SCHEDULE 14A INFORMATION

          PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES
                             EXCHANGE ACT OF 1934

Filed by the Registrant [X]

Filed by a Party other than the Registrant [ ]

Check the appropriate box:

[ ]  Preliminary Proxy Statement
[ ]  Confidential, for Use of the Commission Only
    (as permitted by Rule 14a-6(e)(2))
[X]  Definitive Proxy Statement
[ ]  Definitive Additional Materials
[ ]  Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12


                       Technology Research Corporation
_______________________________________________________________________________
                (Name of Registrant as Specified In Its Charter)

_______________________________________________________________________________
    (Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

[X]  No fee required.

[ ]  Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.

     (1)  Title of each class of securities to which transaction applies:
          _____________________________________________________________________
     (2)  Aggregate number of securities to which transaction applies:
          _____________________________________________________________________
     (3)  Per unit price or other underlying value of transaction computed
          pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
          filing fee is calculated and state how it was determined):
          _____________________________________________________________________
     (4)  Proposed maximum aggregate value of transaction:
          _____________________________________________________________________
     (5)  Total fee paid:
          _____________________________________________________________________

[ ]  Fee paid previously with preliminary materials.

[ ]  Check box if any part of the fee is offset as provided by Exchange Act
     Rule 0-11(a)(2) and identify the filing for which the offsetting fee was
     paid previously. Identify the previous filing by registration statement
     number, or the Form or Schedule and the date of its filing.

     (1)  Amount Previously Paid:
          _____________________________________________
     (2)  Form, Schedule or Registration Statement No.:
          _____________________________________________
     (3)  Filing Party:
          _____________________________________________
     (4)  Date Filed:
         ______________________________________________
                            TECHNOLOGY RESEARCH CORPORATION

                        Notice of Annual Meeting to Shareholders
                               to be held August 22, 2002




To the Shareholders of
TECHNOLOGY RESEARCH CORPORATION

     You are cordially invited to attend the Annual Meeting of Shareholders of
Technology Research Corporation, a Florida corporation (the "Company"), which
will be held on August 22, 2002, at 2:30 P.M. local time, at the Hampton Inn,
21030 U.S. 19 North, Clearwater, Florida 33765, Clearwater, Florida, for the
following purposes:

     1.  To elect six members of the Board of Directors who will be elected to
         a one-year term of office.

     2.  To ratify the selection by the Company's Board of Directors of
         KPMG LLP, Certified Public Accountants, as independent auditors of
         the Company for its fiscal year ending March 31, 2003.

     3.  To consider and act upon any matters related to the foregoing purposes
         and to transact such other business as may properly be brought before
         the meeting and at any adjournments thereof.

     A Proxy Statement and Board of Directors Proxy are being mailed with this
notice.  You are invited to attend the meeting in person, but if you are unable
to do so, the Board of Directors requests that you sign, date and return the
proxy, as promptly as practicable, by means of the enclosed envelope.  If you
are present at the meeting and desire to vote in person, you may revoke the
proxy, and if you receive more than one proxy (because of different addresses
of stockholdings), please fill in and return each proxy to complete your
representation.


By order of the Board of Directors


Robert S. Wiggins
Chairman of the Board and
Chief Executive Officer



Clearwater, Florida
July 12, 2002
Enclosures










                           TECHNOLOGY RESEARCH CORPORATION
                              5250 140th Avenue North
                             Clearwater, Florida 33760

                                  PROXY STATEMENT
                                        FOR
                           ANNUAL MEETING OF SHAREHOLDERS
                             TO BE HELD AUGUST 22, 2002




I.  Solicitation and Revocation of Proxies

     This Proxy Statement and accompanying form of proxy are being mailed on
or about July 12, 2002 in connection with the solicitation by the Board of
Directors of Technology Research Corporation, a Florida corporation (the
"Company") of proxies to be used at the Annual Meeting of Shareholders, to be
held on August 22, 2002 at 2:30 P.M. local time, at the Hampton Inn, 21030 U.S.
19 North, Clearwater, Florida 33765 (the "Annual Meeting"), and at any and all
adjournments thereof, for the purposes set forth in the accompanying notice of
said meeting, dated July 12, 2002.

     As this solicitation is being made exclusively by the Board of Directors
of the Company, any costs incurred in connection therewith will be borne by the
Company.  Brokerage houses and other nominees of record will be requested to
forward all proxy solicitation material to the beneficial owners, and their
expenses in such regard will also be paid by the Company.  All proxies are
being solicited by mail in the accompanying form, but further solicitation
following the original mailing may be made by Board representatives or agents
by telephone, telegraph or personal contact with certain shareholders.

