for the  Company's  ATG  products  is
strong.

     ATG's  expansion of its marketing  efforts to foreign  countries is meeting
with continuing success. Control components for foreign aerospace, manufacturing
and other  applications  have been developed and purchase orders  received.  The
Company is also  exhibiting at the MEDICA 2006 Show in Dusseldorf,  Germany this
month.  The ATG has been successful in being selected as the exclusive  supplier
of various  control  components  in  multi-year  agreements  with certain  major
domestic customers.

     The  CPG  is  developing   new  items  for  both  military  and  commercial
applications.  The  CPG is a  qualified  and  approved  supplier  to  the U.  S.
government for a number of different  types of bayonets and other cutlery items.
It also  manufactures  a wide  range  of  cutlery  for the  sporting  goods  and
commercial cutlery markets.

     In  January  of 2006,  the  Company's  Board of  Directors  authorized  the
purchase by the Company of up to 250,000  shares of its common stock in the open
market or in privately  negotiated  transactions.  As of October 31,  2006,  the
Company has purchased 110,491 shares under this program.

                           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.