Measurement Specialties Amends Senior Credit Facility

HAMPTON, Va., April 29, 2009 (GLOBE NEWSWIRE) -- Measurement Specialties, Inc.
(Nasdaq:MEAS) (the "Company"), a designer and manufacturer of sensors and
sensor-based systems, announced today that it has completed an amendment to its
senior credit facility, reducing the revolver commitment from $121 million to
$90 million while revising pricing and improving certain quarterly financial
covenants.

As a result of the global recession and associated decline in sales and
earnings, the Company was forecasting a default under several of its financial
covenants in fiscal 2010. Accordingly, the Company has entered into an amendment
with its senior lenders, effective April 27, 2009. The amendment will provide
the Company with additional flexibility under certain quarterly financial
covenants including the minimum EBITDA covenant, the total leverage ratio, the
fixed charge ratio, and the maximum capital expenditure covenant, during its
fiscal year ending March 31, 2010. In addition to fees paid in connection with
the amendment, the Company agreed to increase the interest rate charged on the
revolver and term loan balances, which is determined based on a calculation of
its senior leverage. During fiscal 2010, the Company is precluded from acquiring
additional businesses without the approval of the bank group.

Mark Thomson, Company CFO, commented, "As a result of the global economic crisis
and the uncertainty of when and how quickly the global economy will recover, we
felt it prudent to work proactively with our bank group to amend the credit
facility to obtain additional flexibility with respect to our financial
covenants."

About Measurement Specialties

Measurement Specialties, Inc. (MEAS) designs and manufactures sensors and
sensor-based systems to measure precise ranges of physical characteristics such
as pressure, temperature, position, force, vibration, humidity and photo optics.
MEAS uses multiple advanced technologies -- piezo-resistive silicon sensors,
application-specific integrated circuits, micro-electromechanical systems
("MEMS"), piezoelectric polymers, foil strain gauges, force balance systems,
fluid capacitive devices, linear and rotational variable differential
transformers, electromagnetic displacement sensors, hygroscopic capacitive
sensors, ultrasonic sensors, optical sensors, negative thermal coefficient
("NTC") ceramic sensors and mechanical resonators -- to engineer sensors that
operate precisely and cost effectively.

This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
and Exchange Act of 1934, as amended. Forward looking statements may be
identified by such words or phrases "should", "intends", " is subject to",
"expects", "will", "continue", "anticipate", "estimated", "projected", "may",
"we believe", "future prospects", or similar expressions. These forward-looking
statements involve a number of risks and uncertainties. Factors that might cause
actual results to differ include, but are not limited to, success of any
reorganization or cost control efforts; compliance with debt covenants; ability
to raise additional funds; conditions in the general economy and in the markets
served by the Company, including changes in the demand for passenger and
non-passenger vehicles incorporating our products; competitive factors, such as
price pressures and the potential emergence of rival technologies; interruptions
of suppliers' operations affecting availability of component materials at
reasonable prices; timely development and market acceptance, and warranty
performance of new products; success in integrating prior or future
acquisitions; changes in product mix, costs and yields, fluctuations in foreign
currency exchange rates; uncertainties related to doing business in Hong Kong
and China; and the risk factors listed from time to time in the Company's SEC
reports. The Company from time-to-time considers acquiring or disposing of
business or product lines. Forward-looking statements do not include the impact
of acquisitions or dispositions of business or assets, which could affect
results in the near term. Actual results may differ materially. The Company
assumes no obligation to update the information in this release.

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CONTACT: Measurement Specialties, Inc.
Mark Thomson, CFO
(757) 766-4224