     Execution of the enclosed proxy will not affect a shareholder's right to
attend the meeting and vote in person.  A shareholder giving a proxy may revoke
it at any time before exercise, by either notifying the Secretary of the
Company of its revocation, submitting a substitute proxy dated subsequent to
the initial one or attending the Annual Meeting and voting in person.

     All properly executed proxy cards delivered pursuant to this solicitation
and not revoked will be voted at the Annual Meeting in accordance with the
directions given.  If no specific instructions are given with regard to the
matters to be voted upon, the shares represented by a signed proxy card will be
voted FOR the election of the nominees listed below under the caption "Election
of Directors", FOR the ratification of the appointment of KPMG LLP as the
Company's independent accountants, and if any other matters properly come
before the Annual Meeting, the persons named as Proxies will vote upon such
matters according to their best judgment.

     A proxy card is enclosed for your use. YOU ARE SOLICITED ON BEHALF OF THE
BOARD OF DIRECTORS TO COMPLETE, SIGN, DATE AND RETURN THE PROXY CARD IN THE
ACCOMPANYING ENVELOPE.

     A copy of the 2002 Annual Report to Stockholders, which includes the
Company's Form 10-K for the fiscal year ended March 31, 2002, has been mailed
with this Proxy Statement to all Stockholders entitled to vote at the Annual
Meeting.




II.  Voting Securities and Principal Holders Thereof

     Only shareholders of record at the close of business on July 5, 2002 will
be entitled to vote at the Annual Meeting.  At the close of business on such
record date, there were issued and outstanding 5,437,497 shares of the
Company's common stock, $.51 par value per share (the "Common Stock"), each of
which is entitled to one vote.  There are no other classes of voting stock
issued and outstanding.  The presence, in person or by proxy, of a majority of
the outstanding shares of Common Stock of the Company is necessary to
constitute a quorum at the Annual Meeting.  Votes withheld from any nominee for
election as director, as well as abstentions and broker "non-votes" with
respect to all other matters being submitted to the stockholders; are counted
as present for purposes of determining the presence of a quorum for the
meeting but not for purposes of determining approval for that matter.  If a
broker indicates on the enclosed proxy that it does not have discretionary
authority as to certain shares to vote on a particular matter, those votes will
be deemed to be non-votes with respect to that matter.  The affirmative vote of
the holders of a majority of the shares of Common Stock represented in person
or by proxy at the Annual Meeting is required to (i) elect directors and (ii)
ratify the appointment of KPMG LLP as the Company's independent certified
public accountants for the year ending March 31, 2003.

     The following table enumerates, as of July 5, 2002, the name, address,
position with the Company, if any, and ownership, both by numerical holding and
percentage interest, of the beneficial owners by (i) each person known to the
Company as having beneficial ownership of more than five percent (5%) of the
Company's equity securities, (ii) each Director, (iii) each "named executive
officer" (as defined in Item 402(a) (3) of Regulation S-K under the Securities
Exchange Act of 1934 (the "1934 Act") ("Named Executive Officer")), and (iv)
all Directors and Executive Officers of the Company as a group:


Name, Position and Address                         Shares            Percentage
   of Beneficial Owner                      Beneficially Owned (1)    of Class
- --------------------------                  --------------------      --------
Robert S. Wiggins,                                 344,304              6.3%
Chairman of the Board,
Chief Executive Officer
and Director

Raymond H. Legatti, (2)                            172,872              3.2%
President and Director

Raymond B. Wood, (2)                               156,375              2.9%
Senior Vice President
and Director

Gerry Chastelet, (2)                                15,000              0.3%
Director

Edmund F. Murphy, Jr., (2)                          28,568              0.5%
Director

Martin L. Poad, (2)                                 15,000              0.3%
Director

Scott J. Loucks, (2)                                15,424              0.3%
Vice President and
Chief Financial Officer
                                      2

Dimensional Fund Advisors, Inc. (3)                301,900              5.6%
1299 Ocean Avenue, 11th Floor
Santa Monica, California 90401

All directors, officers and 5% (2)               1,049,443             19.0%
beneficial owner as a group (8 persons)


Footnotes:

(1)  For purposes of this table, a person or group of persons is deemed to be
the "beneficial owner" of any shares that such person has the right to acquire
within 60 days following July 5, 2002.  For purposes of computing the
percentage of outstanding shares held by each person or group of persons named
above on a given date, any security that such person or persons has the right
to acquire within 60 days following July 5, 2002 is deemed to be outstanding,
but is not deemed to be outstanding for the purpose of computing the percentage
ownership of any other person.

(2)  Includes the following shares subject to currently exercisable options
held by Messrs.  Legatti (11,700), Wood (11,700), Chastelet (15,000), Murphy
(28,334), Poad (15,000) and Loucks (8,368).

