EXHIBIT 2.2

                              FOR:           QUIXOTE CORPORATION

                              CONTACT:       Joan R. Riley 
                                             Daniel P. Gorey
                                             (312) 467-6755
FOR IMMEDIATE RELEASE
                                             Morgen-Walke Associates
                                             June Filingeri, John Blackwell
                                             Media contact: Eileen King
                                             (212) 850-5600


                   QUIXOTE CORPORATION ACQUIRES NU-METRICS, INC.


     CHICAGO, IL, December 11, 1998 -- Quixote Corporation (Nasdaq:QUIX) 
today announced that its wholly owned subsidiary, TranSafe Corporation, has 
acquired Nu-Metrics, Inc., (www.nu-metrics.com), a Uniontown, Pennsylvania 
based developer and manufacturer of traffic sensing and distance measuring 
devices, for approximately $15 million in cash, subject to certain 
adjustments.  Nu-Metrics had revenues of approximately $7 million during the 
twelve-month period ended September 30, 1998.  The acquisition is expected to 
be immediately accretive to earnings.

     Nu-Metrics is a leading manufacturer of electronic measuring devices for 
highway safety and traffic monitoring.  Its products are distributed 
worldwide and include the Hi-Star-Registered Trademark- portable traffic 
counter used to measure traffic flow; the Groundhog-Registered Trademark-, a 
permanent, wireless, in-pavement traffic analyzer which transmits data on 
vehicle class, speed and volume; and the Nitestar-Registered Trademark-, a 
vehicle-installed distance measuring system used by highway departments, 
utilities, and cable and telephone companies.  An advanced version of the 
Groundhog-Registered Trademark-, the RTWIN-TM- (Roadway Traffic and Weather 
Information Networks), measures road surface conditions such as temperature 
and can be used in conjunction with highway anti-icing systems.  Nu-Metrics' 
products are used in a number of applications to monitor traffic patterns not 
only on highways, but also in shopping malls and parking complexes.
     


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QUIXOTE CORPORATION ACQUIRES NU-METRICS, INC.                 Page 2


     Philip E. Rollhaus, Jr., Quixote's Chairman and Chief Executive Officer, 
commented: "With the acquisition of Nu-Metrics, Quixote furthers its program 
of becoming a larger factor in the developing intelligent transportation 
industry. With Nu-Metrics comes advanced technologies and devices which are 
used to sense, measure and communicate information which can increase traffic 
flow as well as assess road surface conditions during inclement weather.  It 
strengthens our technology platform with innovative products which complement 
our existing lines of products and services.  The addition of Nu-Metrics 
allows us to provide wireless monitoring of road conditions and increases the 
scope of information we can make available to motorists through our highway 
advisory radio systems.  As highway safety and traffic monitoring grow 
increasingly more sophisticated and technologically driven, we will be in an 
ideal position to benefit with the most advanced and complete line of 
products and services in the industry."

     Quixote Corporation, (www.quixotecorp.com), through its wholly-owned 
subsidiaries, Energy Absorption Systems, Inc. and the TranSafe Corporation, 
is the world's leading manufacturer of energy-absorbing highway crash 
cushions, truck-mounted impact attenuators, computerized highway advisory 
radio transmitting systems, electronic wireless sensing devices and other 
highway safety products and services.

     SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT 
OF 1995: EXCEPT FOR HISTORICAL INFORMATION CONTAINED HEREIN, THE MATTERS SET 
FORTH IN THIS NEWS RELEASE ARE FORWARD-LOOKING STATEMENTS.  THE 
FORWARD-LOOKING STATEMENTS SET FORTH ABOVE INVOLVE A NUMBER OF RISKS AND 
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY 
SUCH STATEMENT, INCLUDING THE RISKS AND UNCERTAINTIES DISCUSSED IN THE 
COMPANY'S ANNUAL REPORT ON FORM 10-K FOR ITS FISCAL YEAR ENDED JUNE 30, 1998, 
UNDER THE CAPTION "FORWARD-LOOKING STATEMENTS" IN MANAGEMENT'S DISCUSSION AND 
ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS, WHICH DISCUSSION 
IS INCORPORATED HEREIN BY THIS REFERENCE.
                                          

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