Exhibit 99.1
TECHNOLOGY RESEARCH CORPORATION
ANNOUNCES RETIREMENT OF ROBERT S. WIGGINS
CLEARWATER, FLORIDA, March 31, 2005 - Robert S. Wiggins, Chairman of the Board of Technology
Research Corporation (TRC), (NASDAQ-TRCI), announced today that he hasdecided to retire as a full
time employee of the Company on March 31, 2005, after 17 yearsof service. He will fulfill his duties as
Chairman of the Board through the upcoming annualmeeting of shareholders in August 2005 and
indicated he will not run for re-election to theBoard.
Mr. Wiggins said, “This is a continuing part of the succession plan that has been contemplated for some
time and began implementation following last year’s annual meeting of shareholderswhen Jerry T. Kendall
was elected President and Chief Executive Officer. The Company is fortunateto have Jerry Kendall in this
position.” He added, “It has been rewarding to me personally that theCompany’s core GFCI products, the
Fire Shield®technology and Military products are havingsuch a positive impact in the market.”
Technology Research Corporation designs, manufactures and markets electrical safety productsthat save
lives, protect people from serious injury from electrical shock and prevent electrical firesin the home and
workplace. These products have worldwide application. The Company also suppliespower 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 innature
and, accordingly, are subject to risks and uncertainties. The actual results may differmaterially from
those described or contemplated.
# # #