(3)  5% beneficial owner as reported in the shareholder's Schedule 13G/A filed
with the Securities and Exchange Commission ("SEC") on February 12, 2002.


III. Election of Directors

     A.  Number and Composition of the Board of Directors.  The By-Laws of the
Company provide that its Board of Directors shall consist of not less than
three members and may be composed of such higher number, as may be fixed from
time to time by action of the Board of Directors or of the shareholders.  The
Board recommends that the exact number of directors not be determined by
shareholder action, thus permitting the Board to increase or decrease the
number of directors during the year and to fill any vacancy as it deems
advisable to do so.  The Board is currently comprised of six members.  All six
members of the Board of Directors will stand for election at the 2002 Annual
Meeting.

     B.  Information Concerning Nominees.  Unless authority is withheld as to
the Board designated nominees, the shares represented by Board of Directors
proxies properly executed and timely received will be voted for the election
as Director of the nominees named below, individuals who presently serve as
Directors of the Company.  If such nominees cease to be a candidate for
election for any reason, the proxy will be voted for a substitute nominee
designated by the Board of Directors.  The Board has no reason to believe the
nominees will be unavailable to serve if elected.  Board members owning shares
of Common Stock intend to either be present or vote their shares in favor of
the nominees listed below or give their proxy in support of such nominees.  The
nominees listed below, if elected, will serve a one-year term, expiring on the
date of the annual meeting of shareholders in 2003.  Certain information with
respect to each nominee is hereafter set forth:





                                      3
                                                                       Year
Name                    Age       Position                        First Elected
- ----                    ---       --------                        -------------
Robert S. Wiggins        72       Director, Chairman of the            1988
                                  Board, Chief Executive Officer
Raymond H. Legatti       70       Director and President               1981
Raymond B. Wood          67       Director and Senior Vice             1981
                                  President and Director of
                                  Government Operations and Marketing
Gerry Chastelet          55       Director                             1999
Edmund F. Murphy, Jr.    73       Director                             1988
Martin L. Poad           62       Director                             1998


     ROBERT S. WIGGINS, has been Chairman of the Board, Chief Executive officer
and Director of the Company since March 1988.  From 1974 to 1987, he was
Chairman, Chief Executive Officer and President of Paradyne Corporation, Largo,
Florida, a data communications company.  Mr. Wiggins served as a consultant for
Paradyne from 1987 to March 1988.  In addition, he spent three years with GTE
Information Systems Division as a Vice President and 13 years in various sales
and product development managerial positions with IBM Corporation.

     RAYMOND H. LEGATTI, a founder of the Company, has been President of the
Company and a member of the Board since its founding in 1981.  From 1980 to
1981, he served as Corporate Director of Electronic Activity for Square D
Company, whose offices are located in Palatine, Illinois.  From 1978 to 1980,
he served as Manager of Square D operations in Clearwater, Florida.  From 1975
to 1978, he served as President of Electromagnetic Industries, Inc., a
subsidiary of Square D Company.  During the prior 20 years, he was Vice
President of Engineering, Director and General Manager of the Electronics
Division of Electromagnetic Industries, Inc. which was acquired by Square D
Company in 1974.  He has served on the Board of Directors of the Building
Equipment Division of the National Electrical Manufacturers Association
("NEMA") and was the Technical Representative for NEMA on the National Fire
Prevention Association's Committee for Standards for Anesthetizing Locations.
He has served as Chairman of the Ground Fault and Health Care sections of NEMA.
Mr. Legatti was appointed as Technical Advisor to the United States National
Committee of the International Electrotechnical Commission ("IEC") (which
establishes International Electrical Standards) SC23E for GFCI technology and
also is Chairman of the U.S. Technical advisory groups for IEC SC23E/WG2 and
WG7, and serves as the expert delegate on several IEC committees representing
the USA.  Mr. Legatti is also Chairman of IEC 23E/WG7 Committee for Protective
Devices for Battery Powered Vehicles.  Mr. Legatti serves on the NEMA Electric
Vehicle Council; is a NEMA representative on the Electric Power Research
Institute ("EPRI"); is on the Electric Vehicle Infrastructure Working Council
("IWC"); is on Health and Safety and Personnel Protection Committees; serves as
a liaison representative between the IWC and the IEC; is a Member of the Task
Group for the U. S. Consumer Products Safety Commission Home Electrical Systems
Fire Project; is a Member of the Society of Automotive Engineers; and is a
Fellow of the Institution of Incorporated Executive Engineers.  Mr. Legatti
also serves on the Underwriters Laboratories Advisory Committee.  Mr. Legatti,
English-born and educated, has acquired extensive management experience and
expertise in the areas of electrical control and measurement in various
environments.  His 26 separate United States patents are applied in products in
wide use in military engine generator systems, hospital insulated electrical
systems, and in electrical safety products that prevent fires and protect
against electrocution and electrical shock.  On October 12, 1999, Xerox
Corporation was issued a patent, which listed Mr. Legatti as a co-inventor for

                                      4
the Modular, Distributed Equipment Leakage Circuit Interrupter.  This product
is used on some of Xerox's business machines and shuts off power when sensing
a certain leakage of electricity which could produce dangerous results.

