Metrologic Receives $4.3 Million in Initial Funding on a New Contract

    Business Editors/High-Tech Editors

    BLACKWOOD, N.J.--(BUSINESS WIRE)--April 12, 2005--Metrologic Instruments, Inc. (NASDAQ-NMS:MTLG), experts in optical image capture and processing solutions who design, manufacture and market worldwide sophisticated imaging and scanning solutions for a variety of applications, today announced that the Advanced Optical Systems Division of its Adaptive Optics Associates, Inc. ("AOA") subsidiary has received a letter subcontract valued at $4.3 million which provides initial funding, expected to last through May 31, 2005, from a proprietary customer on a new project. We anticipate that additional funding will be awarded in the future. The period of performance for the entire contract is expected to last through the end of 2007. 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 award represents a significant achievement for our Optical Systems Division and AOA as a whole and demonstrates the reliance our customers place in our abilities to fulfill their requirements. This program will not only provide substantive near term sales, but it should also act as a stepping-stone to related work. I am pleased with the efforts of our team at AOA to win this business and proud that we will be working together with an impressive group of companies on this project."
    For proprietary reasons, this customer has requested that Metrologic not release its name.

    About Metrologic and AOA

    Metrologic designs, manufactures and markets bar code scanning and high-speed automated data capture systems solutions using laser, holographic and vision-based technologies. Metrologic offers expertise in 1D and 2D bar code reading, portable data collection, optical character recognition, image lift, and parcel dimensioning and singulation detection for customers in retail, commercial, manufacturing, transportation and logistics, and postal and parcel delivery industries. In addition to its extensive line of bar code scanning and vision system equipment, the Company also provides laser beam delivery and control systems, as well as a variety of highly sophisticated optical systems used by the commercial, government, and scientific communities. Metrologic products are sold in more than 110 countries worldwide through Metrologic's sales, service and distribution offices located in North and South America, Europe and Asia. For more information please call 1-800-ID-METRO or visit www.metrologic.com.

    Forward-Looking Statement

    Forward-looking statements contained in this release are highly dependent upon a variety of important factors which would 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.

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CONTACT: Metrologic Instruments, Inc. Investor Relations: Treasury Manager Ann Anthony, 856-228-8100 Ext.5507 a.anthony@metrologic.com or News Media: Marketing Communications Steve Gary, 856-228-8100 Ext.5860 s.gary@metrologic.com or AOA's Contact for Advanced Optical Systems: Senior Vice President, Industrial Operations, and General Manager, AOA Jeffrey Yorsz, 617-806-1400 jeffy@aoainc.com or Metrologic Instruments, Inc. Tel: 856-228-8100 Fax: 856-228-6673 (Sales) Fax: 856-228-0653 (Finance/Legal) www.metrologic.com

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: HARDWARE SOFTWARE ADVERTISING/MARKETING BANKING MANUFACTURING PRODUCT MARKETING AGREEMENTS SOURCE: Metrologic Instruments, Inc.

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