Fairview, PA, June 22, 2006 ---- Spectrum Control, Inc. (NASDAQ: SPEC), a leading designer and manufacturer of electronic control products and systems, today reported results for the second quarter ended May 31, 2006.

For the second quarter of fiscal 2006, the Company reported net income of $1,729,000 or 13 cents per share on sales of $31,884,000, compared to net income of $1,322,000 or 10 cents per share on sales of $25,882,000 for the same period last year. For the first half of fiscal 2006, the Company had net income of $2,019,000 or 15 cents per share on sales of $57,444,000. For the comparable period of 2005, the Company had net income of $1,929,000 or 15 cents per share on sales of $47,024,000.

Dick Southworth, the Company's President and Chief Executive Officer, commented, "We are greatly encouraged by our strong second quarter performance. Our sales increased by $6.0 million or 23% from the same period last year. Sales of our microwave products grew by $3.3 million, as demand for these components and systems in military/aerospace applications remains particularly strong. Sales in the current quarter also included $2.0 million for sensor and control products, reflecting the successful integration of our recent acquisition of JDK Controls, Inc. Perhaps even more significantly, sales of our signal and power integrity products increased by $1.4 million from a year ago. This increase reflects improved overall market conditions throughout the passive electronic components industry, as well as an increased supply of coaxial ceramic components from third party vendors. Driven by our increased sales volume, our overall profitability improved significantly. Net income rose to $1.7 million, up 31% from the same period last year and up $1.4 million or 496% from our first quarter performance this year. With our new State College, PA, ceramic manufacturing facility beginning to come online, we firmly believe that our Company is strategically positioned to build upon its current momentum and enhance its future profitability."

Second Quarter Highlights

Business Segment Discussion

Our operations are currently conducted in four reportable segments: signal and power integrity components; microwave components and systems; power management systems; and sensors and controls.

Our Signal and Power Integrity Components Business designs and manufactures a broad range of products including low pass electromagnetic interference (EMI) filters, filter plates, filtered connectors, power entry modules, power line filters, and our motor line feed thru (MLFT) filters. Orders for these products were $17.9 million in the current quarter, up 35% from a year ago. Customer demand for our EMI filter products has increased markedly over the last three fiscal quarters, reflecting improved market conditions throughout the passive electronic components industry. Sales of signal and power integrity components were $15.0 million in the second quarter of fiscal 2006, compared to $13.6 million in the same period last year and $11.4 million in the first quarter of this year. Although shortages of certain custom coaxial ceramic components still exist, the overall supply of ceramic components from outside vendors significantly improved during the current quarter. The enhanced availability of these ceramic components, which are an essential element of our EMI filter products, enabled us to attain higher shipment levels for our signal integrity component products. When our new State College ceramic manufacturing facility reaches full production, we expect this business segment’s operating margins and overall profitability to measurably improve.

Our Microwave Components and System Business designs and manufactures microwave filters, waveguides, amplifiers, frequency mixers, oscillators, synthesizers, multiple channel filter banks, and related products and integrated assemblies. Customer orders for microwave components and systems were $11.7 million in the current period, an increase of $1.5 million or 15% from the first quarter of this year. Sales for this segment were $13.4 million in the current quarter, up $3.3 million or 32% from the comparable period of fiscal 2005 and up 28% sequentially. Although our microwave components and systems are used in numerous industries and applications, sales in the military/aerospace sector have been particularly strong.

Our Power Management Systems Business designs and manufactures breaker and fuse interface panels, custom power outlet strips, and our Smart Start power management systems. Customer orders for these advanced systems amounted to $1.9 million in the current quarter, up 23% from the first quarter of this year. Sales of our power management systems were $1.5 million in the second quarter of fiscal 2006, down slightly from previous levels due to the timing of delivery requirements for certain telecommunication equipment customers.

Our recently created Sensors and Controls Business currently designs and manufactures rotary and linear precision positioning sensors and related assemblies. In the current quarter, customer orders for these products were $2.7 million and sales were $2.0 million, reflecting the successful integration of our recent acquisition of JDK Controls, Inc.

Current Business Outlook

Mr. Southworth continued, "Regarding our new ceramic manufacturing facility in State College, we currently expect to reach full production during the fourth quarter of this fiscal year. When full production at this facility is achieved, we anticipate material costs for our signal integrity/EMI filter products to significantly decrease and our operating margins to improve. During the third quarter, as we phase-in production, we will still purchase significant quantities of ceramic components from third party suppliers. Based on this phase-in of ceramic production and our current assessment of other business factors, we expect our third and fourth quarter revenues to each approximate $32 million, with earnings ranging from 14 to 15 cents per share in the third quarter of fiscal 2006 and 19 to 21 cents per share in the fourth quarter of this year. As our purchase and consumption of third party ceramics are completed later this year, we expect the first quarter of fiscal 2007 to fully benefit from the one hundred percent resumption of our internal ceramic manufacturing capabilities."

Forward-Looking Information

This press release contains statements that are forward-looking statements within the meaning of the Private Securities Reform Act of 1995. These statements are based on current expectations, estimates and projections about the Company’s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.

Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors and risks discussed from time to time in the Company’s Securities and Exchange Commission filings and reports. In addition, such statements could be affected by general industry and market conditions and growth rates, and general domestic and international economic conditions. Such forward-looking statements speak only as of the date on which they are made and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Simultaneous Webcast and Teleconference Replay

Spectrum Control, Inc. will host a teleconference to discuss its second quarter results on Thursday, June 22, 2006, at 4:45 p.m., Eastern Time. Internet users will be able to access a simultaneous webcast of the teleconference at www.spectrumcontrol.com or www.vcall.com. A taped replay of the call will be available through June 23, 2006 at 877-660-6853, access account 286, conference 203644 or for 30 days over the Internet at the Company's website.

About Spectrum Control

Spectrum Control is a leading designer and manufacturer of components and systems used to condition, regulate, transmit, receive, or govern electronic performance. The Company’s largest markets are military/aerospace and telecommunications equipment, with applications in secure communications, smart weapons and munitions, missile defense systems, avionic upgrades, wireless base stations, broadband switching equipment, and global positioning systems. Automotive represents an emerging market for the Company’s products, with significant applications in DC motors, telematics, and electronic safety controls. Other markets for the Company’s products include medical instrumentation, industrial equipment, computers, and storage devices.

For more information about Spectrum Control and its products, please visit the Company's website at www.spectrumcontrol.com.