     RAYMOND B. WOOD, a founder of the Company, has been a Director, Senior
Vice President and Director of Government Operations and Marketing of the
Company since its inception in 1981.  From 1974 to 1981, he was Manager of
Engine Generator Component Marketing for Square D Company.  He was employed by
Electromagnetic Industries, Inc. for 20 years prior to its acquisition by
Square D Company.  During this time, he held the position of General Manager of
Electromagnetic Industries of Georgia Inc., the systems manufacturing plant for
military products such as diesel generating systems, generators, controls,
semi-trailers, etc.  Previous assignments were Project and Design Engineer for
military products produced by the Electromagnetic Industries Inc.  Mr. Wood is
a charter member of the industries association, Electrical Generating Systems
Association ("EGSA"), has served on their Board of Directors and has been the
Chairman of the Government Liaison Committee for over 25 years.  Mr. Wood is
also a member of the U.S. Naval Institute.  For over 40 years, he has been
involved in design, manufacture and qualification conformance evaluation for
listing by the Department of Defense., marketing and product application
concerning control and measurement of electric power for Mobile Ground Power
Military Engine Generator Systems, and electrical power controls for Naval
Shipboard and Military Armored Tracked Vehicle application.  During such
period, Mr. Wood has had extensive contact with the military procurement,
contract administration, engineering and test qualifying locations, as well as
with the government prime contractors to the Department of Defense.  Mr. Wood
has served on numerous Ad-Hoc committees for military engine generator
specification review requirements and is frequently consulted for solutions to
problems encountered with military engine generator systems by both the
military and prime contractors to the Department of Defense.

     GERRY CHASTELET, was appointed to membership on the Board of Directors by
action of the incumbent Board taken as of March 31, 1999.  Mr. Chastelet is
currently retired.  From October 1998 to January 2002, Mr. Chastelet was
Chairman of the Board, Chief Executive Officer, President and a Director of
Digital Lightwave, Inc., a leading provider of optical network test and
management products.  Mr. Chastelet is also currently a director of Waverider
Communications, Inc.  From December 1995 to October 1998, Mr. Chastelet was
President, Chief Executive Officer and a Director of Wandel & Goltermann
Technologies, Inc., a global supplier of communications test and measurement
equipment.  Prior to joining Wandel & Goltermann, Mr. Chastelet was Vice
President of Sales, Marketing and Service - Americas and Asia Pacific for
Network Systems Corporation.  He also held senior management positions with
Gandalf Systems Corporation and Paradyne Corporation.  He spent 15 years with
the IBM Corporation in various sales, service, marketing and management
positions.  Mr.Chastelet has a degree in Electronic Engineering from Devry
Institute of Technology and is a graduate of the University of Toronto
Executive MBA Program.

     EDMUND F. MURPHY, JR., was appointed to membership on the Board of
Directors by action of the incumbent Board taken as of May 10, 1988.  Since
1981, Mr. Murphy has functioned as the sole owner and Chief Executive of Murphy
Management Consultants, Inc., a Belleair, Florida based consulting firm
providing advice to emerging companies, particularly those engaged in the
manufacture and distribution of a proprietary product base.  For the preceding
eight years he served as Senior Vice President of International Marketing for
Paradyne Corporation, a Largo, Florida based, publicly held distributor of data
communications equipment.

                                      5

     MARTIN L. POAD, was appointed to membership on the Board of Directors by
action of the incumbent Board taken as of November 19, 1998. Mr. Poad is the
founder, Chairman and Chief Executive Officer of Interlink Communication
Systems, Inc.(ICS), a value-added distribution company for data communications
equipment and internetworking products.  Mr. Poad has significant expertise in
using the Internet for market development and on-line commerce.  ICS has one of
the most complete web sites on the Internet.  Prior to founding ICS, Mr. Poad
had been with the IBM Corporation for 19 years in various sales and senior
management positions.  He held a number of senior management positions with
Paradyne Corporation and AT&T Paradyne, including Vice President of
Distribution.  Mr. Poad is a graduate of Carnegie-Mellon University, majoring
in industrial management with a minor in mechanical engineering.

