Measurement Specialities, Sensata Enter Long-Term Supply, License Deal

Measurement Specialties, Inc.

(the "Company"), a global designer and manufacturer of sensors and sensor-based systems, announced that it entered into a long term supply agreement and license agreement with Sensata on March 14, 2013. The long term supply agreement guarantees the Company certain volumes and associated margin through 2017. The license agreement provides the Company with $11 million in royalties through 2019. The Company has been working cooperatively with Sensata, its largest customer, on a long term plan to enable Sensata to in-source the majority of the production from MEAS. The long term supply agreement provides for an orderly step down of MEAS production over a 5 year period, allowing both companies to plan for the transition in a controlled fashion. Additionally, the Company will receive quarterly royalty payments tied to a license of certain intellectual property to Sensata.