Taylor Devices Announces Second Quarter and Six Month Results

NORTH TONAWANDA, N.Y., Jan. 14, 2005 -- Taylor Devices, Inc. announced today that it had 2nd quarter net earnings of $13,438, up sharply from last year's 2nd quarter earnings (loss) of ($117,448). Net Earnings for the 1st six months were $87,087, up significantly from last year's net earnings (loss) of ($318,577).

Sales for the 2nd quarter were $2,649,727, down from last year's 2nd quarter sales of $3,354,261. Sales for the 1st six months were $5,101,146, down from last year's $6,343,522.

Taylor Devices, Inc. is a 50-year-old company engaged in the design, development, manufacture & marketing of shock absorption, rate control and energy storage devices for use in various types of machinery, equipment & structures. The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations.

  2nd Quarter                                       F/Y 05         F/Y 04
  (3 months ended 11/30/04 & 11/30/03)

  Sales                                         $2,649,727     $3,354,261

  Net Earnings                                     $13,438     $(117,448)

  Earnings per Share                                $ ----         $(.04)

  Shares Outstanding                             3,022,003      2,950,450

  Six Months                                        F/Y 05         F/Y 04
  (6 months ended 11/30/04 & 11/30/03)

  Sales                                         $5,101,146     $6,343,522

  Net Earnings                                     $87,087    $ (318,577)

  Earnings per Share                                  $.03         $(.11)

  Shares Outstanding                             3,022,003      2,950,450

   Taylor's website can be visited at:  http://www.taylordevices.com/