     C.  Meetings and Committees of the Board.  The Board of Directors has not
appointed a standing nominating committee.  Nominees for election to the Board
are selected by the incumbent board at a regular meeting thereof.  With the
exception of an Audit and Compensation Committee, no other standing Board
Committee has been formed as of the present time.  Each of the incumbent
nominees for election to the Board, who have served for a full year, has
attended at least 75% of the aggregate number of total meetings of the Board,
and of total meetings of each committee of which he is a member, which have
been held during the last year.  During the Company's most recent fiscal year,
ended March 31, 2002, the Board of Directors of the Company held five Board
meetings.  The Audit and Compensation Committees each held six meetings during
the fiscal year.  Messrs. Chastelet, Murphy and Poad are the members of the
Audit and Compensation Committees.

         Compensation Committee.  The Compensation Committee makes
recommendations to the Board with respect to compensation and grants of stock
options to management employees.  In addition, the Compensation Committee
administers plans and programs relating to benefits, incentives, stock options
and compensation of the Company's Chief Executive Officer and other executive
officers.  Non-qualified stock options which are granted to the members of the
Compensation Committee are recommended by the Chief Executive Officer and
approved by the Board of Directors.

          Audit Committee.  The Audit Committee has the principal function of
reviewing the adequacy of the Company's internal system of accounting controls,
conferring with the independent auditors, recommending to the Board of
Directors the appointment of independent auditors and considering other
appropriate matters regarding the financial affairs of the Company.



          Audit Committee Report.

As set forth in more detail in the Audit Committee Charter, the primary
function of the Audit Committee (the "Committee") is to assist the Board of
Directors in fulfilling its oversight responsibilities by reviewing:

     -  the Company's financial reporting process and systems of
        internal control regarding finance, accounting and legal compliance.

     -  the independence and performance of the Company's auditors
        and the performance of the Company's senior financial officer.

     -  those areas of potential significant financial risk to the Company.

                                      6

In overseeing the preparation of the Company's financial statements, the
Committee met with both the Company's management and its independent
accountants to review and discuss all financial statements and significant
accounting policies prior to the issuance of those financial statements.
Management advised the Committee that all financial statements were prepared
in accordance with generally accepted accounting principles.

KPMG LLP, the Company's independent auditor for 2002, is responsible for
expressing an opinion on the conformity of the Company's audited financial
statements with generally accepted accounting principles.  The Committee has
discussed with KPMG LLP the matters that are required to be discussed by
Statement on Auditing Standards No. 61 (Communication with Audit Committee).
KPMG LLP has provided to the Committee the written disclosures and the letter
required by Independent Standards Board Standards No. 1 (Independence
Discussions with Audit Committee), and the Committee discussed with KPMG LLP
whether non-audit services provided by them to the Company during Fiscal Year
2002 was compatible with auditors' independence.

On the basis of these reviews and discussions, the Committee recommended to the
Board of Directors that the Board approve the inclusion of the audited
financial statements in the Company's Annual Reports on Form 10-K for the
fiscal year ended March 31, 2002, for filing with the Securities and Exchange
Commission.

The Audit Committee

Gerry Chastelet
Edmund F. Murphy, Jr.
Martin L. Poad,


IV.  Executive officers of the Registrant

Name                        Age          Position
- ----                        ---          --------
Robert S. Wiggins            72          Chief Executive Officer,
Chairman of the Board

Raymond H. Legatti           70          President

Raymond B. Wood              67          Senior Vice President and Director
                                         of Government Operations and Marketing

Scott J. Loucks              40          Vice President of Finance,
                                         Chief Financial Officer

ROBERT S. WIGGINS, has served as Chairman of the Board, Chief Executive Officer
and Director since March 1988.  Additional biographical data on Mr. Wiggins may
be found in Section III above.

RAYMOND H. LEGATTI, served as the Company's President since the Company's
inception in 1981.  Additional biographical data on Mr. Legatti may be found
in Section III above.

RAYMOND B. WOOD, has served as the Senior Vice President and Director of
Government Operations and Marketing since the Company's inception in 1981.
Additional biographical data on Mr. Wood may be found in Section III above.

                                      7

SCOTT J. LOUCKS, has served the Company in various capacities since March 1985.
Mr. Loucks performed the duties of Information Technology Manager for 4 years,
of Controller for 8 years and of Vice President of Finance and Chief Financial
Officer since August 1996.  Mr. Loucks has a Bachelor of Science Degree in
computer science and a Minor Degree in mathematics from Florida State
University.  Mr. Loucks has also been a Director and the Secretary of the
Company's Honduran subsidiary, TRC/Honduras S.A. de C.V., since February 1997.


