MTLG Metrologic Instruments

BLACKWOOD, N.J., April 24 /PRNewswire-FirstCall/ -- Metrologic Instruments, Inc. (NASDAQ:MTLG), today announced that the Advanced Optical Systems Division of its Adaptive Optics Associates, Inc. ("AOA") subsidiary has received a contract modification valued at $3.5 million from a proprietary customer bringing the total value of the contract to $5.9 million. Funding for this contract has been increased by $2.8 million to $5.3 million with approximately $2.8 million of revenue recognized through March 31, 2006. The period of performance for the entire contract is expected to last through the end of the third quarter of 2006. The remaining balance of $0.6 million funding will be incrementally funded through that period. Payments under the contract will be made to AOA on a cost-plus-fee basis. Jeffrey Yorsz, AOA's President and General Manager, stated, "This program involves developments that should have great utility to our customer in the near future. Our customer's continued funding of this effort reflects their appreciation of AOA's progress to date." For proprietary reasons, this customer has requested that Metrologic not release its name. About Metrologic Metrologic Instruments, Inc. ("Metrologic" or the "Company") is a global supplier of choice for data capture and collection hardware, optical solutions, and image processing software. Metrologic has been delivering innovative, quality products that are cost effective, reliable and supported by a superior level of personal service for nearly 40 years. Metrologic products are sold worldwide through Metrologic's sales, service and distribution offices located in The Americas, EMEA and Asia/Pacific. Metrologic provides its customers not only with a great deal, but a great deal more. For more information please call 1-800-667-8400 or visit http://www.metrologic.com/. Forward-Looking Statement Forward-looking statements contained in this release are highly dependent upon a variety of important factors which could cause actual results to differ materially from those reflected in such forward-looking statements. Specifically, the timing and extent to which the Company's subsidiary receives additional funding awards under the contract could cause actual results to differ from expectations. When used in this release and documents referenced, the words "believes," "expects," "may," "should," "seeks," or "anticipates," and similar expressions as they relate to Metrologic or its management are intended to identify such forward-looking statements. For additional factors, please see Metrologic's reports filed with the Securities and Exchange Commission. DATASOURCE: Metrologic Instruments, Inc. CONTACT: Metrologic's Contact for Investor Relations: Ann Anthony, Director, Investor Relations, +1-856-228-8100 x5507, ; Contact for Advanced Optical Systems: Jeffrey Yorsz, President and General Manager, +1-617-806-1400, Web site: http://www.metrologic.com/

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