8:00 a.m. EST

Hi-Shear Technology Corporation, Torrance, CA (AMEX:HSR) today announced that it has been selected by the United States Army to supply Hi-Shear’s innovative electronic firing system for use on the Patriot Advance Capability (PAC-3) anti-missile. Hi-Shear will immediately begin manufacturing its electronic firing system, according to the Army’s initial production schedule. The PAC-3 program is scheduled to expand rapidly from low rate production to full production over the next two years. This selection is the result of Hi-Shear’s ongoing development program to provide a stream of the most advanced missile firing systems.

The PAC-3 anti-missile is a high velocity, hit-to-kill, surface to air missile, which offers increased range, accuracy, and lethality compared to current missile systems. PAC-3 is capable of intercepting and destroying aircraft and tactical ballistic missiles. This missile program represents the significant upgrades that the Army is making to its National Missile Defense program.

Hi-Shear Technology Corporation provides aerospace and commercial products in applications where safety, performance and high reliability are essential. It develops and produces advanced systems and products that are primarily used worldwide in commercial space satellites, launch vehicles, and government programs. The Company is also continuing to adapt its technology to produce advanced, competitively priced products for commercial markets.

This release, as it relates to product announcements and other Company matters, contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, risks related to market acceptance of and demand for the Company’s new commercial products, dependence on the uncertainty of government budgetary issues, primary government contracts, and intellectual property rights.