V.   Ratification of Selection of Independent Auditors

     The Company's Board of Directors has selected the independent certified
public accounting firm of KPMG LLP to perform audit and related functions with
respect to the Company's accounts for its fiscal year ending March 31, 2003.
This is the nineteenth year that the firm has been selected to perform these
services for the Company.

     The Board recommends ratification of its selection of KPMG LLP as the
Company's auditors.  Should its selection be ratified, the Board reserves the
right to discharge and replace such firm of auditors without further
shareholder approval if it deems such a change to be in the best interests of
the Company.

     One or more representatives of KPMG LLP will be in attendance at the
forthcoming annual shareholder meeting to respond to any appropriate questions
which may be raised by shareholders and to make any statement which they may
care to address to the attending shareholders.

     The aggregate fees billed the Company for professional services rendered
for the audit of its annual financial statements for Fiscal Year 2002 and the
reviews of its quarterly financial statements included in its quarterly reports
on Form 10-Q for that fiscal year were approximately $77,562.

     KPMG LLP billed the Company approximately $21,000 for all other audit
related services it rendered in Fiscal Year 2002.  None of those services
involved financial information systems design or implementation.


VI. Executive Compensation

     The tables that follow set forth for the years ended March 31, 2000, 2001
and 2002 all compensation paid to the Company's Chairman of the Board and Chief
Executive Officer and each of the other four most highly compensated executive
officers of the Company whose compensation exceeds $100,000.  These tables
include a Summary Compensation Table, Option Grants and Aggregated Option
Exercises and Option Values table.

     A.  Summary Compensation Table
                                                 Long-Term
                               Annual           Compensation (2)
                           Compensation (1)        Awards
Name and Principal                                 Stock           All Other
Position               Year   Salary($)   Bonus   Options (#)   Compensation($)
- --------               ----   -------     -----   -------       ---------------
Robert S. Wiggins      2002   225,000      -0-    25,000             400 (3)
Chairman of the        2001   225,000      -0-      -0-              400 (3)
Board and CEO          2000   225,000      -0-      -0-              300 (3)

                                      8

Raymond H. Legatti     2002   125,000      -0-    15,000             400 (3)
President              2001   125,000      -0-      -0-              400 (3)
                       2000   125,000      -0-      -0-              300 (3)

Raymond B. Wood        2002   125,000      -0-    15,000             400 (3)
Senior Vice President  2001   125,000      -0-      -0-              400 (3)
                       2000   125,000      -0-      -0-              300 (3)

Hamze M. Moussa        2002   110,000    20,000     -0-              400 (3)
President of TRC/      2001    97,500     5,000   10,000             400 (3)
Honduras S.A. de C.V.  2000   101,460      -0-      -0-              300 (3)

Edward A. Schiff       2002   100,000    14,000     -0-              400 (3)
Vice President of U.S. 2001    99,583     7,417   15,000             400 (3)
Commercial Sales and   2000    95,003    22,000     -0-              300 (3)
Marketing

(1)  The column for "Other Annual Compensation" has been omitted because there
is no compensation required to be reported in such column.  The aggregate
amount of perquisites and other personal benefits provided to each of the
Company's Chairman of the Board and other named executives did not exceed the
lesser of $50,000 or 10% of the total of annual salary and bonus of such
officer.

(2)  The columns "Restricted Stock Award" and "LTIP Payouts" have been deleted
because the Company does not currently offer either type of awards.

(3)  The amount indicated consists of a matching contributions made by the
Company to its 401(k) Profit Sharing Plan.


     B.  Stock Option Grants

     The following table, for the Company's Chairman of the Board or the other
named executives of the Company, any stock options granted by the Company
during the fiscal year ended March 31, 2002.

                Options Grants in the Fiscal Year Ended March 31, 2002

                      Number of     Percent of
                      Securities    Total Options
                      Underlying    Granted to
                      Option        Employees in   Exercise    Expiration
Name                  Granted       Fiscal Year    Price          Date
- ----                  -------       -----------    -----          ----
Robert S. Wiggins      25,000         24.94%        1.50    March 25, 2012
Raymond H. Legatti     15,000         14.96%        1.50    March 25, 2012
Raymond B. Wood        15,000         14.96%        1.50    March 25, 2012

     C.  Aggregated Option Exercised

     The following table discloses, for the Company's Chairman of the Board and
the other named executives, the number of options exercised, the number of
unexercised options, and the value of those unexercised options for the fiscal
year ended March 31, 2002.



