Taylor Devices Announces Solid First Quarter Results

NORTH TONAWANDA, N.Y., Oct. 16, 2006 -- Taylor Devices, Inc. (Nasdaq SmallCap: TAYD) announced today that it had 1st quarter net earnings of $155,513, up from last year's 1st quarter earnings of $109,315.

Sales for the 1st quarter were $3,997,502, up significantly from last year's 1st quarter sales of $3,110,099.

"Our firm order backlog is now $13.1 million, up from $12.4 million at year end," stated Douglas P. Taylor, President. He concluded, "Our Board remains committed to maximizing profitability while growing our top-line intelligently."

Taylor Devices, Inc. is a 51 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 vehicles, machinery, equipment & structures. The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations.

  1st Quarter (3 months ended 8/31/06 & 8/31/05)    F/Y 06        F/Y 05

  Sales                                           $3,997,502     $3,110,099

  Net Earnings                                    $  155,513     $  109,315

  Earnings per Share                              $      .05     $      .04

  Weighted Average Shares Outstanding              3,142,457      3,102,057

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