Exhibit 99

COMPANY NEWS RELEASE
CONTACT:  Roger E. Brooks  -  207-283-0156 Ext 121

FRANKLIN ELECTRIC AND INCON REACH MERGER AGREEMENT - INCON WOULD BECOME
PART OF FRANKLIN'S FUELING SYSTEMS BUSINESS

SACO, MAINE - April 25, 2002 - Intelligent Controls, Inc. (INCON) - (AMEX
symbol: ITC), announced today that it has entered into a merger agreement
with Franklin Electric Co., Inc. (NASDAQ symbol: FELE).  Under the proposed
merger, INCON would become a wholly-owned subsidiary of Franklin.  INCON is
a manufacturer of software and electronic measurement systems for the
petroleum and utility industries.  Franklin Electric, a technical leader in
electric motors, drives and controls, is the world's largest manufacturer of
submersible water and fueling system motors, a manufacturer of underground
fueling systems hardware and flexible piping systems and a leader in
engineered industrial motor products.

INCON shareholders would receive approximately $18 million, or $3.95 per
share, for all outstanding INCON stock.  All consideration would be paid in
cash.  The merger is subject to INCON shareholder approval and other
specified conditions, and is targeted for completion by the end of June.

Roger E. Brooks, President & CEO of INCON, said; "We are excited about
joining Franklin Fueling Systems' strong lineup, alongside the FE Petro, EBW
and APT brands.  With the addition of INCON's fuel management software and
hardware, FFS will offer even more extensive product capability for the
petroleum equipment market, targeting opportunities for system integration
that result in enhanced customer value.  INCON's strong product development,
high quality/low cost  manufacturing and marketing/selling will definitely
benefit from Franklin's financial resources, broad family of products and
large customer base."

William H. Lawson, Chairman, Chief Executive Officer and President of
Franklin Electric Co., Inc. added; "The acquisition of INCON together with
the recent acquisition of the Campo/Miller 'Auto-Learn' technology
significantly strengthens Franklin Fueling Systems' product offerings of fuel
management and electronic line leak detection systems."

Intelligent Controls, Inc. is a leading supplier of software, fuel
management systems (FMS) and line leak detection equipment for the
petroleum industry, as well as intelligent electronic devices (IEDs) and
power reliability systems (PRS) for the power utility market and other
industrial applications.  Additional information about INCON may be found
on its web-site at www.incon.com.


FORWARD-LOOKING STATEMENT DISCLAIMER.  THIS PRESS RELEASE CONTAINS
STATEMENTS THAT ARE NOT HISTORICAL FACTS AND ARE CONSIDERED "FORWARD-LOOKING
STATEMENTS" (AS DEFINED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
1995), INCLUDING STATEMENTS CONCERNING THE EXPECTED TIMING AND BENEFITS OF
THE MERGER.  CONSUMMATION OF THE MERGER INVOLVES VARIOUS UNCERTAINTIES,
INCLUDING THE RISK OF MATERIAL ADVERSE CHANGES IN INCON'S BUSINESS OR
FINANCIAL CONDITION OR OTHER FUTURE EVENTS NOT IN THE CONTROL OF THE
PARTIES, WHICH COULD CAUSE ONE OR MORE OF THE CLOSING CONDITIONS STATED IN
THE MERGER AGREEMENT NOT TO BE SATISFIED.  IN ADDITION, THERE CAN BE NO
ASSURANCE THAT EXPECTED FUTURE BENEFITS OF THE MERGER WILL BE ACHIEVED.

ADDITIONAL INFORMATION.  INCON WILL FILE WITH THE SECURITIES AND EXCHANGE
COMMISSION A PROXY STATEMENT CONTAINING IMPORTANT INFORMATION ON THE
PROPOSED MERGER AND ON THE IDENTITY AND INTERESTS OF PERSONS WHO, UNDER SEC
RULES, MAY BE CONSIDERED PARTICIPANTS IN THE SOLICITATION OF PROXIES FOR
THIS TRANSACTION.  ONCE FILED, THE PROXY STATEMENT WILL BE AVAILABLE
WITHOUT CHARGE AT THE SEC'S WEB SITE AT WWW.SEC.GOV.  A COPY OF THE
DEFINITIVE PROXY STATEMENT WILL BE MAILED TO SHAREHOLDERS.  INVESTORS ARE
URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT BECOMES AVAILABLE.