                                      9
                      Aggregated Option Exercises in Fiscal Year Ended
                      March 31, 2002 and Fiscal Year-End Option Values

                                                                     Value of
                                                 Number of         Unexercised
                                                Unexercised        In-the-Money
                                                 Options at         Options at
                                                Fiscal Year-       Fiscal Year-
                                                   End (#)          End ($) (2)
                 Shares
                 Acquired on    Value          Exercisable/       Exercisable/
Name             Exercise(#)  Realized($) (1)  Unexercisable      Unexercisable
- ----             ---------    -----------      -------------      -------------
Robert S. Wiggins   -0-          -0-            -0-/33,334        -0-/2,500 (3)
Raymond H. Legatti  -0-          -0-           11,700/15,000      -0-/1,500 (3)
Raymond B. Wood     -0-          -0-           11,700/15,000      -0-/1,500 (3)
Hamze M. Moussa     -0-          -0-            9,417/8,833       810/1,620 (3)
Edward A. Schiff    -0-          -0-           20,000/60,000        -0-/-0- (3)

(1)  An individual option holder, upon exercise of an option, does not receive
cash equal to the amount set forth in the Value Realized column of this table.
The amount set forth above reflects the increase in the price of the Company's
Common Stock from the date of grant to the price of the Company's Common Stock
on the option exercise date (i.e. $1.60 per share on March 31, 2002),
multiplied by the applicable number of options.  No cash is realized until the
shares received upon exercise of an option are sold.

(2)  Options are "in-the-money" at the fiscal year end if the fair market value
of the underlying securities on such date exceeds the exercise price of the
option.

(3)  These amounts represent the difference between the exercise price of such
stock options and the closing price of the Company's stock on March 31, 2002.


     D.  Director Compensation

     Although from time to time the Company has granted non-qualified stock
options and, in some instances, incentive stock options to certain Directors,
no cash compensation or fees for attending meetings of the Board are paid to
Directors.


VII. Proposals of Security Holders

     Proposals of Security Holders intended to be presented at the Annual
Meeting of Shareholders of the Company to be held in August 2003, in order to
be included in the Company's proxy statement and form of proxy relating to such
meeting, must be received by the Company, at its executive offices, not later
than March 15, 2003.  Shareholders who intend to present a proposal at the 2003
Annual Meeting of shareholders without inclusion of such proposal in the
Company's proxy materials are required to provide notice of such proposal to
the Company no later than June 1, 2003.






                                     10
VIII. Vote Required

     A bare majority (2,718,749 shares) of the Company's outstanding common
capital stock will be necessary to constitute a quorum for the transaction of
business at the annual meeting, and each issue to be presented to the
shareholders for action will require the vote of a majority of the shares
represented at the meeting, either in person or by valid proxy.  Members of the
Board of Directors currently own 657,441 of the Company's 5,437,497 shares of
outstanding common stock, (12.1%), which will be voted FOR the Board's nominees
for the Board of Directors and approval of other actions recommended in this
proxy statement.


IX.   Compliance with Section 16(a) of The Exchange Act

     Section 16(a) of the Securities Exchange Act of 1934, as amended, requires
that the Company's officers and directors, and persons who own more than ten
per cent of a registered class of the Company's Common Stock, file initial
statements of beneficial ownership (Form 3), and statements of changes in
beneficial ownership (Forms 4 or 5), of Common Stock and other equity
securities of the Company with the SEC.  Officers, directors and greater than
ten per cent shareholders are required by SEC regulations to furnish the
Company with copies of all such forms they file.

     To the best of the Company's knowledge and belief, based solely on its
review of the copies of such forms received that include written
representations from certain reporting persons that no additional forms were
required to be filed by such persons, the Company believes that all filing
requirements applicable to its officers, directors and greater than ten per
cent beneficial owners were complied with during the recent fiscal year, except
with respect to the following Form 4 and Form 5 filings:  (1) a Form 4 filing
for an incentive stock option granted to Mr. Wiggins in the amount of 25,000
shares at a price of $1.50 and was recorded on April 18, 2002 (8 days late);
(2) a Form 4 filing for an incentive stock option granted to Mr. Legatti in
the amount of 15,000 shares at a price of $1.50 and was recorded on May 2, 2002
(22 days late); (3) a Form 4 filing for an incentive stock option granted to
Mr. Wood in the amount of 15,000 shares at a price of $1.50 and was recorded on
April 18, 2002 (8 days late); (4) a Form 5 for a non-qualified stock option
granted to Mr. Chastelet in the amount of 5,000 shares at a price of $1.80 was
recorded on June 7, 2002 (23 days late); (5) a Form 5 for a non-qualified stock
option granted to Mr. Murphy, Jr. in the amount of 5,000 shares at a price of
$1.80 was recorded on June 7, 2002 (23 days late); and (6) a Form 5 for a non-
qualified stock option granted to Mr. Poad in the amount of 5,000 shares at a
price of $1.80 was recorded on June 7, 2002 (23 days late).


X.  Other Matters

     The management has no information that any other matter will be brought
before the Annual Meeting.  If, however, other matters are presented, it is the
intention of the persons named in the accompanying form of proxy to vote the
proxy in accordance with their best judgment, discretionary authority to do so
being included in the proxy.






                                     11
XI.  Requests for Copies of Form 10-K

THE COMPANY WILL MAIL, WITHOUT CHARGE, TO ANY SHAREHOLDER OF RECORD OF COMMON
STOCK AS OF JULY 5, 2002, AND UPON WRITTEN REQUEST, A COPY OF THE COMPANY'S
ANNUAL REPORT ON FORM 10-K, INCLUDING CONSOLIDATED FINANCIAL STATEMENTS,
SCHEDULES, AND LISTS DESCRIBING ALL EXHIBITS THERETO.  REQUESTS SHOULD BE
ADDRESSED TO:

                      TECHNOLOGY RESEARCH CORPORATION
                      5250 140th AVENUE NORTH
                      CLEARWATER, FLORIDA 33760
                      ATTENTION: SCOTT J. LOUCKS

SUCH INFORMATION SHALL ALSO BE MAILED TO ANY REQUESTING INDIVIDUAL NOT A
SHAREHOLDER OF RECORD WHO REPRESENTS IN WRITING THAT HE IS A BENEFICIAL OWNER
OF THE CORPORATION'S COMMON STOCK AS OF JULY 5, 2002.

A COPY OF THE COMPANY'S PUBLIC FILINGS, INCLUDING 10-Ks, 10-Qs AND PROXIES, CAN
ALSO BE SECURED FROM THE SECURITIES AND EXCHANGE COMMISSION'S "EDGAR" SYSTEM.








































                                     12
                            TECHNOLOGY RESEARCH CORPORATION

           PROXY FOR ANNUAL MEETING OF SHAREHOLDERS-TO BE HELD AUGUST 22, 2002
               THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

Each of the undersigned, as the owner(s) as of July 5, 2002 of common stock of
Technology Research Corporation, a Florida corporation(the "Company") hereby
appoints Robert S. Wiggins, Chairman of the Board and Scott J. Loucks, Chief
Financial Officer, and each of them, jointly and severally, as attorney-in-fact
and proxy, each with full power of substitution for the limited purpose of
voting all shares of the common stock owned by the undersigned at the Annual
Meeting of Shareholders of the Company to be held at the Hampton Inn, 21030
U.S. 19 North, Clearwater, Florida at 2:30 P.M., local time, August 22, 2002,
and at any adjournments thereof, but only in accordance with the following
instructions:

If you are unable to attend the meeting personally, the Board of Directors
requests that you complete and mail the proxy to insure adequate shareholder
representations at the Meeting.  As this proxy is being solicited by the Board
of Directors, you are encouraged to contact any member of the incumbent Board
if you have any question concerning this proxy or the matters referenced
herein.
                               (Continued on reverse side)


                                                                       
TECHNOLOGY RESEARCH CORPORATION

    PLEASE MARK, SIGN, DATE AND RETURN THIS PROXY
    PROMPTLY USING THE ENCLOSED ENVELOPE.

    Election of Directors               FOR   WITHHOLD   FOR ALL   To withhold authority to vote, mark "For All Except"
                                        ALL     ALL      EXCEPT    and write the nominee's number on line below.

1.  Nominees:  01) Robert S. Wiggins,   [ ]     [ ]       [ ]      ____________________________________________________
               02) Raymond H. Legatti,
               03) Raymond B. Wood,
               04) Gerry Chastelet,
               05) Edmund F. Murphy, Jr.,
               06) Martin L. Poad


    Vote on Proposal                                                                            FOR   AGAINST   ABSTAIN

2.  Approval of KPMG LLP, Certified Public Accountants, as independent auditors of the
    Company for operating year ending March 31, 2003.                                           [ ]     [ ]       [ ]


In accordance with their best judgment on any other matter that may properly be voted upon at the meeting.


This proxy, when properly executed, will be voted in the manner
directed herein by the undersigned shareholder(s).  If none of the
choices specified in any of the Proposals 1 or 2 shall be marked,
the named proxy is authorized and directed to vote as described
therein and in accordance with that certain Proxy Statement dated
July 12, 2002.

If signing in a fiduciary or representative capacity, please give full title as
such.  If signing as a corporate officer, please give your title and full name of the
corporation; or if ownership is in more than one name, each additional owner
should sign.


 ____________________________________ _______              ____________________________________ _______
|____________________________________|_______|            |____________________________________|_______|
Signature [PLEASE SIGN WITHIN BAX]    Date                 Signature [Joint Owners]             Date